Apartments in Dallas In Demand
The Dallas apartment market is the hottest it’s been in two years, says a new report from MPF Research Inc. Dallas apartment occupancy spiked by 6,520 units, and the increase in renting activity leads many to believe that the economy is starting to pick up in the Dallas-Fort Worth metroplex.
In the Dallas apartment market, the most active regions were West Plano-Frisco, Lewisville and South Arlington.
And Now the Other Side of the Coin
However, the news comes with some caveats. Average Dallas apartment rents are down 4.7 percent in the last year. Obviously, landlords and apartment managers are discounting their properties to keep Dallas apartment occupancies high. More than 60 percent of Dallas apartment landlords are offering incentives like free rent for the first month or even two.
MDF puts Dallas-Fort Worth vacancy rates at a bit over 10 percent, and in some Dallas-area neighborhoods, new construction has bumped up the surplus of housing, with 2,933 new units landing on the market in the first three months of 2010 and 9,000 in the works.
Rent a Dallas Apartment
However, after those units open, the Dallas apartment market will tighten for awhile. Combined with North Texas’ population growth – which led the nation in the last census – Dallas apartments might be a seller’s market in the next few years. If you’re looking for a Dallas apartment for rent, you might want to lock up a good deal while you can still find one.
If Dallas isn’t your town, you can also search for a Seattle apartment, a Phoenix apartment, an Austin apartment, or find an apartment anywhere in the country using our simple apartment-finding tools! In fact, finding an apartment with ApartmentSearch can earn you up to $200 in renter rewards. Try a search now and see where you could be living tomorrow!
Austin apartments are enjoying a great market right now–ask anybody. UT’s student newspaper, The Daily Texan, reports a record apartment market in Austin:
“Austin now has the distinction of possessing the strongest apartment market in the state, outpacing other major cities in Texas by several percentage points, according to a report by the Apartment Realty Advisors. By the end of 2006, the occupancy rate in Austin reached nearly 94 percent, compared to roughly 89 percent occupancy in both San Antonio and Dallas/Fort Worth and 88 percent in Houston.
“Not since the most recent building peak in 2001, when 11,665 units reached the market have Austin apartments seen such a a healthy boom. Right now, construction is picking up mainly in downtown Austin, where apartment units from four separate projects nearly reach the 800 mark.”
Austin Apartments: Up-and-Coming Apartment Projects
Trailing downtown Austin, South Austin apartment projects are also on the rise, according to O’Connor and Associates, an Austin apartment firm. Among the big names, SoCo Lofts will contribute 300 brand new units to the growing South Congress neighborhood, and Alexan Onion Creek will add almost 400 new Austin apartments to the Southpark Meadows retail development. The Villages of Bella Vista off of Brodie Lane will match the Alexan’s numbers in the Southwest Austin apartment market.
Pat Jones, an Austin apartment sales director, says, “Right now the economy in Austin is booming…the growth is healthy. Developers will add more units to match the supply with the demand.”
So, if you’re looking for an apartment in Austin, you’re in the right place! Just click below to get started at ApartmentSearch.
What is Wind Power?
Wind power is the conversion of wind energy into a useful form, such as electricity, using wind turbines. Wind energy is plentiful, renewable, widely distributed, clean and reduces greenhouse gas emissions, which is a much better option for the environment. Wind energy has quadrupled in the last seven years globally and is only growing.
What are the Benefits?
The main benefit to switching to wind power is the improvement to the environment. Wind power can displace power from fossil-fueled power plants and help to improve on greenhouse gas emissions that are hurting our environment. On average, the electricity generated in the U.S. results in the emission of 1,341 pounds of carbon dioxide. The electricity generated by U.S. wind farms represents about 6.7 million tons of avoided CO2 emissions. Even by switching only your electricity to wind powered, you are helping the environment.
How Can I Help?
Living in an apartment actually gives you a pretty good opportunity to do something good for the environment. Electricity doesn’t cost you an arm and a leg when you live in an apartment; therefore making the switch to wind powered electricity is totally affordable.
Where is Wind Energy Offered?
Many states offer wind energy. All you have to do is visit your local electric company’s website and see if they offer wind energy. You can also explore other companies in your area if your current electric company doesn’t offer it. Texas is the leading state in wind power, with 3.3% of all the state’s energy coming from wind power. Austin, TX leads the entire country in wind power. If you live in an area that offers wind powered energy, you should definitely look into it.
What is the Cost?
The average retail cost of electricity in Texas is 6.25 cents per kwh. Electricity from wind typically costs between 4 cents per kwh and 6 cents per kwh. According to a case study conducted by the Center for Renewable Energy and Sustainable Technology (CREST), consumers in Texas will only see about a 75 cent increase on their monthly bill from using wind energy. The cost will depend on your area and electric company, but for the most part, an increase will not be significant considering the size of an apartment. This allows you to switch to wind power without hurting your wallet and sit back and enjoy your contribution to the environment!
Check with your local electric company to see if they offer wind energy in your city!