Dallas Tops All Others in Apartment Leasing for the Past Two Quarters
Apartment leasing for Dallas in the last two quarters has been the highest it has been in almost twenty years. Dallas also has the highest apartment rentals compared to any other metro are in the country.
The Dallas Morning News states “The Richardson-based apartment industry service firm said that more than 280,000 apartment units were net leased nationwide during the prime rental season between April and September. That was the second-highest leasing volume ever recorded for the period and the largest total since 1997.”
Job growth in Dallas has played a key factor in the demand for apartment leasing. Rents however have only risen about three percent from this time last year.
Dallas is the top market in the country for apartment leasing and trailing not so far behind is Houston with only about two thousand units less. Comparing numbers from previous years there is a significant increase in units overall.