Vintage properties push Dallas-Fort Worth’s multifamily vacancy higher

“The supply-demand imbalance in Dallas-Fort Worth’s multifamily market has pushed vacancy higher over the latest cycle.

However, stabilized vacancy — the vacancy rate for developments that have reached 90% occupancy or were completed 18 months ago or longer — remains stubbornly high for properties developed during the 1980s. These complexes report a stabilized vacancy of 9.9% through the end of the third quarter of 2024, up 360 basis points from the average reported from 2010 to 2019.“