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Pandemic hammers D-FW apartment market

from The Dallas Morning News

Pandemic hammers D-FW apartment market The Dallas Morning News Apartment demand in North Texas is taking a big hit from the COVID-19 pandemic. Net leasing in Dallas-Fort Worth in the second quarter was less than a third of what it was a year ago. D-FW net apartment leasing totaled only 3,832 units in the just-completed quarter — down from almost 13,000 units a year earlier. Despite the slowdown in leasing, D-FW apartment construction continued at a frantic pace. At the end of the second quarter, 42,270 units remained under construction. READ MORE

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