Apartment Demand Drives Performance in Dallas/Fort Worth
Posted March 13, 2017
Dallas/Fort Worth has absorbed more units during this economic cycle than what’s in the entire apartment stock of many markets. The big demand numbers in North Texas pushed occupancy to an all-time high in the second half of 2016, spurring rent growth to levels well beyond the previous cycle’s peak. A big factor in the Dallas/Fort Worth demand figures has been construction activity. As builders have brought more product, renters have filled it. But as construction remains at levels not seen since the 1980s, what impact will supply have on the market going forward? MPF Research economists discuss the Dallas/Fort Worth outlook in this edition of Apartment Market Dynamics.