Even with hundreds of apartment units under construction in Bishop Arts and thousands more in West Dallas, the expert answer recently was “not any time soon.”
And Oak Cliff renters also won’t be finding relief from high rents.
Dallas Morning News real estate editor Steve Brown published this as part of a Q&A with readers:
Do you see Oak Cliff rents flat-lining any time soon? There are so many new apartments coming up near Bishop Arts area.
Any close-in neighborhood that has access to restaurants, entertainments and jobs centers is going to see growth. And since 40 percent of the people who live in D-FW are renters, the demand for apartments will continue to soar in places like Oak Cliff, East Dallas and Oak Lawn.