According to MPF Research, DFW leads the nation in apartment construction with 17,792 units underway, Making DFW one of the few markets where construction levels top the local ten-year average of 13,469 units.
The DFW apartment market should continue to grow in the year ahead, with apartment occupancy remaining near 94 percent through the end of 2013. However, the rate of growth is expected to slow down as the housing market continues to recover.
The biggest share of the apartment construction in North Texas is in Dallas’ center city markets — including Uptown and downtown — and in Las Colinas, Addison, Carrollton and Farmers Branch.
Read more...DFW apartment trends 3Q 2012 via Real Estate Center at Texas A&M University
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