The Dallas/Fort Worth area multifamily metrics continued to remain mostly positive.
Occupancy came down for all Classes except Class D; Class A occupancy came down by 0.19% to close at 94.86%, after two months of remaining over 95%. The Class B average continued to remain just under 93%.
The average rental rates per square foot increased marginally across all classes. The Class A average closed at $1.093 per square foot and the average for Class B stood at $0.861 per square foot.
The average rental rate per unit for Class B properties continued to climb, increasing by $2.60 to close at $702.89, while the average for Class A properties improved by $1.56 to close at $1,038.10 per unit.
8,277 units are in the construction pipeline, of which eight projects are pre-leasing. Two of these eight are Class A projects.
Dallas/Ft. Worth Apartment Market
Rent / Unit
Rent / SF
Absorption in October was negative 397 units, bringing the annual total to a positive 10,380 units. 7,691 units are in the planning stage.
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O’Connor & Associates / Research & Consulting Group