Wednesday, October 2, 2013
New Research on Apartment Development in Texas
According to GlobeST, Dallas is notwithstanding a surge of new apartments that should be here by the end of the year. Axiometrics, which is located in the local area, noted on Tuesday that the national rent growth grew slightly during the third quarter.
Axiometrics did report concerns about oversupplying a metropolitan area due to new deliveries increasing greater than the demand or job growth. Although, throughout 2013, the new apartments are expected to be developed in a more broad fashion and help encompass a more established suburban region.
According to the research firm, predictions have been made saying that investors and developers will show a reduced rate of development until they see new supply consumed by the market.
To read more about this topic, visit GlobeST.
at 5:01 PM