A new report says minimum wage workers do not make enough money to find affordable rent in Minnesota. According to the “Out of Reach 2015” report, Minnesota is the second least-affordable state in the Midwest.
The Twin Cities rental market continues to buck a national trend. Zillow just released a new report for March. The website, which tracks real estate information, said nationwide home rental prices shot up 3.7 percent last month from a year ago.
It seems like everywhere you look downtown, a new condo or apartment building is popping up. But now, the vacancy rate is going up, too. Minneapolis-based Marquette Advisors reported the vacancy rate for apartments in downtown Minneapolis at 5 percent at the end of March. That’s up from the 2.2 percent vacancy rate at the end of March from last year.
After nearly 100 years of serving as headquarters for a bank and later a railroad, the Soo Line Building in downtown Minneapolis is becoming one of the hottest new properties for rent. The 20-story tower is a classic example of “monumental classicism.”
No raking the leaves, no condo association fees and no mortgage. They’re all reasons that are pushing many people to rental housing in the Twin Cities as high-end apartments pop up all around the metro.
About 60 people were displaced from their homes after an apartment fire in Roseville. Firefighters responded to an apartment building on the 1400 block of Terrace Drive at around 7:30 p.m. Thursday.
If you want to rent an apartment in downtown Minneapolis, you’re going to be hard-pressed to find one. That’s because the rental market is hot.
Police in Mounds View are looking for a suspect who they say is involved in at least four burglaries since last Saturday.
If you’re thinking of renting in the Twin Cities, think again. Forbes Magazine says that the Minneapolis-St. Paul metro area is second only to New York City among the nation’s worst cities to rent an apartment.
Minneapolis firefighters got out just in time after a fire Saturday morning on Lowry Avenue brought a building’s walls down, authorities say.
An apartment complex just south of downtown Minneapolis is a total loss after a fire that reached at least three alarms overnight.
A Burnsville apartment complex is getting its rental license revoked after failing to properly respond to multiple code violations.
A Burnsville apartment complex is at risk of losing its rental license. The Country Village Apartments must meet fire code compliance this week or its tenants could be forced from their homes.
As he drove around Northeast Minneapolis with his pregnant wife, Michael Rainville wondered if starting his family there made him a bad husband.
Several people were forced from their apartments in Burnsville overnight due to an early morning fire.