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A look into DFW's Mid-Cities multifamily marketA look into DFW's Mid-Cities multifamily markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215772018-12-11T06:00:00Z2018-12-12T00:00:00Z

​​​​DFW – The multifamily sector in the Mid-Cities—the swath of suburbia that lies between Dallas and Fort Worth—are catching the eye of real estate investors. 

These cities have a combination of leasing dynamics and economic fundamentals coupled with strategic access to Dallas and Fort Worth that will make them an area of investor interest in 2019, according to CBRE Research. 

According to a market snapshot​ by ​Bisnow, here is what makes this submarket attractive: 

  1. A quarter of DFW's population is in the Mid-Cities. 

  2. Rent growth is on the rise for Mid-Cities submarkets, such as Arlington, North Richland Hills, Irving, Hurst, Euless​,​ and Bedford. ​Monthly rents have moved up from $1,045 in 2017 to $1,080 in 2018, a 3.29 percent increase—outpacing area inflation of 2.1 percent. 

  3. The submarket contains top school districts that will continue to attract multifamily demand. ​​Seven of the top 20 school districts in the region are within the Mid-Cities, making the area attractive for renters with young children. 

  4. The area is accessible to DFW International Airport and urban corporate employment centers​.​

BISNOW
Dallas-Fort Worth-Arlington
Multifamily
https://www.bisnow.com/dallas-ft-worth/news/multifamily/cre-snapshot-mid-cities-multifamily-95511

​See also: Dallas-Fort Worth-Arlington Multifamily Market Research​.

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