• In an occurrence similar to the other markets, the metrics for the Dallas/Ft. Worth area multifamily sector were positive in May while not recording any significant change over April.
  
  
• Occupancy for Class A and Class B remained over 94% and 92%, respectively.
  
  
• Net absorption was positive overall with only Class C properties recording negative absorption of 40 units.
  
  
• Rental rates per square foot were unchanged over April and rental rates per unit did not see significant improvement for any of the classes.
  
  
• Out of the 27 projects that are underway in the current construction pipeline, 78% are Class A projects.
  
  
• Pre-leasing has started in over 22% of the 6,797 units that are in the pipeline.

Dallas/Ft. Worth Apartment Market Key Metrics

Occupancy	91.09%
Monthly Change	+ 0.04%
Annual Change	+ 1.91%

Rent / Unit	766.16
Monthly Change	+ $0.080
Annual Change	+ $7.11

Rent / SF	$0.895
Monthly Change	-
Annual Change	+ $0.007

Dallas / Ft. Worth posted absorption in May of positive 219 units, bringing the annual total to a positive 14,128 units. 6,797 units are under construction, while 5,225 units are in the planning stage.

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