Dallas-Fort Worth, Texas

The fastest growing multifamily market in the country is Dallas – Fort Worth. Under construction there are around 28,000 rental units being constructed in North Texas.  Matt Segrest, chief executive of Dallas-based Alamo Manhattan Corporation talks about having around a half-billion dollars of projects being developed, and that they are not slowing down. He senses that this construction has a span of a few more years. And there is plenty of capital.

There is increase in population, and job growth is robust. Thus there is a strong demand. And younger people are putting off buying homes. They are not in a hurry to get married and have children.

Nearly 50,000 apartments have been built in the last few years in the D-FW metroplex. Yet, vacancy rates are low – at the end of the 3rd quarter 2014, around 5%.

There are so many factors that show that Dallas is a great market. A good source to immerse yourself into learning about the Dallas multifamily market is Apartment Association of Greater Dallas - www.aagdallas.com

Vice President Greg Willet of MPF Research shows that rents in North Texas have increased around 4% from a year ago. They have a new high of $903 per month. Dallas very new apartments - uptown and downtown neighborhoods now are getting $1,800 to $2,000 per month.

Apartment demand is quite a bit higher than unit completion volume. More apartments would be built if it wasn’t for the shortage of good construction sites and enough workers to erect the construction. The occupancy rate Willett believes will be pretty close to current rates for the following two or three years.

Some specific information on Fort Worth: In the United States, the 16th biggest city is Fort Worth. It is a location with a dedication to downtown revival, urban renewal, and a commitment to make its renowned cultural arts district stand out. In addition, it has Western heritage, major-league sports, and attractions for families. Multifamily rents for Fort Worth soared last year along with increasing nationwide rates. There is no sign of slowing down. This is from MPF Research, a division of market intelligence – part of RealPage Inc. located in Carrollton, Texas.

For a great source to find out more about apartment real-estate in Dallas-Fort Worth, go to https://www.biggerpockets.com/

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• Addison
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• Mesquite
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Fort Worth Suburbs

• Arlington
• Euless
• Southlake
• Grapevine
• Bedford
• Hurst
• Grand Prairie
• North Richland Hills