Dallas-Fort Worth multifamily market in search of rent recovery in 2025

“The Dallas-Fort Worth multifamily market is beginning the year with rent growth underwater for the second year, reporting negative 1.5% over the past 12 months.

Last year was marked by record-setting construction completions, with builders adding 41,650 units in Dallas-Fort Worth. While demand impressed, it fell short of supply with 30,068 units of net absorption: the difference between move-ins and move-outs. In turn, overall vacancy rose 80 basis points to 11.2%, the highest rate in 20 years.“