Q1 2025 | Dallas-Fort Worth Multifamily Market Report

Market Overview

The Dallas–Fort Worth multifamily market continued to show signs of stabilization in Q1 2025. Occupancy rose to 93.5%, marking the tenth consecutive quarter of slowing construction activity and aligning with steady job growth and sustained in-migration. Class A properties led in performance, with a 93.9% occupancy rate. The pullback in new deliveries—down to 8,732 units this quarter—helped absorption keep pace, while average monthly rent ticked slightly down to $1,486. Despite ongoing economic uncertainty, the metro’s fundamentals remain solid, pointing to a more balanced market as developers tread cautiously and demand stays consistent across submarkets.

About Colliers

Colliers is a leading global real estate services and investment management company operating in 70+ countries. Known for its enterprising culture and data-driven insights, Colliers provides advisory services across the real estate lifecycle, including research, valuation, leasing, and capital markets. With more than 23,000 professionals worldwide, the firm delivers expert market intelligence to help clients make informed decisions. Their multifamily market reports, like this one for DFW, blend deep local knowledge with macroeconomic analysis to track occupancy, rent trends, and development activity in key metro areas.

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