Axiometrics: DFW mutifamily rental rate growth projectedAxiometrics: DFW mutifamily rental rate growth projectedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=147202016-10-03T05:00:00Z2016-10-03T20:00:00Z

​​​DALLAS-FORT WORTH - As thousands of new apartments hit the market this year, Axiometrics expects rental rate growth to continue to moderate as lenders rein in plans for new developments.

In the past 12 months ending in July, Dallas-Fort Worth employers added nearly 110,000 jobs. 

Some of those jobs are moving, in part, because of the relatively low cost of living.

The average rent in August was $1,134 in Dallas and $1,021 in Fort Worth compared to the average national rate of $1,293.

North Texas' effective rent growth was 4.7 percent higher in August year-over-year in Dallas, which drops it below some of the rental growth highs seen last year (for August 2015 that was a 6.2-percent growth).

This year, Axiometrics data shows 17,069 apartments will be delivered in Dallas, with 2,045 units to be completed in Fort Worth.
Next year, the firm expects 23,255 apartments to be completed in Dallas, with another 4,165 apartments added to Fort Worth's market.
Dallas Business Journal
Dallas-Fort Worth-Arlington

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