TWIN CITIES RENTAL ROUNDUP
2012 in review:*
New units rented: 1,217
Average rent: $957, up 3.2%
Vacancy rate: 2.9%
Units ready by year-end: 2,570
Units under construction: 5,000
Units proposed: 9,000-plus
*Annual change as of fourth quarter 2012Source: Marquette Advisors
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Overall increase was 3.9%, but 5.7% for those under age 18.
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The company has increased prices by as much as 20 cents.