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!