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DFW apartment stats 2Q 2014: Hendricks-BerkadiaDFW apartment stats 2Q 2014: Hendricks-Berkadiahttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35862014-07-21T13:01:00Z2014-07-18T06:30:00Z

DALLAS-FORT WORTH - Apartment demand was healthy in the first two quarters 2014, despite a 12.1 percent decrease in leasing activity compared to the first half 2013. Renters occupied 7,250 additional units since the beginning of 2014.

Asking rents advanced 2.4 percent year over year to $950 per month 2Q 2014.

Class A asking rents rose modestly, increasing 0.3 percent to $1,385 per month. Average rent at Class B/C communities appreciated 2.9 percent.

Through mid-2014, completions were 20.9 percent greater than in the first half of 2013. Builders delivered 6,200 apartments year to date, of which 3,330 apartments came online in second quarter. Deliveries averaged 8,610 units annually during the last five years.

DFW Multifamily 2Q 2014 / 2Q 2013 Comparison by Vacancy
Submarkets* Vacancy Average Rent
2Q 2014 2Q 2013 2Q 2014 2Q 2013
Ellis County 1.2% 4.4% $914 $858
Grand Prairie 3.6% 5.8% $760 $720
Far Northwest/Farmers Branch 3.9% 4.4% $895 $875
Garland 3.9% 4.2% $818 $778
Hunt County 4.0% 5.0% $677 $677
Hurst/Bedford/Euless 4.2% 4.6% $843 $822
Richardson 4.2% 4.1% $1,010 $974
Southeast Fort Worth 4.2% 4.1% $875 $832
Far North Dallas 4.4% 4.9% $915 $878
Plano/Allen/McKinney 4.6% 4.5% $1,056 $1,018
Northwest Fort Worth 4.6% 5.4% $1,085 $1,064
Market total** 5.3% 5.5% $950 $929

*Chart represents topĀ 11 submarkets ranked by lowest vacancy.
**Total includes all submarkets within DFW.

View the full report at Hendricks-Berkadia. For more stats, see Multifamily under DFW Market Data Sources.

Berkadia
Dallas-Fort Worth-Arlington
Multifamily
http://www.apartmentupdate.com/index.cfmRead more at {Source}

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