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Some analysis of the luxury apartment market in Dallas. 1. Giant luxury apartment building opened in October 2018. 2. It has 15 non-parking floors. Maybe 15-20 apartments per floor. 3. 137 vacancies listed on their website.pic.twitter.com/NCfekYWZYi
if you live nearby, check it a couple of nights during the week to see whether this is roughly right (based on % dark) You never know with RE ppl, could be advertising higher availability to get people to inquire
I have. Based on that metric there are even more vacancies. Fwiw, the buildings in the area collude to keep prices high. I don't see how the developers/bank don't get boned on this one.
Agreed. It seems like all the apartment buildings in the area collude to keep rents high.
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