Monday, September 22, 2014

Fort Worth had top apartment market in August via Sandy Baker

Fort Worth had the top apartment market in the state in August, which marked the city’s best showing in three years, according to a report by Axiometrics, a provider of apartment market research and analysis.

Rents grew 5.6 percent last month in the Fort Worth-Arlington area, compared to 3.7 percent in August of 2013, the report said.

“In the past two months, Fort Worth’s effective rent growth surpassed that of Austin, and then Houston, to take the lead among Texas markets,” said Stephanie McCleskey, Axiometrics vice president of research, in a statement. “Tarrant County landlords will be happy to know their apartment market has been stronger than Dallas’ since March.”

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