Provided by: O'Connor & Associates
Date Added: Feb 2007
In Dallas/Fort Worth, the remains of Hurricane Katrina are still being felt. This is according to the fourth-quarter apartment update reported by O'Connor & Associates, the Houston-based real estate consulting firm and leader in apartment market research data in Texas. The report tracks the growth of apartment living in the Dallas/Fort Worth and surrounding areas. Dallas/Fort Worth area apartment occupancy also fell from last quarter, down 0.66 points overall. On average, apartments in Dallas/Fort Worth show an 89.68 percent occupancy rate. This is the first time since the second quarter of 2005 the occupancy rate fell below 90 percent.