31,800 new apartments projected for Metroplex in 201731,800 new apartments projected for Metroplex in 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=176962017-09-08T05:00:00Z2017-09-08T15:00:00Z

​​DALLAS – About 31,800 apartments will be added to the Metroplex in 2017, projects Marcus & Millichap in its latest quarterly market update. Last year, that number was 18,800.

This​ year, new supply will outpace the strongest rate of absorption since 2010, and vacancy will increase to 4.9 percent.

Despite that rise, Marcus & Millichap reports that vacancy will remain tight, and the average effective rent will increase to $1,102 per month, a 7.2 percent increase. Last year, rent grew 4.7 percent​.

Marcus & Millichap Real Estate Investment Services
Dallas-Fort Worth-Arlington
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