Market Summary
* The Dallas/Fort Worth area multifamily metrics continued to remain mostly positive.
* Occupancy came down for all Classes except Class D; Class A occupancy came down by 0.19% to close at 94.86%, after two months of remaining over 95%. The Class B average continued to remain just under 93%.
* The average rental rates per square foot increased marginally across all classes. The Class A average closed at $1.093 per square foot and the average for Class B stood at $0.861 per square foot.
* The average rental rate per unit for Class B properties continued to climb, increasing by $2.60 to close at $702.89, while the average for Class A properties improved by $1.56 to close at $1,038.10 per unit.
* 8,277 units are in the construction pipeline, of which eight projects are pre-leasing. Two of these eight are Class A projects.
Dallas/Ft. Worth Apartment Market Key Metrics
Occupancy
91.63%
Monthly Change
-0.09%
Annual Change
+1.49%
Rent / Unit
$769.88
Monthly Change
+$1.56
Annual Change
+$6.63
Rent / SF
$0.899
Monthly Change
+$0.001
Annual Change
+$0.007
Absorption in October was negative 397 units, bringing the annual total to a positive 10,380 units. 7,691 units are in the planning stage.
The Market Research and Consulting division of O'Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments.
Investment property decision makers rely upon O'Connor & Associates' Market Research and Consulting division for both market data and construction services. Data regarding individual properties, submarkets, construction, absorption, and rental rate and occupancy trends provides the information needed to make prudent decisions.
Market research services include both data and consulting services. Quality and timely market data has markedly increased the transparency of real estate markets. This provides developers, investors and lenders with information to make informed decisions.
Timely and accurate real estate market data increases transparency for real estate markets. It also helps to dampen the amplitude fluctuations. Oconnordata rental databases are updated monthly or more often if information becomes available.
Quality real estate market data provides decision makers the information to make informed decisions. O'Connor & Associates has been providing market data since 1988. Timely, accurate real estate data also provides the information our real estate appraisers, consultants, and property tax consultants need.
Lenders, appraisers, developers, investors, tenants and real estate brokers are just some of the real estate professionals who regularly need real estate market data. They seek timely raw data and summary statistics regarding the market and submarkets. O'Connor & Associates has been providing this information since 1988.
Regularly updated primary market data is the basis for quality real estate market data. It provides the basis for market analysis including absorption, rental rate trends and occupancy rate trends.
This capacity to research, analyze and interpret market trends and the impact of specific transactions is a major reason for why developers and acquisition experts rely on O’Connor & Associates for
real estate market studies,
real estate market research, feasibility studies, rent studies, tax credit studies, project design guidance, property performance evaluation and lease audits.
