DFW, Houston, SA tops apartment list into 2017

TEXAS – Three Texas cities have made the list of 14 cities that will overcome oversupply issues in the multifamily market, according to Jones Lang LaSalle (JLL). Houston, Dallas-Fort Worth and San Antonio are the three Texas cities that are expected to shine bright into 2017.

Other U.S. cities making the list include: Phoenix, Atlanta, Jacksonville, Tampa, San Diego, Philadelphia, Orange County, the Inland Empire, Palm Beach, Las Vegas and Memphis.

The JLL report showed that the housing recovery is causing expansion nationwide. In addition, tightening market conditions brought U.S. quarterly rent increases for 2013.