Friday, October 22, 2021
63.7 F
Fort Worth
970x250_DM_Leasing

DFW apartment market expected to moderate in 2017

🕐 1 min read

A strong Dallas-Fort Worth apartment market may have a negative impact in 2017, according to newly released information from Axiometrics, a Dallas-based apartment and student housing market research firm.

“DFW has been one of the few markets to maintain its strength in the past year as moderation hit the nation as a whole,” said Jay Denton, the firm’s senior vice president of analytics, commenting in a news release.

But the new supply is expected to reach its peak for the current cycle in 2017 as demand in terms of job growth remains steady, Denton said.

“It’s that influx of new construction that could cause rent growth to decrease,” Denton said.

Average rent in the Fort Worth area rose from $962 in November 2015 to $1,017 in the same month this year. Meanwhile, Dallas’ average rent rose from $1,081 to $1,127 in the same period.

November occupancy rates in the Fort Worth-Arlington area stood at 95.4 percent, unchanged from November 2015 to the same month this year. The same period saw occupancy drop slightly in Dallas, from 95.4 percent to 95.0 percent.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate