Dallas-Fort Worth’s apartment market turned its back on the pandemic with a surge in third quarter leasing activity.
Net apartment leasing in North totaled almost 9,000 units – the most of any U.S. metro area, according to the latest survey by RealPage.
Leasing more than doubled from the 3,832 net apartment total in the previous quarter, which reflected the worst of the COVID-19 shutdown.
“The key story line for the country as a whole is that demand has bounced back in a big way from the weak level seen in the Spring, with Sun Belt markets leading the way,” said Greg Willett, chief economist of the Richardson-based apartment industry service firm. “Dallas-Fort Worth is the nation’s top apartment demand center once again, with the quarterly increase in the number of occupied apartments coming in at 8,957 units.
“That demand total is just a hair under the 9,504 units absorbed in