Oak Cliff, along with the West Dallas restaurant community of Trinity Groves, experienced a yearly apartment rental rate growth of 12.6% over the past three months — the largest increase experienced among all of DFW’s 37 submarkets, according to ApartmentData.com. After Oak Cliff and Trinity Groves, the hottest rental markets in terms of rent growth were East Fort Worth/Woodhaven/I-30 (10.1% increase), Grand Prairie (9.6%), Allen/McKinney (8.3%) and North Dallas/Addison (9.7%), the report said. The entire DFW apartment market now hovers at a 91.5% occupancy rate, with the average price per month hitting $1,136, ApartmentData.com said in its June report.
Publication: Business Journal