A huge demand for new apartments in North Texas has pushed rents and building occupancy levels to an all-time high.
Dallas-Fort Worth apartment rents jumped by an average of 7.1 percent in the third quarter from a year ago. Previously rents in the area had never seen an average annual increase of more than 5 percent, according new data from apartment analyst MPF Research.
Nationwide, apartment rents increased by about 4 percent during the same period, making D-FW one of the top U.S. markets for rent growth.
Read more...What will it cost you to rent a Dallas-area apartment? More than it ever has | Real Estate | Dallas News