Matrix Multifamily Dallas Report-March 2024 March 28, 2024

Dallas Rents Decline

Metroplex rents fell for the fifth consecutive month in January, down 0.5 percent on a T3 basis to $1,523, while the U.S. average declined 0.2 percent to $1,710. The market was impacted by substantial supply, which outpaced solid demand from strong employment growth.