DFW apartment trends 3Q 2012DFW apartment trends 3Q 2012https://www.recenter.tamu.edu/news/newstalk-texas/?Item=90222012-11-15T13:26:00Z2012-11-15T00:00:00Z

DALLAS-FORT WORTH - According to MPF Research, DFW leads the nation in apartment construction with 17,792 units underway, Making DFW one of the few markets where construction levels top the local ten-year average of 13,469 units.

The DFW apartment market should continue to grow in the year ahead, with apartment occupancy remaining near 94 percent through the end of 2013. However, the rate of growth is expected to slow down as the housing market continues to recover.

The biggest share of the apartment construction in North Texas is in Dallas’ center city markets — including Uptown and downtown — and in Las Colinas, Addison, Carrollton and Farmers Branch.

  • Dallas saw same-store rents climb for the tenth consecutive quarter, as prices rose 1.3 percent in third quarter 2012.
  • Fort Worth saw same-store rents climb 3 percent year over year, the eighth consecutive annual increase.

DFW 3Q 2012 Apartment Trends
Effective rent $827
Occupancy 93.8%
Annual job change 61,100
Annual permits 14,954
Annual demand 10,146
Annual completions 6,501

Read more at the Dallas Morning News.

Online news
Dallas-Fort Worth-Arlington
https://www.realpage.com/apartment-market-research/dallas-fort-worth-apartment-trends/dallas-fort-worth-performance-highlightsRead more at {Source}

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