Rent Concessions Increase Apartment Occupancy in Dallas/Fort Worth Metroplex

DALLAS, TX — Occupancy rates in the two major cities of the Metroplex are expected to merge this year for the first time since 2003, according to a third-quarter Apartment Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.

In Fort Worth, vacancy has begun to decline in response to rent adjustments by local owners. In Dallas, meanwhile, development is surging, with more deliveries on the way in the second half of the year.

“Local buyer activity will set the tone for the investment market during the next six months as some buyers move off the sidelines,” says Tim Speck, (top right photo) regional manager of the Dallas office of Marcus & Millichap.


For additional information on the Dallas market, please contact Stacey Corso, Communications Department, (925) 953-1716.