Dallas/Ft. Worth Real Estate Trends is prepared for investors, lenders, brokers, developers, management companies and other industry professionals to provide transaction data and insights into market trends. The newsletter covers significant transactions and economic and financial news for Multifamily, Retail, Office, Industrial, Single-family and Vacant land.
Apartment market occupancy in the Dallas/Fort Worth area stood at 92.99% in April 2014, an increase of 0.05% compared to the adjusted figure for the previous month according to www.oconnordata.com, O’Connor & Associates data. Overall rents stood at $0.956 per square foot, an increase of $0.001 per square foot from March 2014. Rental rate increased by $0.001 per square foot for Class A and Class B properties from previous month. Rental rates increased by $0.002 per square foot for Class C and Class D properties, when compared to previous month. Average rental rate per unit stood at $816.002 per unit, an increase of $0.54 per unit from previous month. Pre-leasing is currently underway in one community (123 units) out of the 38 total properties (10,206 units) in the construction pipeline city-wide.
Read more...Dallas / Ft. Worth Real Estate Trends - May 2014
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