RDE Capital Group LLC

New Multifamily Construction Continues to Slow in Dallas-Fort Worth

As of June 2025, there are approximately 26,000 multifamily units under construction in the Dallas-Fort Worth market, according to Costar Group. This marks a sharp decline from the peak in 2023, when construction activity reached 64,000 units.


The pullback in new development reflects a shifting market landscape characterized by elevated vacancy rates—now at 12%—and negative rent growth, currently at -1.1%.



Developers are increasingly hesitant to break ground on new projects due to high financing costs and the underperformance of existing assets, both of which are dampening confidence in the near-term outlook.

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By Enrique Arjona June 30, 2025
Interesting Insight:
By Enrique Arjona June 23, 2025
INTERESTING INSIGHT
By Enrique Arjona June 13, 2025
The Dallas–Fort Worth multifamily market posted a vacancy rate of 11.7% in May 2025, according to Costar Group—well above the 10-year average of 8.5%.
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