During the first three months of the year, renters absorbed6,520 apartment units, the best quarterly demand performance seensince fall 2007. The number of occupied apartment climbed 9,970units between March 2009 and March 2010.
MPF Research vice president Greg Willett attributes theimprovement to the corresponding improvement in the local economy,along with a large influx of people who have moved to the Metroplexover the past several months.
"Despite the fact that Texas lost jobs last year, Dallas/FortWorth had an in-migration of 100,000 people," Willett notes. "Wecontinue to attract new households because the job prospects, andonce we get in the upside of the cycle, the recovery will becomparatively fast. It doesn't ease the pain so far, but it doesposition us better moving ahead."
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