Tuesday, October 29, 2013

Middle-Market Apartments in Fort Worth Post Big Rent Growth via Property Management Insider

Fort Worth, which very rarely makes the list of the country’s stronger apartment rent growth performers, is logging impressive numbers right now. Annual price increases for new leases reached 3.9% as of 3Q, topping the national norm of 3.2%.

The key story in Cowtown’s strong momentum lies in middle-market product, particularly the metro’s very large base of 1980s-era units. These communities posted rent growth averaging 5.0% during the past year. In the submarkets where this 1980s-vintage product niche is especially large, rents went up 6.9% in Southwest Fort Worth, 5.3% in Arlington, 4.1% in East Fort Worth, and 4.0% in Hurst/Euless/Bedford.

Read more...Middle-Market Apartments in Fort Worth Post Big Rent Growth | Property Management Insider

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