Dallas Loves its Apartments
Yesterday, Carrollton-based M/PF YieldStar -- which keeps an eye on the apartment-leasing and building biz across the country -- got together with folks in that particular industry and gave them the good news: The state of the multifamily bidness in the DFW is strong, when it comes to both occupancy rates and rent prices, which are going up in the area. Indeed, reports GlobeSt.com today, "The US occupancy was 95.2% at the 2007 close. In Dallas/Fort Worth, it was 94.1%. Rent growth was 3.5% nationwide; 4% in D/FW." Of course, says YieldStar's VP of research and analysis, that could all change real quick if "the US economy goes into complete meltdown." Ya think? --Robert Wilonsky
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