Over the past few months, rental rate growth has also begun to cool. The three-month trailing average at the end of August was 11.7%, which is significantly lower than the 19% average growth seen during 2021, but still much higher than the long-term average of 6%, according to ApartmentData.com.
BISNOW Dallas-Fort Worth (October 3, 2022) - Read The Full Article
As of September, the average asking rent in Midtown hovered around $2,200, about 33% higher than the rest of metro Atlanta, according to estimates from ApartmentData.com.
Atlanta Business Chronicle (September 28, 2022) - Read The Full Article
According to ApartmentData.com, the average rent for an apartment in Nashville in August 2022 is $1,615 per month. That’s up $4 from the July 2022 average, which means a slower rate hike.
The Tennessean (September 25, 2022) - Read The Full Article
Owners, saddled with their own heightened expenses, began charging more per unit, causing rent growth to hit nearly 19% last year, far exceeding the long-term average of 6%, ApartmentData.com President Bruce McClenny said.
Bisnow Dallas-Fort Worth (September 23, 2022) - Read The Full Article
The area apartment market has also been strong, with 1,465 recently opened new apartments in the Conroe/Montgomery submarket, according to ApartmentData.com. While rent in Conroe is lower than in some places closer to Houston, the Conroe submarket saw average rent grow 22% year over year to $1,183 in December 2021.
Houston Business Journal (September 18, 2022) - Read The Full Article
Houston apartment rents have been on the rise, gaining 5 percent over the year in the Montrose/Museum/Midtown submarket, according to ApartmentData.com, a Houston-based market research firm. The submarket experienced a 5.3 percent occupancy gain over the last year.
Houston Chronicle (September 16, 2022) - Read The Full Article
According to a report from ApartmentData.com, the average cost for rent in San Antonio is $1,220 a month.
KSAT.com (September 16, 2022) - Read The Full Article
Close to Buford, Hamilton Mill is predominately known for subdivisions with single-family homes. The average apartment in the area around Duluth, Suwanee and Buford now rents for about $1,700 per month, according to ApartmentData.com. That’s slightly higher than the average for all of metro area, but it’s less costly than the average asking rent in sought-after Intown Atlanta neighborhoods.
Atlanta Business Chronicle (September 15, 2022) - Read The Full Article
Chartwell isn’t the only firm in Nashville investing in apartments. As the city’s population continues to boom, developers see multifamily as a relatively safe investment. Across the Greater Nashville area, 15,400 units are under construction and 32,876 units have been proposed, according to ApartmentData.com.
Nashville Business Journal (September 13, 2022) - Read The Full Article
More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
KHOU (September 3, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
25 ABC KXXV (September 2, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
Fort Worth Business Press (September 1, 2022) - Read The Full Article
Developers of multifamily apartment complexes haven’t slowed down in the way that single-family homebuilders have, Assanie said, which could ease the pressure on renters when those complexes open — though it could take at least a year. More than 55,000 apartment units are under construction in Austin, Houston, San Antonio and the Dallas-Fort Worth area, according to tallies by ApartmentData.com.
The Texas Tribune (September 1, 2022) - Read The Full Article
The market has also seen rental rate growth of 15.4% over the last year, according to a market report from ApartmentData.com.
Nashville Business Journal (August 30, 2022) - Read The Full Article
Starling is one of seven apartment complexes currently under construction in the submarket Houston-based ApartmentData.com defines as Bear Creek/Copperfield/Fairfield, which includes much of the U.S. 290 corridor from Jersey Village to Waller.
Houston Business Journal (August 26, 2022) - Read The Full Article
But with the average rent in the Alamo City topping $1,220 a month in July, according to ApartmentData.com, and inflation near a 40-year-high, low-income students in San Antonio and beyond are disproportionately overburdened by rising living costs.
San Antonio Current (August 25, 2022) - Read The Full Article
The asset type has a low vacancy rate of 7.7% as of this year’s second quarter, according to real estate firm Cushman & Wakefield. Rental rates are also growing; they’ve grown 15.4% locally over the past year, according to an ApartmentData.com report.
Nashville Business Journal (August 23, 2022) - Read The Full Article
In the same time period, rents in Dallas-Fort Worth were up 17.3%, according to ApartmentData.com.
Fort Worth Star-Telegram (August 21, 2022) - Read The Full Article
Local rental rates are up 15.4% over the last year, and the sector’s occupancy rate is hovering around 93%, according to ApartmentData.com.
Nashville Business Journal (August 17, 2022) - Read The Full Article
“Traditional ways of looking at anything are turned upside down,” said Bruce McClenny, president of Apartment Data Services.
Atlanta Business Chronicle (August 17, 2022) - Read The Full Article
