Though slumping oil prices will continue to temper momentum, Marcus & Millichap says the Metroplex’s diversified economy will still record strong job growth this year, driving apartment demand and keeping vacancy at historically low levels.
Thousands of luxury apartments are slated for completion this year, the firm said in its first quarter 2015 market report, specifically in the Intown Dallas, Oak Lawn/Park Cities and Richardson submarkets, where several companies are relocating and expanding.
Read more...Dallas Multifamily: Diversified Economy to Drive Apartment Demand via Real Estate Center at Texas A&M
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