Austin remains the most expensive large Texas city in which to rent, with average rents of $1,437, and also recorded the largest month-over-month rent increase of 0.7%, translating to $10.
In the cities where some form of rent control has been introduced, apartment cap rates have increased over the last year, according to Real Capital Analytics.
Net-lease investments into the Big Apple are up 46.4% year-over-year, and the total volume of net-lease investment is up 8.6% from Q2 2018 at $2.6 billion.
Increasing demand fueled by the 131,800 new residents added between 2017 and 2018 is likely one of the reasons that developers are focused on building such a high number of apartments in DFW.
Cap rates for student housing assets linked to Power 5 universities have had lower cap rates than other Division I schools, but this year pricing has been almost the same.