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Dallas Multifamily Market Sets Pace for National Recovery
September 14, 2021 · By The Multifamily Group
Dallas-Fort Worth has long been a bellwether for national multifamily markets, and the post-pandemic recovery has been no exception. The DFW metro absorbed more apartment units in 2021 than any comparable period in recent history, driven by in-migration from California, the Northeast, and other high-cost states.
Key Drivers
- Population growth: DFW added approximately 120,000 residents in 2020–21, the most of any metro nationally.
- Job diversification: Finance, technology, and logistics have joined energy and real estate as employment pillars.
- Supply pipeline: While deliveries are elevated, absorption has kept pace in most submarkets.
Investment Implications
Cap rates compressed 50–75 basis points across Class A and B assets in DFW during 2021. Value-add opportunities remain available in older suburban submarkets where rents are still 20–30% below Class A comparables.
TMG's DFW advisory team closed over $200M in multifamily transactions in 2021. Contact us for current market intelligence.