4
| News |

Apartment Livin' Large in Dallas-Fort Worth

^
Keep Dallas Observer Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Dallas and help keep the future of Dallas Observer free.

The annual M/PF YieldStar Texas Apartment Markets Conference took place yesterday at the Adam's Mark Hotel in downtown Dallas; good God, dunno how we missed that one. Thankfully, GlobeSt.com has a recap, which says, in short, things are lookin' good for in the multifamily biz throughout the state: "If expert predictions are on target, there are no dark clouds for Texas in the coming year despite continued threats from the subprime market and recession indicators." And when it comes to Dallas and Fort Worth's apartment markets:

Dallas' 394,943 units are 94.3% occupied; Fort Worth's 144,501 apartments are 93.7% filled. Dallas' average rent is $745 per month and Fort Worth's is $667. In 2008, effective rent growth is predicted to be 2% to 3% across the region. There are 13,200 units under construction region-wide, but ongoing teardowns are building in balance to the market.

"Ongoing teardowns." Why do I think that's the real story here? --Robert Wilonsky

Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the Observer community and help support independent local journalism in Dallas.

 

Join the Observer community and help support independent local journalism in Dallas.