In Q4 2014 the Dallas-Fort Worth Metroplex area multifamily market registered the region’s seventh consecutive quarter with an occupancy rate above 92 percent. According to recent research data from CBRE, in the last quarter of 2014 the DFW multifamily market had a 7.6 percent vacancy rate; 20,116 units under construction; 2,892 completed units; and a net absorption of 754 units.
While in the last quarter net absorption was significantly lower, the market absorbed more than 13,800 throughout 2014. Last year’s value exceeded those recorded in 2012 and 2013 by 1,640 units and 830 units, respectively.
Read more...Market Snapshot: Dallas-Fort Worth Multifamily Market Keeps Momentum for 2015 | Multi-Housing News Online
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