Texas Multifamily Scaring Up Great Numbers
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It takes a lot to scare Axiometrics president/CEO Ron Johnsey, but Texas apartment stats won't do it any time soon. He tells us the just-released September metrics find Dallas’ annual effective rent growth at 6.1%, Fort Worth’s at 6.5%, Austin’s at 5.1%, San Antonio’s at 3.5% and Houston’s at 3.1%. And Axiometrics’ updated forecasts for 2015 show continued strength for the rest of the year and Houston’s rent-growth rate rising.
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Axiometrics gets the whole office in on the action as they scared up the multifamily stats for us. Freddy Krueger is ready to do some document shredding, if it's needed.