Dallas Submarket Shows Big Rent Gap Between Victory Park and Deep Ellum
Effective rents in two neighbouring Dallas entertainment districts differ by $891 per month despite sitting just two miles apart in the same submarket.
FTMQ Real Estate, written by our newsroom0 views
A notable rent gap exists inside the Intown Dallas submarket between two nearby entertainment districts, according to reports by the RealPage Blog and CRE Daily. Effective rents in Victory Park average $2,674 per month with an occupancy rate of 95.6 percent. In contrast, rents in nearby Deep Ellum average $1,783 per month with an occupancy rate of 91.9 percent. [1][2]
The RealPage Blog reported that the price difference creates an $891 monthly gap between the two locations, which are situated about two miles from each other on opposite sides of downtown Dallas. The overall Intown Dallas submarket average rent stands at $2,243 per month, a figure that the RealPage Blog noted describes neither individual district accurately. [1]
The two neighborhoods represent two distinct demand pockets out of six identified across Dallas, the RealPage Blog reported. Although both areas are built around entertainment and draw visitors from across the region, they embody very different rental demand dynamics. [1]
In short
- Victory Park average effective rent is $2,674 per month with 95.6 percent occupancy.
- Deep Ellum average effective rent is $1,783 per month with 91.9 percent occupancy.
- The rent difference between the two Intown Dallas districts is $891 per month.
- The overall Intown Dallas submarket average rent is $2,243 per month.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]The $891 Rent Gap Inside One Dallas SubmarketRealPage Blog, 1d ago (the report this story comes from)
- [2]Victory Park Rents Top Deep Ellum by $891 in DallasCRE Daily, 2d ago
Background
- [3]Babygirl on Wikipedia
- [4]Charlotte, North Carolina on Wikipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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