Jan 4, 2016
MPF: Dallas-Fort Worth multifamily trends 3Q 2015
DALLAS-FORT WORTH - Demand topped new supply levels, both on a quarterly, 5,025 units to 4,657 units, and annual, 18,675 units to 15,994 units, basis. As a result, occupancy increased 0.2...
DALLAS-FORT WORTH – Demand topped new supply levels, both on a quarterly, 5,025 units to 4,657 units, and annual, 18,675 units to 15,994 units, basis.
As a result, occupancy increased 0.2 points in the quarter and was up 0.7 points year-over-year landing at 95.5 percent — the tightest occupancy measured since mid-2001.
With fewer vacancies, operators pushed rents 2.6 percent during 3rd quarter. That quarterly hike took annual rent growth to a 20-year high of 6.8 percent.
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