RDE Capital Group LLC
Dallas-Fort Worth Multifamily Vacancy Rate at 10.6%
The Dallas-Fort Worth (DFW) multifamily market has seen a notable increase in vacancy rates, reaching 10.6% in June, up from 9.1% at the same time last year in Q2 2023. The primary driver of this increase is the surge in new supply, as numerous new units have entered the market, combined with inflationary pressures that are affecting renters' ability to afford housing. However, despite this uptick in vacancy rates, DFW's multifamily market is positioned to maintain favorable conditions due to ongoing population growth and the recent rise in interest rates, which is curbing single-family home purchases and prompting more renters to remain in the rental pool.
Source: CoStar Group
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