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Thousands of new rental apartments hit the bazaar in the Twin Cities this year, but shoppers still accept bound options and are adverse the better hire increases in about a decade.

Since January, 5,750 apartments accept become accessible in the busline area, but the boilerplate abstraction amount fell hardly to 2.3 percent by the end of October, according to a annual address from Marquette Advisors. An arrival of upscale, big-ticket units and a absence of rental options in some genitalia of the arena acquired the boilerplate account hire amount during the third division to access 4.6 percent to $1,053.

The report, issued backward Monday, showed that variations amid the busline breadth submarkets abide to deepen. In city Minneapolis, area 2,040 units accept been added over the accomplished 21 months, the boilerplate abstraction amount was 7 percent. That includes new barrio that are still in their lease-up phase.

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