The DFW apartment supply has increased by 3,920 units so far this year. With another 2,260 units expected in the final quarter 2012, full-year completions are anticipated to exceed the 5,290 apartments that came online in 2011.
In third quarter, multifamily permit issuance reached an annualized total of 13,650 units, 9 percent above the previous quarter.
Average vacancy increased 6.2 percent in the past three months with asking rents in the DFW area rising 1 percent to $826 per month in 3Q.
Read more...DFW apartments 3Q 2012: Hendricks & Partners via Real Estate Center at Texas A&M University
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