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.
See the submarkets in Dallas and Fort Worth including Uptown/Oaklawn/Highland Park and Northwest Fort Worth/Saginaw/Eagle Mountain in the full report.