Wednesday, March 5, 2014
Apartments in the Twin Cities can’t go up fast enough
Twin Cities apartment developers are filling units nearly as fast they can build them.
Although more than 3,000 new apartments were built in the metro area over the past year, the average vacancy rate barely budged, ending the year at just 2.5 percent, with average monthly rent rising 2.5 percent to $981, according to Marquette Advisors.
Read more in the Minneapolis Star Tribune.