• In December, the Dallas/Fort Worth area multifamily metrics remained essentially unchanged compared to the previous month. Over the year, the metrics recorded significant changes.
  
  
• Overall occupancy continued to record decrease over the month with all classes recording decreases. Occupancy in Class A properties came down by 0.12% compared to November; over the year occupancy has increased by 1.16% to close at 94.54%.
  
  
• The average rental rates per square foot remained unchanged over the month for Class B and Class C properties. Compared to November, the average went up by $0.001 for Class A properties. Over the year, the average for Class A went up by $0.008 to close at $1.094 per square foot.
  
  
• All classes recorded upward changes in the average rental rate per unit compared to November as well as over the year. Class B properties recorded the largest change over the year (up by $6.68) to close at $703.38 per unit. The average for Class A properties increased by $5.46 per unit to close at $1,038.07 per square foot.
  
  
• 12,023 units are in the construction pipeline; pre-leasing is underway in 1,217 units spread over eight projects.

Dallas/Ft. Worth Apartment Market Key Metrics

Occupancy	91.39%	Rent / Unit	$770.37	Rent / SF	$0.900
Monthly Change	-0.10%	Monthly Change	+$0.17	Monthly Change	-
Annual Change	+1.29%	Annual Change	+$5.48	Annual Change	+$0.007

Absorption in December was negative 625 units, bringing the annual total to a positive 9,023 units. 3,799 units are in the planning stage.

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