Dallas–Fort Worth, TX Multifamily Market Report | Colliers | Q4 2025

Market Overview

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Dallas-Fort Worth closed Q4 2025 with construction activity contracting for the 13th consecutive quarter, bringing units under construction down to 42,702 with just 8,115 expected to deliver over the next year. Despite the thinning pipeline, occupancy slipped further to 93.1%, reversing the recovery seen in prior quarters and declining across all property classes. The market is working through a substantial backlog of recently delivered supply, keeping near-term occupancy under pressure even as new starts pull back. With deliveries expected to continue declining, the setup for gradual rebalancing remains intact as existing inventory works through lease-up.

‍About Colliers

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Colliers is a global real estate advisory and investment management firm serving owners, operators, and investors across major U.S. markets. Their Q4 2025 Dallas-Fort Worth multifamily report tracks occupancy, rents, absorption, deliveries, and construction activity to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.