|DFW apartment completions still rising in 2018||DFW apartment completions still rising in 2018||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=19695||2018-04-10T05:00:00Z||2018-04-10T22:00:00Z|
DALLAS-FORT WORTH – Multifamily absorption reached the highest level in the last decade during 2017 at a time when completions were at peak levels, according to Marcus & Millichap’s DFW Multifamily First Quarter 2018 report.
Completions rise again in 2018, remaining well above the five-year average, and developers are set to bring a record number of 32,000 units online.
Vacancy rises again by 70 basis points in 2018 as deliveries are elevated, reaching 6.3 percent.
Following a 4.0 percent bump in 2017, rent growth stays well below the previous five-year average of 5.7 percent during 2018, with the average rising to $1,128 per month.
|Marcus ＆ Millichap Real Estate Investment Services||Dallas-Fort Worth-Arlington||Multifamily|| http://www.marcusmillichap.com/research/researchreports|
Click here to view Marcus & Millichap's DFW Multifamily 1Q 2018 report.
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