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Why Fort Worth's Seeing Such Amazing Rent Growth
October 20, 2014
Traditionally lower rents and a growing amenities base are part of Fort Worth's success story, says Axiometrics VP Jay Denton (working behind the caution tape listening to Monster Mash, we presume). In the Fort Worth-Arlington metro, last month's effective rent growth hit 5.8% (national average is 4.3%) and occupancy at 95% (national is 95.1%). The Fort Worth metro has only 2,114 units slated for delivery in 2014 (1,499 delivered to date). Thanks to continued job growth, Fort Worth will continue effectively absorbing the new supply coming online, and look for apartment developers to be taking a more appreciative look at Cowtown, Jay says.
