Dallas Multifamily Market Sees Continued Demand

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Apartment deliveries expected to remain high through 2021.

Multifamily Executive (January 10, 2020) — The Dallas-Fort Worth market has delivered 148,433 new multifamily units total since early 2010, according to data from RealPage’s Q3 2019 report. Metro Dallas accounts for the majority of this new development, ranging from 75% to 85% from quarter to quarter.

The average rent in metro Dallas is $1,207, while Fort Worth’s average rent is $1,071. Rent growth slightly trails the U.S. average at 2.9%. Occupancy for stabilized properties stands at 95.5%, below the 96.3% national average.

Read more at: Multifamily Executive

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