Apartment absorption remains robust in Dallas’ close-in, urban core submarkets

DFW’s strong growth continues to fuel apartment construction across the region. For Dallas, monthly rents in the newer units now average more than $1,230 – an increase of 9.2% in the last 2 years. Occupancy in these units has also trended higher, coming in at 94.6%.

The CBD and Uptown have seen significant construction. Since 2014, 15 projects were delivered, which added more than 4,300 units to the inventory – an increase of 10% in the overall stock. Absorption has been strong thus far in the urban core. Currently, 74% of these new units have been leased – that equates to an average pace of 30 units per month per project. Construction underway in the urban core is expected to add another 7,600 units over the next few years.

new apartments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s