RDE Capital Group LLC

The Dallas / Fort Worth multifamily market continues to rebalance and work towards stabilization. Vacancy rates are still at a 10 year high at 12% and annual rent growth for the last 12 months remains negative at -1.4% per costar group. 

However, there are only 30,000 units under construction right now, which is an 11 year low. Construction has not been this low since 2014. This is a promising sign for landlords, considering that demand remains high with the market currently absorbing just under 26,000 units. In the last 12 months, 28,430 units were delivered to the market and 25,672 units were absorbed. The gap is closing

Until the market shifts to the landlord, keep watch over your competition and make sure your pricing and concessions are competitive with your competitors. If not, you will get hurt by vacancy.