Hottest Neighborhoods, Major Developments, Inclusionary Zoning, And More

WHAT YOU’LL LEARN

1. Minneapolis can boast the country’s second highest occupancy rate behind only NYC. What is driving such a booming multifamily market?
2. Between October of 2018 and October 2019 Minneapolis gained approximately 10,000 jobs. What about Minneapolis is attracting companies and how can the CRE industry capitalize on this period of economic growth?
3. Of the 10,000 new jobs the largest demographic moving to Minneapolis is millenials. What are the major differences between what millenials want from their homes compared to older generations?
4. With development slowing down and occupancy rates at an all time high, rents are going up. Will the younger generation start to look to up and coming neighborhoods for some rent relief?
5. With construction costs continuing to skyrocket, how are developers changing how they finance projects?