DFW Apartment Market Improves

DALLAS-Demand for apartments in Dallas/Fort Worth is growing as new construction dwindles, according to the latest results from MPF Research.

During the first three months of the year, renters absorbed 6,520 apartment units, the best quarterly demand performance seen since fall 2007. The number of occupied apartment climbed 9,970 units between March 2009 and March 2010.

MPF Research vice president Greg Willett attributes the improvement to the corresponding improvement in the local economy, along with a large influx of people who have moved to the Metroplex over the past several months.