D-FW apartment leasing is growing but at a slower pace than new units are opening.
, said his firm is also seeing an uptick in demand. “Across our portfolio in D-FW, we saw a slight increase in traffic in the second quarter compared to previous years,” Sylvan said.“We are still seeing strong demand, but we are also seeing the back door open up more — especially those falling behind on their rent,” said Tom Huth, president ofPalladium USA hasLess than 7% of D-FW apartments were vacant at midyear — that’s up only slightly since before the pandemic.
Parsons said the strong quarterly leasing totals contradict some forecasts that the apartment market was headed for a downturn in some fast-growing metros. But the flood of new rental units on the way in D-FW and other metro areas will hold down rent increases, Parsons predicts.
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