In Minneapolis and St. Paul, it's hard to walk the lengthy of a city block without spotting some type of new housing development. Residential housing construction is on the rise, and this boom includes not only single-family residential properties but also commercial real estate. According to the Star Tribune, 33 permits were issued to developers who intended to build multifamily units. Those 33 permits will amount to 334 new multifamily units within the Twin Cities—a steep increase of about 32 percent from this same time last year.
Multifamily units are a viable option for many commercial real estate investors, particularly in markets where this type of housing is in high demand. In Minneapolis and St. Paul, the housing market has become
…