D-FW apartment rents rise higher than national average with a jump in January

North Texas apartment renters just can’t catch a break.

After near record rent increases last year, a just-released snapshot of January’s Dallas-Fort Worth apartment market shows more rent hikes are on the way.

Dallas-area apartment rents were up 5.7 percent last month compared with January 2015, according to the new research from apartment analyst Axiometrics Inc.

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Dallas-area apartment building permits have dropped for the first time in several years

Dallas’ runaway apartment building boom may have peaked for a bit.

The number of permits for new apartments in the Dallas area was down 19 percent in the year ending with May compared with the previous 12 months, according to a new report from Axiometrics Inc.

Builders have received permits to start 14,218 apartments during the year, compared with 17,570 in the previous 12 months, the apartment analyst reports.

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D-FW net office leasing doubles this year compared to 2014 levels

North Texas’ office market has boomed in the first half of the year, with twice the net leasing the area saw in 2014.

Expanding and relocating businesses rented almost 1.7 million square feet of office space in the first six months of 2015, according to the latest data from Cushman & Wakefield.

And overall office building vacancy rates dropped to about 16 percent — the lowest percentage of empty space since the 1980s, according to the commercial real estate firm’s latest report.

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Fort Worth’s apartment rent growth breaks record at 6.8% annual gain

Fort Worth’s annual effective rents grew 6.8 percent year-over-year in March, which is the city’s highest rent gain in the current real estate cycle, according to research from Addison-based Axiometrics.

Meanwhile, the annual effective rent growth for the same time period in Dallas reached 6 percent. Dallas and Fort Worth’s annual rent increases surpass the national effective rent growth of 5 percent.

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Dallas area job growth fuels escalating apartment rents

As Dallas-Fort Worth continue to add jobs to the region, apartment owners are expected to raise their rental prices by 5.4 percent, which outpaces the national average.

Apartment rents in the United States rose year-over-year by 5.1 percent for February, according to Addison-based Axiometrics, which analyzes the apartment market.

Read More Here on the Dallas Business Journal