No Evidence of Any Recession for the Dallas Apartment Market via ReisReports

Evident signs of the recession have long since vanished from the Dallas area apartment market as the convergence of growing strength in economic fundamentals and persistent troubles in the single-family market provides a strong demand flow. Nearly all recession-related job losses have been redeemed thanks to high rates of population in-migration, a diverse economic base that includes substantial energy, high-tech and distribution components, and expanding and relocating businesses in the Dallas area. Absorption numbers, accordingly, have been very high; vacancy now at its lowest level in about a decade has declined sharply; and rents show strong annual gains with even larger ones expected. With demand fundamentals as strong as they are, the coming increases in construction, which are not excessive, do not appear to threaten the good health of the market.

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