Apartment rental trends have been relatively strong and steady in the Twin Cities and across the nation since 2016, according to the latest statistics compiled by RentCafe, but the numbers were last updated in February. However, new construction in Minneapolis has lowered average rents.
That's good news, according to analysts, and "a breath of fresh air" in a market that has seen rapidly increasing prices over the past five years. A corresponding decrease in affordability in a market that sorely needs housing for a growing labor market has been worrisome for the past several years. In fact, the city has recently taken steps to promote more affordable apartments by approving residential towers in former height-restricted neighborhoods, and by
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The direction has been clear for some time, but the COVID-19 pandemic may have helped define future touchless technology. The timeline for development may also have been compressed significantly as the world recovers. International hotel chains are rolling out improvements from check-in to room cleaning. Food and beverage service is likely to be affected as well. Improved health screening, for both guests and employees, promises to revolutionize the hospitality industry. The future is likely to include more automation and less human contact, and it promises to extend not only throughout the business sector but to every aspect of life. As the world starts traveling once more, the new technology will become not only more evident, but more sophisticated.