Dallas Multifamily Market Report – March 2025

Market Overview

Dallas–Fort Worth continued to face pressure in Q1 2025, recording its eighth consecutive quarter of negative rent growth at -0.7% year-over-year. The region is still absorbing a historic supply wave, with over 34,000 units delivered in 2024 and 30,000 more still in lease-up. Class A vacancy rates remain elevated, with 6–8 weeks of free rent common across new developments. However, signs of stabilization are emerging: occupancy inched up 10 basis points to 91%, and absorption closely matched new deliveries. While Class A continues to struggle, Class C is seeing early signs of recovery, buoyed by strong in-migration and affordability constraints in the for-sale housing market.

About Yardi Matrix

Yardi Matrix is an industry-leading data and research platform that provides granular insights into the U.S. multifamily, office, and industrial sectors. With detailed property-level tracking and nationwide coverage, it serves institutional investors, developers, and operators seeking accurate, real-time market intelligence. Yardi’s multifamily reports break down key metrics like rent trends, occupancy rates, development pipelines, and ownership data—making them an essential tool for navigating markets like Dallas–Fort Worth, where supply cycles and investor strategies continue to evolve.

‍