NAICS 53

Real Estate and Rental and Leasing in Minneapolis-St. Paul-Bloomington, MN

Metro Market Score 62.4 (Difficult), ranked #288 of 330 metros. 4,816 establishments, 27,860 jobs.

Metro Market Score 62.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Minneapolis-St. Paul-Bloomington scores 62.4 on the Metro Market Score for real estate and rental and leasing, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

69.7

LQ: 0.93

Rank #230 of 330 metros

Wage Competitiveness

88.8

$73,787 avg wage

Growth Trend

↓ 34.5

Employment growth index

Rank #217 of 330 metros

Wage Pressure

15.6

YoY wage change index

4,816 Real Estate and Rental and Leasing Firms in Minneapolis-St. Paul-Bloomington

4,816

Establishments

-0.6% YoY

27,860

Total Employment

-0.7% YoY

$73,787

Average Annual Wage

+2.5% YoY

0.93

Location Quotient

Below national avg

Within Minnesota

#4 of 4

real estate and rental and leasing metros in state

Minnesota state rank

#31 of 51

for real estate and rental and leasing entry risk

vs State Median

+28.6

worse than median (33.8)

Minneapolis-St. Paul-Bloomington vs Minnesota Statewide

How this metro's real estate and rental and leasing market compares to Minnesota overall. The state ranks #31/51 for entry risk.

Measure	Minneapolis-St. Paul-Bloomington	MN Statewide
Overall Score	62.4 Difficult	42.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#288 of 330 metros	#31 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Minneapolis-St. Paul-Bloomington

Accommodation and Food Services 45.5 Retail Trade 46.1 Construction 59.5 Other Services 61.3 Information 64.3 Finance and Insurance 80.5

Real Estate and Rental and Leasing in Other Minnesota Metros

St. Cloud 15.9 #10/330 Duluth 30.6 #74/330 Mankato 33.8 #88/330

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Minneapolis-St. Paul-Bloomington's 62.4 score. Useful when comparing markets with comparable entry profiles.

Los Angeles-Long Beach-Anaheim, CA 62.4 #289/330 Seattle-Tacoma-Bellevue, WA 62.5 #290/330 San Diego-Chula Vista-Carlsbad, CA 62.6 #291/330 Charleston-North Charleston, SC 62.7 #292/330 Las Vegas-Henderson-North Las Vegas, NV 61.9 #287/330 Colorado Springs, CO 63.2 #293/330 Corpus Christi, TX 61.5 #286/330 Dallas-Fort Worth-Arlington, TX 61.5 #285/330 Worcester, MA 61.4 #284/330 Detroit-Warren-Dearborn, MI 61.4 #283/330

Real Estate and Rental and Leasing in States Bordering Minnesota

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Wisconsin 26.0 #2/51 South Dakota 26.4 #4/51 Iowa 35.6 #16/51 North Dakota 54.3 #48/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Minneapolis-St. Paul-Bloomington's real estate and rental and leasing sector, the wage competitiveness component (88.8) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Minneapolis-St. Paul-Bloomington, MN-WI MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment