DFW Market is Hot

Written July 23rd, 2012 by

DFW Multifamily Real Estate is Red Hot.  Please find some great updates from MPF Research:

Occupancy is >94% for the first time since the end of 2007.

  • Up 1.4% Year-On-Year
  • Class A/B are very full and raising rents
  • This is pushing occupancy up in the lower end of the market
Growth is pushing into the lower end of the market
  • Far East Dallas = 4.1%
  • NW Dallas = 3.6%
  • South Dallas = 3.2%
  • Carrolton, Farmer's Branch, Addison = 2.8%
  • Irving = 2.4%
  • Hurst / Euless / Bedford = 2.3%

Rent hikes ~4.5% Year-on-Year each of the last 3 quarters

  • Dallas ranked one of the top 5 markets in the South
  • East Dallas = 16.4%
  • Oak Lawn = 8.1%
  • Grapevine = 7.6%
  • Intown Dallas = 7.3%
  • Frisco = 6.7%
It is a great time to be invested in multifamily real estate in Dallas!
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