Minn. RE Back to Pre-Recession Levels

MINNEAPOLIS—As reported last week in GlobeSt.com, the Minneapolis real estate market has undergone a solid recovery, and in many ways has even gotten back to where it was before the economy’s near collapse in 2009. The present strength of its real estate market is not a surprise, Tyler Allen, a research analyst in Cassidy Turley’s Minneapolis office, tells GlobeSt.com. “It has the lowest unemployment rate of any large metro area in the country.”

According to second quarter research just published by the firm, the local unemployment rate hit just 4.39%, the lowest since 2007. The jobs expansion has pushed employers to expand footprints, and investors from across the US have started looking at Minneapolis almost as much as coastal cities and other core markets like Chicago.