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Marquette Advisors

(credit: CBS)

As New Apartments Pop Up In Mpls., Vacancy Rate Doubles

It seems like everywhere you look downtown, a new condo or apartment building is popping up. But now, the vacancy rate is going up, too. Minneapolis-based Marquette Advisors reported the vacancy rate for apartments in downtown Minneapolis at 5 percent at the end of March. That’s up from the 2.2 percent vacancy rate at the end of March from last year.

05/26/2014