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DFW ALN apartment report March 2015 DFW ALN apartment report March 2015 https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12782015-04-14T10:14:00Z2015-04-14T09:00:00Z

DALLAS-FORT WORTH - In what appears to be a common thread in large Texas Metro areas, the DFW apartment market saw strong absorption in first quarter 2015 while price increases were modest.

The Metroplex gained over 4,300 net rented units in 1Q 2015. On an annual basis, over 14,000 more units are rented than 1Q 2014.

Effective rents over the last 12 months have risen a respectable 7.1 percent but 1Q 2015 only accounted for 1.2 percent growth in that figure.

2015 is starting out nice for the DFW market and the introduction of new supply will finally taper towards the end of 2015.

The one caveat seems to be that about 1,500 of the net rented units in 1Q 2015 came outside the core submarkets of the Metroplex. Outside areas like Sherman-Denison, Forney and Greenville are seeing strong rental growth.

With lower lower rental rates, we might be seeing a greater exodus to the outlying regions in many large metro areas over the next few quarters.

Dallas-Fort Worth Quarterly Multifamily Market
  Occupancy   Effective Rent
Submarket* Nov-14 Feb-15 Chg. Abs.** Nov-14 Feb-15 Chg.
Far North Dallas-Tollway West 95.7% 95.6% -0.1% -15 $845 $852 0.8%
Far North Dallas-Tollway East 95.6% 93.6% -2.1% -70 $924 $930 0.7%
Farmer’s Branch / Addison 94.5% 93.9% -0.6% -198 $1,027 $1,025 -0.2%
Bachman Lake / Webb Chapel 95.6% 94.3% -1.4% -134 $668 $680 1.8%
Skillman / Audelia / 635 91.6% 91.9% 0.4% 226 $668 $680 1.7%
Park Ln / Greenville / Midtown East 91.5% 91.7% 0.2% 58 $940 $953 1.4%
White Rock East / Buckner / Ferguson Rd 90.3% 93.1% 3.1% 331 $710 $722 1.6%
Totals*** 92.3% 92.2% -0.1% 4,353 $917 $928 1.2%

*Selected submarkets by occupancy
**Absorption
***Totals include data from all submarkets.

Read more at ALN Market News.

ALN Apartment Data
Dallas-Fort Worth-Arlington
Multifamily
https://www.recenter.tamu.edu/Pages/market-research.aspxRead more at {Source}

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