Dallas-Fort Worth apartment rents continue to rise thanks to strong demand, according to a third-quarter report from MPF Research.
Rents for new leases rose 1.4 percent from July to September, taking the annual rent growth to 3.9 percent, MPF said. Average rents in North Texas reached $903 a month during the quarter, the report said.
Rents in downtown Fort Worth average $1,600 a month, compared with $1,800 in downtown Dallas. Some new suburban properties are commanding $1,200 a month on average, the report said.
Read more...Demand keeps apartment rents rising in North Texas | Business | Dallas Business, Texas B...