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Twin Cities ReadjustFollowing two record years for both development and sales, the Twin Cities’ multifamily growth slowed. In the first quarter, only 475 units came online, and transaction activity stalled. Rents, however, ticked up 20 basis points to $1,465, while U.S. rates plateaued at $1,706.
Following two record years for both development and sales, the Twin Cities’ multifamily growth slowed. In the first quarter, only 475 units came online, and transaction activity stalled. Rents, however, ticked up 20 basis points to $1,465, while U.S. rates plateaued at $1,706.
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