Market Report
Dallas-Fort Worth Multifamily Market Report
2025 Investment Forecast
Dallas-Fort Worth’s Status as the Country’s Forerunner
for Expansion Supported by Robust Demographics
Sturdy renter base supports demand for another influx of new units. The metro will lead the country in completions this year. Submarkets on the far north end of the metro will receive the bulk of these deliveries, led by the Allen-McKinney area, where over 8,000 new units will be added by year-end. Offsetting this robust supply addition is the top household formation rate in the nation, as 67,600 new households will be formed here in 2025. Many young professionals are flocking to Dallas-Fort Worth to join a growing job market backed by multiple Fortune 500 companies headquarters, including AT&T, Charles Schwab and Southwest Airlines. Composing nearly one-third of local employment, traditionally office-using jobs support demand for luxury apartments. Last year, Class A vacancy declined marginally despite a record number of new apartments coming online. Dallas enters 2025 with slightly lower vacancy than Fort Worth in the luxury segment, even with triple the inventory size. As supply additions wane, Class A vacancy will begin to fall back toward the 10-year average in the five percent band.
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