D-FW apartment leasing picks up as construction declines
While building totals are down, rental unit completions are still outpacing leasing in North Texas.
At the end of the first quarter, 35,237 apartments were under construction in North Texas.(Ashley Landis / Staff Photographer)
Apartment leasing rose in the first three months of Dallas-Fort Worth as construction declined.
Net apartment leasing in the first quarter totaled 4,068 units the strongest demand for the period in more than a decade.
Even with the economic declines that have come during the COVID-19 pandemic, North Texas still led the country in first-quarter net apartment leasing, according to a just-released report from RealPage.
Rent goes up in Inland Empire amid sky high demand
A real estate agent says the rental homes in the Inland Empire is becoming competitive.
ONTARIO, Calif. - Vacancies down, rents up.
The hottest rental market in Southern California is in the Inland Empire. With two bedrooms, two-bathroom homes in riverside for under $2,000 a month, and amenities like a pool and a gym, all those may be enough to someone away from Los Angeles and Orange County. It s super, super competitive, said real estate agent Leticia Sotomayor. It s almost nearly impossible to find your client a rental.
Multiple factors add to the Inland Empire s appeal to its neighbors to the west and the south. There s newer construction and compared to what you would pay in Los Angeles, rent is more affordable in the region. Not to mention with the pandemic, families are working and taking classes from home.