• 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 Key Metrics

Occupancy	91.63%
Monthly Change	-0.09%
Annual Change	+1.49%

Rent / Unit	$769.88
Monthly Change	+$1.56
Annual Change	+$6.63

Rent / SF	$0.899
Monthly Change	+$0.001
Annual Change	+$0.007

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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