Minneapolis Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, Colliers, Lee Associates
Quarterly multifamily market indicators for Minneapolis, aggregated by PropZone from Cushman & Wakefield, Colliers, Lee Associates. As of Q1 2026, average asking rent was — with a 6.1% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 6.1% | 6K SF | 1K SF | Cushman & Wakefield |
| Q4 2025 | — | 6.0% | 2K SF | 0K SF | Cushman & Wakefield |
| Q3 2025 | — | — | 7K SF | — | Cushman & Wakefield |
| Q1 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2025 | — | 21.8% | — | — | Colliers |
| Q4 2020 | — | 11.9% | 711K SF | — | Lee Associates |
| Q2 2016 | — | 4.1% | 2.1M SF | — | Lee Associates |
Frequently asked questions
- What is the average asking rent for multifamily space in Minneapolis?
- PropZone aggregates multifamily asking-rent data for Minneapolis from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Minneapolis?
- The multifamily vacancy rate in Minneapolis was 6.1% as of Q1 2026 (Cushman & Wakefield).
- Where does PropZone's Minneapolis market data come from?
- This report aggregates quarterly multifamily market data for Minneapolis from Cushman & Wakefield, Colliers, Lee Associates.
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