Plano gets top marks in apartment renter survey

Plano is at the top of a list of U.S. cities that renters say are the best places to live.

Apartment List’s latest renter confidence survey put Plano with Boston and Arlington, VA as the three best markets in the country.The apartment marketing firm compared conditions in 100 U.S. cities for the report.

Apartment renters were asked to rate the areas for factors including safety, state and local taxes, access to recreation, commute times and economic conditions.

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Report: Commercial real estate investment up 45 percent in first quarter

U.S. commercial real estate activity soared in the first quarter, according to a new report by Colliers International.

Commercial property investments jumped 45 percent in the first three months of 2015 compared to a year earlier, the Seattle-based commercial real estate firm reports.

Investment volumes totaled $129 billion year over year, with the largest volumes going into office transactions ($33.5 billion) and apartment ($33 billion.)

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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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Outskirts of San Antonio to reap rewards of multifamily development

Renter spending throughout San Antonio contributed nearly $3.5 million to the city’s economy in 2013, according to a study released by the National Apartment Association and the National Multifamily Housing Council.

So it appears that if you build it, they will come. And then spend a lot of money, as apartment development takes place particularly in the Far West, Far Northwest and Far North San Antonio.

Read More Here on the San Antonio Business Journal 

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 

Homeownership in Dallas area falls as millennials balk at buying

Dallas-Fort Worth has one of the lowest big-city homeownership rates in the country. We’re counted with the likes of Los Angles, New York City and San Francisco as cities that have the smallest share of owners vs. renters, according to a new Census Bureau report.

At the start of 2015, there were more apartments under construction in North Texas than single-family homes. The DFW area has the fastest-growing apartment market in the country, with more than 30,000 units in the development pipeline.

Read more here on The Dallas Morning News