{"id":2432,"date":"2021-11-22T11:11:29","date_gmt":"2021-11-22T11:11:29","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2432"},"modified":"2024-02-06T10:56:29","modified_gmt":"2024-02-06T10:56:29","slug":"dallas-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-fall-2021\/","title":{"rendered":"Dallas Multifamily Market Report – Fall 2021"},"content":{"rendered":"

Investor Competition Propels Property Values<\/strong><\/h2>\n

Dallas-Fort Worth\u2019s multifamily market<\/strong> continued its upward trajectory<\/strong>, bolstered by a robust economy that continued to attract companies from higher-cost markets. This went hand in hand with accelerating in-migration, which increased rental demand. Rates continued to grow, up by 1.8% on a trailing three-month basis through September, to $1,388. Bucking decade-long trends, the Lifestyle segment led both rent gains and occupancy.<\/p>\n

Unemployment improved to 4.7% in August, outperforming the 5.9% Texas rate and the 5.2% U.S. figure. The employment market posted the third consecutive month of year-over-year growth, adding 211,100 jobs in the 12 months ending in July, for a 3.5% expansion, 100 basis points above the U.S. rate. Leisure and hospitality led gains, up by 66,900 jobs, or 21.3%. Despite the relatively robust overall economy, growth began moderating due to supply chain disruptions and staffing shortages, aggravated by the summer resurgence of COVID-19.<\/p>\n

High material costs and labor shortages softened deliveries, with developers bringing online just 14,509 units in 2021 through September. However, nearly 50,000 units were under construction a the end of the third quarter, the country\u2019s largest pipeline by far. Meanwhile, transactions hit an all-time high, with volume reaching $7.8 billion based on a price per unit that rose to $156,675.<\/p>\n

Read the full Matrix Multifamily Dallas Report-Fall 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investor Competition Propels Property Values Dallas-Fort Worth\u2019s multifamily market continued its upward trajectory, bolstered by a robust economy that continued to attract companies from higher-cost markets. This went hand in hand with accelerating in-migration, which increased rental demand. Rates continued to grow, up by 1.8% on a trailing three-month basis through September, to $1,388. Bucking […]<\/p>\n","protected":false},"author":650,"featured_media":2433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221],"class_list":["post-2432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021"],"yoast_head":"\nDallas Multifamily Market Report - Fall 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Dallas-Fort Worth\u2019s multifamily market continued its upward trajectory, bolstered by a robust economy that continued to attract companies from higher-cost markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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