Wednesday, May 27, 2015

CBRE: DFW Multifamily Marketview 1Q 2015


DALLAS-FORT WORTH - According to CBRE Marketview first quarter 2015, 2014’s strong momentum continues into 2015 for DFW’s multifamily market.
In 1Q 2015 over 5,700 units were absorbed, an increase of over 5,000 units from 4Q 2014.
For the fourth consecutive quarter, average monthly rents remained over $1.00 per sf for DFW. The quarter over quarter average rent rose by $0.02 per sf, a 1.7 percent increase. Quarter over quarter, the number of new units in 1Q 2015 decreased by 1,058 units from 4Q 2014.
Across the Dallas/ Fort Worth Market, occupancy increased by 20 basis points to 92.7 percent at the end of 1Q 2015, bouncing back from seasonal decline in leasing activity during 4Q 2014.
DFW Multifamily Market Overview
MarketsProperty
Count
Unit
Count
Mo. Rent
($/SF)
Occ.
(%)
Net
Absorption
Units
Under
Const.
Units
Const.
Delivered
Units
Dallas total1,982455,107$1.0892.74,34713,7712,359
Fort Worth
total
846176,864$0.9692.71,4182,810120
DFW total2,828631,971$1.0692.75,76516,5812,479
See the submarkets in Dallas and Fort Worth including Uptown/Oaklawn/Highland Park and Northwest Fort Worth/Saginaw/Eagle Mountain in the full report.
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