Federal Reserve Bank of Minneapolis: In Greater Minnesota, apartment owners’ operating costs rise as small cities “scream for more housing”
EXCERPT: “Insurance, interest rates, and staffing are common challenges for rental housing owners and operators in Greater Minnesota, a region made up of 80 of the state’s 87 counties and home to 45 percent of its population.1 That’s according to conversations with dozens of multifamily property owners there this summer. They told us that while ...