Apr 11, 2014
ALN Dallas apartments March 2014
DALLAS - ALN Apartment Data has released the March 2014 apartment occupancy, effective rent data and more for apartments in the Dallas market. *Stabilized market is everything in a market...
DALLAS – ALN Apartment Data has released the March 2014 apartment occupancy, effective rent data and more for apartments in the Dallas market.
| Dallas Market | Stabilized Market* | |
| March 2014 | Annual Change | |
| Occupancy rate | 93.7 | 1.2% |
| Units added | 5,887 | – |
| Units absorbed (annual) | 4,335 | – |
| Average size (SF) | 865 | 0% |
| Asking rent | $904 | 3.4% |
| Effective rent | $894 | 3.8% |
| Effective rent per SF | $1.03 | 4.0% |
| Offering concessions | 32% | -22.6% |
| Avg. concession package | 3.8% | -15.4% |
*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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