.The Minneapolis–St. Paul area is the second largest economic center in the Midwest, behind Chicago. The economy of Minneapolis is based in commerce, finance, rail and trucking services, healthcare, and industry. A recent survey lists Minneapolis as one of the best cities in the country for Millennials when it comes to employment and wages. They study looked at data including median pay, wage growth over the last three years, and commute times for Gen Y workers. Minneapolis ranked third overall for having a 3.3 percent job growth since 2009, a median salary of $42,800, and average commute time of 20 minutes with grade ‘A’ home affordability.
Plenty of new and exciting projects coming to Minneapolis. A preliminary project by 2 Twin Cities developers for a boutique condo could be the first of many in North Loop, a historic Minneapolis neighborhood. The development duo, which has already built hundreds of apartments in the neighborhood, plans to build a sleek, eight-story glass and steel building that will offer buyers an alternative to the existing condo stock. Each floor will have only four units — one on each corner.
Each with its own large terrace and patio with room for gardens and outdoor dining. If approved, it’s expected to be ready for occupancy by the middle of 2016. The units will range from 2,000 to 4,000 square feet, and some will cost more than $1 million dollars.
In the 1800s, the North Loop was the heart of the city’s gritty manufacturing and industrial warehouse district, dotted with loading docks and smokestacks. Today, the area is one of the city’s hottest neighborhoods and has been ground zero for its apartment boom.
In the wake of the crash, many once dormant lots have begun to show signs of life again, suggesting the condo market is poised for a comeback. Minneapolis has become a hotbed for rental apartment construction. Let one of our experienced condo agents find the perfect new home for you in the culturally rich city of Minneapolis.
Downtown Resource Group is the most recognized residential brand in the condo and loft market of urban Minneapolis. DRG strives to serve people looking to buy, sell, lease or manage condos and lofts while providing an incomparable and unique experience to each client. DRG specializes solely on the Minneapolis condo and loft market making them market experts. DRG understands that real estate is more than just a financial investment - it’s personal.