|Apartment rates slowing; vacancy still low||Apartment rates slowing; vacancy still low||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=17466||2017-08-17T05:00:00Z||2017-08-17T21:40:00Z|
DALLAS-FORT WORTH – Apartment rents in the Dallas area are still rising—but at a slower pace than in 2016.
Average monthly apartment rent in the Dallas area in July 2017 was $1,156—up 2.4 percent from a year earlier, according to a new report from Axiometrics.
Dallas area renters on average paid $27 a month more than in July 2016.
In the Fort Worth area the average rent was $1,049—$46 a month more than in July 2016.
Despite almost 30,000 new apartments opening their doors in North Texas this year, vacancy rates remain low.
In July 2017 the Dallas area had only a 5.1 percent overall apartment vacancy and Fort Worth was 4.6 percent vacant, according to Axiometrics.
|Dallas Morning News||Dallas-Fort Worth-Arlington||Multifamily|| https://www.dallasnews.com/business/real-estate/2017/08/14/d-fw-apartment-rent-increases-slowing|
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