Photo taken of recent new construction in Detroit Lake, MN by Mitchell Simonson, MAI Outstate MN – 2016 Apartment Trends & Expectations In the past 12 to 24 months, I have appraised numerous outstate Minnesota apartments ranging in size from about 20 to 100 units. The geographic region has spanned the “banana belt” surrounding the Minneapolis/St….
Category: Apartment Real Estate Markets & Trends
2015 Mid-Year MN Apartment Market Update
Several market participants including owners, lenders, and brokers provided excellent dialogue at the 2015 Mid-Year MN Apartment Update held at the Golden Valley Country Club. Thanks to the Minnesota Real Estate Journal and Jeff Johnson for another successful event. The panel speakers discussed current apartment trends, capital markets, and apartment sale activity. Additional topics included…
Outstate MN – Apartment Trends
Outstate MN – Apartment Trends In the past 12 to 18 months, I have appraised numerous outstate Minnesota apartments ranging in size from about 20 to 100 units. The geographic region has spanned the “banana belt” surrounding the Minneapolis/St. Paul metropolitan area. The primary cities forming the “banana belt” include Rochester, Mankato, St. Cloud and…