DFW apartment trends 4Q 2012DFW apartment trends 4Q 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=82002013-02-19T12:45:00Z2013-02-19T00:00:00Z

DALLAS-FORT WORTH - Apartment development never really stopped in DFW during the recession. Over the past year, total construction has almost doubled, with a nation-leading 19,930 units underway at the end of 2012.

Dallas leads the metro with 3,532 units underway, but only eight of DFW’s 36 submarkets had no ongoing construction at the end of 2012.

North Texas occupancy levels logged a rate of 93.7 percent in 4Q 2012, up 0.4 points year-over-year.

DFW 4Q 2012 Apartment Trends
Effective rent $826
Occupancy 93.7%
Annual job change 72,600 jobs
Annual permits 15,523 units
Annual demand 9,382 units
Annual completions 7,460 units

Source: MPF Research

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