Suburban Dallas Apartment Market - What's new in the Market
Employment Changes
Employment Addition: 0

Employment Reduction: 0

 

Labor Force Data
Employment Labor Force (Thousands - 000)
Industry2012
Dec
2013
Jan
2013
Feb
2013
Mar
2013
Apr
2013
May
2013
Jun
2013
Jul
2013
Aug
2013
Sep
2013
Oct
2013
Nov
2013
Dec
Year Change
Total Nonfarm2,159.92,156.02,152.02,148.02,162.02,174.32,186.62,192.22,198.22,200.02,205.82,210.32,214.32.5 %

 

Source: U.S. Bureau of Labor Statistics:
Metro Division(s): Dallas-Plano-Irving

 


Population - Most Recent Reporting Year
Change
YearPopulation (000)Number(000)Percentage
20103,4481334.0%

Population - Prior Years
Change
YearPopulation (000)Number(000)Percentage
20063,31536112.2%
20002,954--
Source: U.S. Census. Figures for combined counties: Dallas, Denton, Ellis, Hunt, Kaufman and Rockwall
Grandscape Mixed-Use Development
May, 28, 2014
(Dallas Business Journal) Nebraska Furniture Mart Inc. has planned a nearly 1.9 million-square-foot showroom and distribution center at the southeast corner of the Sam Rayburn Tollway and Plano Parkway. The facility is an anchor for 433-acre mixed-use development, called Grandscape. Jeff Lind, chief strategy and development officer, has heard from hotel developers, apartment developers and family-branded restaurants, but is waiting until the distribution center and showroom opens to make any big moves on the larger plans for Grandscape. The company plans to employ about 2,000 people, with about 400 employees transferring from existing stores. The distribution center is expected to begin getting product by this fall, with the showroom opening to customers by spring 2015.

Rental Market
Rental Rates - Summer, 2014
Unit TypeLowHighAvg
One Bedroom$399$2,173$744
Two Bedroom/Two Bath$520$3,840$1,018
Sale Activity
Completed Sales - Sixty Days
# Properties# Units
51224
Completed Sales - Year-To-Year
Period Change
2012/2013 2013/2014 Number Percent
Completed Sales* 50 50 0 0%

* Sales reported are among properties 50 units and larger.
2012/2013 = (23 Oct 2012 - 22 Oct 2013)
2013/2014 = (23 Oct 2013 - 22 Oct 2014)
New Construction
Properties Under Construction19
Units Under Construction5388
Construction Starts, Last 30 days0
Construction Completions, Last 30 days2
Broker Sales
Broker(s)Transwestern
Phil Wiegand
214-446-4569
Property19Twenty
Sale DateAugust, 2014
No. of Units184
Sales Price$9.7mm

Broker(s)Apartment Realty Advisors
Richard Furr
972-420-3103
PropertyParkridge Place
Sale DateOctober, 2014
No. of Units536
Sales Price$NA