The rate of North Texas apartment rent growth — already at record prices — accelerated in February. Dallas-area average rents soared 18.7% from a year earlier. ...
The rate of North Texas apartment rent growth — already at record prices — accelerated in February.
Nationwide rents for new apartment leases were up 15.4% year-over-year, the largest such increase on record.The historically large North Texas apartment rent increases are being driven by a tight market and thousands of new high-priced rental units opening their doors. “Across the country, rent growth continues to be driven by a combination of big growth in renter wages, big demand for housing and ultra-low availability,” RealPage analysts said in their latest report.
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