(To read more on the multifamily market, click here.)
DALLAS-The region's multifamily market has hit its highestabsorption level in six years on its midyear reading and bestquarterly accounting since Q3 2003, according to a just-releasedreport.
Net absorption was 90% higher than a year ago, says WayneWilliams, president of ALN Systems Inc. in Carrollton. His team'sanalysis shows 8,543 apartments were absorbed on a net basis sincethe year began, of which 4,445 were leased in the second quarter.The activity has been unparalleled since third quarter 2003 when5,666 units were absorbed, according to ALN's data. The breakdownshows complexes built between 1987 to the present took down about7,300 units.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
