Dallas/Fort Worth Apartment Market Update - July 2007
Despite recording gains in July, Dallas/Fort Worth market occupancy remains toward the lower end when compared to the major Texas markets. Though rental rates were flat over the month, they remain well ahead of average rates in Houston and San Antonio, but still below those found in Austin. Demand for apartment units in Dallas/Fort Worth continued at a healthy pace in July, trailing only Houston of the major Texas markets. Dallas/Fort Worth apartment market occupancy jumped 0.15 points in July to 90.17%; however, area occupancy remains 0.16 points below last year's level. Though rents per square foot were flat at $0.877 psf over the month, they are up $0.007 psf over the last year.