DFW Rents Up $600 Million in 2014, Leading Nation for Leasing Rates

Photo courtesy Charleston's TheDigitel via Creative Commons

Photo courtesy Charleston’s TheDigitel via Creative Commons

DFW rents were 6.2 higher last year, averaging $919 per month, but demand still soared, with North Texas leading the nation in apartment rentals, and vacancies at a 13-year low, according to new real estate research from Zillow and MPF Research.

The increased rent translated to an extra $600 million paid to landlords last year, Zillow reported. For North Texans, that meant a median increase of $35 a month, higher than the nationwide rate of $26.

Rising rents are nothing new, said Zillow Chief Economist Stan Humphries.

“Over the past 14 years, rents have grown at twice the pace of income due to weak income growth, burgeoning rental demand, and insufficient growth in the supply of rental housing,” he said. “This has created real opportunities for rental housing owners and investors, but has also been a bitter pill to swallow for tenants, particularly those on an entry-level salary and those would-be buyers struggling to save for a down payment on a home of their own.”

For 2015, expect more of the same.


Terrific Tudor in Oak Lawn is Colorful, Delightful, and Cozy!

Comfortable and inviting 2 bedroom, 2 bath Oak Lawn Tudor.

This home may not look super cute from the curb, but when you walk inside it is absolutely irresistible! It’s a cute, two-bedroom, two-bath Tudor in Oak Lawn Heights that is so sweet it will give you a toothache!

Not only is it adorable, but it’s also pretty affordable at $415,000. That’s $237 per square foot for a ridiculously cozy home with 1,700 square feet with an absolutely prime location.



Provident’s plan for a multi-family development that is adjacent to the Katy Trail has stirred up the ire of Highland Park leaders, who are now suing the City of Dallas.

As Yogi Berra aptly said, “It ain’t over til it’s over.” That’s certainly the mindset that Highland Park has taken, as the wealthy enclave has filed for an injunction against the planned redevelopment of the Saltillo Apartments in the 4700 block of Cole Ave., which was approved by the Dallas City Council in a 12-3 vote back in August. You can see the full press release from the Town of Highland Park after the jump.


Mayor Rawlings to Kick Off Arlington Hall 75th Anniversary Tomorrow

Perhaps best known as the most sought-after location for Dallas' high-society weddings, Arlington Hall at Lee Park will celebrate its 75th anniversary this weekend.

Perhaps best known as the most sought-after location for Dallas’ high-society weddings, Arlington Hall at Lee Park will celebrate its 75th anniversary this weekend.

Tomorrow, Dallas will celebrate a landmark that has stood the test of time. The jewel of Lee Park, Arlington Hall is one of the most recognizable structures in the Turtle Creek area, and this gorgeous structure will celebrate its 75th anniversary this weekend. To kick things off, Dallas Mayor Mike Rawlings, along with councilmember Philip Kingston and several Dallas officials, will gather on the steps of the storied structure tomorrow at 11 a.m. to celebrate Arlington Hall’s anniversary. A luncheon will follow that will feature a lecture by Director Emeritus of the National Park Service, Gary Scott, who will speak on Arlington House at Arlington National Cemetery, the inspiration for Arlington Hall.

The building, which was designed by notable Dallas architect Mark Lemmon, is a two-thirds scale replica of the Arlington House, which was the home of Robert E. Lee in Arlington, Va. Restored in 2002, this structure was originally dedicated in 1939.

Of course, if you’re not attending the luncheon and celebration tomorrow, you can still go to the open house on Sunday, Oct. 26, where  docents and historians will be on hand to tell the little-known facts of Arlington Hall and its very beginnings in the city of Dallas. The event is from 1:30 – 4:30 and its open to the public.



Sad News: Oak Lawn’s Landmark Monument & Cathedral of Hope, Defaced

Brenda Marks Legacy of Love DefacingPhoto courtesy of Brenda Marks

Update: Let the power be with you! Brandon Meeks of OSME Power Washing Services donated his time to power wash off those nasty numbers. All gone! Anyone need a great power washer for a patio or home? Call Brandon Meeks: he has a big heart, too! [email protected]

You’ve got to wonder, as I always do, what lurks in the brains of people who do stuff like this?

Over the weekend, at least two spots in Oak Lawn, including the Legacy of Love Monument, a landmark for the city’s LGBT community, were defaced with red paint early Sunday morning.

At the Legacy of Love Monument, located at the intersection of Cedar Springs Road and Oak Lawn Avenue, vandals painted the numbers “666”. (more…)

Maple Terrace: How Does a Property Obtain a Historical Designation?

Maple-Corner-ViewI called up David Preziosi, Executive Director of Preservation Dallas, to see if he thought the Maple Terrace might qualify for landmark status to keep it from being swallowed up by a developer who would tear it down.

Does he even think the building could qualify? Yes, he does. (more…)

Tuesday Two Hundred: Fantastic Condo in Walkable Oak Lawn Neighborhood

4111 Gilbert Front

How hot is Dallas? Let me illustrate it for you:

Here’s a gorgeous modern condo in the extremely walkable Oak Lawn area at 4111 Gilbert, also known as the Nineteen Condos. No. 102 is a one-bedroom, one-bath unit in fantastic condition, with 1,098 square feet.

And it’s priced at $207,500.


0509saltillorenderingThis was a surprise, because the developers, Provident, had it coming from two sides.

The town of Highland Park opposed re-zoning for the new 250-ish apartment development because they said a new, larger complex would negatively impact a tiny park called Abbott Park.

Um, from the looks of the existing apartments, which lease for $900 to $1200 a month, they had way more to worry about with the current structure.

Then the Friends of the Katy Trail opposed the new development. They said it was too tall, to0 dense, and the height and 90-foot building was too close to the Katy for comfort.

But the folks at the Oak Lawn Committee prevailed. (more…)