DFW multifamily 4Q 2013 CBREDFW multifamily 4Q 2013 CBREhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45872014-03-25T08:46:00Z2014-03-25T00:00:00Z

DALLAS-FORT WORTH - CBRE's 4Q 2013 Multi-Housing Marketview indicates that 2013 was the most active year for multifamily development since 2009.

The number of completed units nearly doubled that from 2012, with 12,657 units completed. Fourth quarter alone saw 2,694 units completed.

Deliveries will remain strong through early 2014, as another 16,478 units are under construction, primarily concentrated in the Uptown and Oak Lawn areas of Dallas, which experienced the biggest boom in multifamily housing development in Texas in 2013.

Across the DFW market, average monthly rents remained unchanged in fourth quarter, at $0.98 per sf. In the past 12 months, the average rental rate has grown by 4.3 percent.

According to the report, the banner year was driven by employment growth and a strengthening economy.

For more, see CBRE’s Dallas-Fort Worth Multi-Housing MarketView 4Q 2013 (PDF) under Dallas-Fort Worth Market Data Sources.

Dallas-Fort Worth-Arlington
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