By Spencer Brewer – Staff Writer, Dallas Business Journal
While North Texas still leads the nation in apartment construction, economists expect rents to keep soaring as rapid population growth puts continued pressure on supply.
Economists anticipate Dallas-Fort Worth rents will rise 5.3% this year to an average of $1,395 per month, according to Marcus & Millichap’s annual investment forecast report, which utilizes CoStar Group Inc., Real Capital Analytics and RealPage Inc. data.
That would be the region’s second-fastest growth rate in the past six years. The firm doesn’t expect an increase quite as sharp as the 12% seen from 2020 to 2021.
Subscribe for the latest in Fort Worth Construction News
