Dallas Has Too Many Apartments and Not Enough Folks to Fill 'Em
Says here Dallas has slipped three spots, to the No. 26 position, on a major index that charts national markets' rentals. GlobeSt.com insists all's not lost and that Dallas should see a "modest" rebound in 2009; still, there's a lot of empty inventory sitting around (and plenty more under construction) and not as many folks to fill the units. Which is why M/PF YieldStar is reporting today that the DFW took a massive hit in apartment rentals during the last three months of '08, turning what looked like a plus year into a ginormous minus. --Robert Wilonsky
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