• The Dallas/Fort Worth area multifamily sector continued to record positive changes in the key metrics, in sync with increasing demand* for multifamily housing. (* apartment rates, apartment demand).
  
  
• Occupancy for Class A properties remained over 95% for the second consecutive, while recording a slight decrease compared to August. Occupancy continued to climb in all other classes. Occupancy in Class C properties has gone up by almost 2% compared to last year.
  
  
• The average rental rates per square foot recorded upward changes after remaining flat for two months; The Class A average was up by $0.002 compared to August to close at $1.09 per square foot; on an annual basis, the average is up $0.006.
  
  
• The average rental rate per unit for Class B properties crossed the $700 mark for the first time since June 2009. This represents an increase of $5.39 over last year. The Class A average went up $2.18 over last month to $1,036.54 per unit; compared to last year, the average is up $4.90.
  
  
• 7,791 units are in the construction pipeline, just over 15% of which are currently pre-leasing. 26 Class A communities and eight Class B communities are underway.

Dallas/Ft. Worth Apartment Market Key Metrics

Occupancy	91.72%
Monthly Change	+0.12%
Annual Change	+1.56%

Rent / Unit	$768.32
Monthly Change	+$1.23
Annual Change	+$5.17

Rent / SF	$0.898
Monthly Change	+$0.002
Annual Change	+$0.006

Absorption in September was positive 671 units, bringing the annual total to a positive 11,314 units. 7,388 units are in the planning stage.

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