MSP Metro named the most distressed real estate market in the nation

A new report says the Twin Cities metro has the nation’s highest commercial property distress rate, raising new questions about the impact on metro homeowners. 

New commercial real estate data from CRED iQ shows the Twin Cities has the highest distressed property rate of any U.S. metro, naming Minneapolis, St. Paul and Bloomington. In Bloomington, City Assessor Tim Bulger said the city does not have the same commercial real estate problems as Minneapolis or St. Paul.

Growth does appear to be stagnant right now though.

For resident John Heutmaker, attention is now on Bloomington City Hall ahead of the city’s next budget steps.

“What I hope happens is that they understand, that they are overburdening all of the residents in the city of Bloomington and they have been...