Wednesday, July 30, 2014

DFW's top 10 submarkets for apartment growth via Dallas Business Journal

The Dallas area has been outperforming the national average for rental property growth, which is up nearly 3.9 percent in June year-over-year.

And developers are jumping on board, delivering the third biggest supply of new apartments in the U.S., according to data from Axiometrics, a Dallas-based analytics firm that tracks the nation's apartment housing market.

"If you include Fort Worth, we'd hop over Houston," Jay Denton, vice president of research for Axiometrics, told the Dallas Business Journal."This is one of the top markets for deliveries and we're seeing strong rent growth. We are developing 11,000 to 13,000 new units a year and barely satisfying demand."

Read more...DFW's top 10 submarkets for apartment growth - Dallas Business Journal

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