Apr 14, 2014
ALN Fort Worth apartments Mar. 2014
FORT WORTH - ALN Apartment Data has released March 2014 apartment occupancy, effective rent data and more for apartments in the Fort Worth market. *Stabilized market is everything in a...
FORT WORTH – ALN Apartment Data has released March 2014 apartment occupancy, effective rent data and more for apartments in the Fort Worth market.
| Fort Worth | Stabilized Market* | |
| Mar. 2014 | Annual Change | |
| Occupancy rate | 92.8 | 0.4% |
| Units added | 1,971 | – |
| Units absorbed (annual) | 154 | – |
| Average size (SF) | 844 | 0.1% |
| Asking rent | $795 | 3.5% |
| Effective rent | $782 | 4.0% |
| Effective rent per SF | $0.93 | 3.9% |
| Offering concessions | 41% | -11.6% |
| Avg. concession package | 4.2% | -9.8% |
*Stabilized market is everything in a market except for apartments in initial lease-up.
| Plan Type | % of Market | Avg. SF | Avg. Market Rent/Mo. | Avg. Eff. Rent/Mo. |
| Efficiency | 2.5% | 492 | $551 | $546 |
| 1 BR | 45.4% | 686 | $691 | $681 |
| 1 DEN | 2.7% | 882 | $860 | $850 |
| 2 BR | 39.5% | 989 | $876 | $863 |
| 2 DEN | 0.9% | 1,229 | $1,247 | $1,237 |
| 3 BR | 7.5% | 1,228 | $1,081 | $1,068 |
| >3 BR | 1.6% | 1,395 | $1,733 | $1,731 |
Read more at ALN Market News.
For more stats, see Multifamily under DFW Market Data Sources.
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