DFW apartment rentals on the rise; 40K units rise tooDFW apartment rentals on the rise; 40K units rise toohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=199832018-05-23T05:00:00Z2018-05-23T22:30:00Z
​​​Average Rent per unit Vacancy 12-Month Net AbsorptionDALLAS-FORT WORTH – Rental rates per square foot rose to $1.24 in first quarter 2018, according to Transwestern’s 1Q 2018 DFW Multifamily Market Outlook.

This rental rate rise was a year-over-year increase of 1.6 percent for the average apartment unit of 894 sf.​

Submarkets that reported the highest rental rates included:
  • ​Park Cities at $2,297/unit,
  • Uptown at $1,937/unit, 
  • Downtown Dallas at $1,529/unit, and 
  • Grapevine at $1,308/unit.
During the previous 12 months, there have been 93 buildings with 23,579 units delivered across the DFW metro.

Currently, there are 154 buildings and 39,865 units under construction.​
Dallas-Fort Worth-Arlington

Click here to view Transwestern's 1Q 2018 DFW Multifamily Metro Outlook.​

Check out more DFW Multifamily Market Research.

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