RDE Capital Group LLC

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%.

Despite strong renter demand, with 27,238 units absorbed over the past 12 months, the market continues to grapple with elevated supply. A total of 37,457 new units were delivered during the same period, outpacing absorption and keeping vacancy rates elevated.

However, the supply pipeline is beginning to slow. Currently, 29,000 units are under construction—less than half the 2023 peak of 64,000. As deliveries moderate, vacancy is expected to begin stabilizing toward the end of 2025 and into 2026.