{"id":3744,"date":"2022-04-07T07:50:31","date_gmt":"2022-04-07T07:50:31","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3744"},"modified":"2023-09-21T06:31:29","modified_gmt":"2023-09-21T06:31:29","slug":"dallas-multifamily-market-report-march-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-march-2022\/","title":{"rendered":"Dallas Multifamily Market Report (March 2022)"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Fundamentals Drive Industry Optimism<\/h2>\n\n\n\n<p><strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-july-2022\/\">Dallas-Fort Worth saw solid performance in 2021<\/a><\/strong>, sustained by strong in-migration and company expansions and relocations. The metro led the country for deliveries, but at a softened pace compared to previous years, which helped keep upward pressure on rents even during the seasonal slowdown. Rates were up 0.5% on a trailing three-month (T3) basis through January, to $1,434. The occupancy rate in stabilized properties reflects healthy demand, up 1.8% last year, to 95.6%.<\/p>\n\n\n\n<p><strong>DFW\u2019s unemployment rate dropped to 3.6% in December,<\/strong> leading the state (5.0%) and the nation (3.9%), according to preliminary data from the Bureau of Labor Statistics. Employment expanded 5.5% in the 12 months ending in November, above the 4.6% U.S. rate but trailing nearby Austin (7.4%). Job expansion was led by professional and business services followed by trade, transportation and utilities, which combined accounted for more than half of the growth. The series of company relocations continued in 2021, with AECOM, First Foundation Inc. and Lion Real Estate Group among the latest to set their bases in the metro.<\/p>\n\n\n\n<p><strong>Developers delivered 24,635 units in 2021<\/strong> and had 43,437 units under construction as of January 2022. Investors traded a record $13.9 billion in multifamily assets in 2021, more than double the previous peak, and the per-unit price rose 22.4% year-over-year.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1545-MatrixMultifamilyDallasReport-March2022\">Matrix Multifamily Dallas Report-March 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fundamentals Drive Industry Optimism Dallas-Fort Worth saw solid performance in 2021, sustained by strong in-migration and company expansions and relocations. The metro led the country for deliveries, but at a softened pace compared to previous years, which helped keep upward pressure on rents even during the seasonal slowdown. Rates were up 0.5% on a trailing [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[465,444],"class_list":["post-3744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-dallas","tag-multifamily-outlook-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dallas Multifamily Market Report (March 2022) - Yardi Matrix Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-march-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dallas Multifamily Market Report (March 2022)\" \/>\n<meta property=\"og:description\" content=\"Fundamentals Drive Industry Optimism Dallas-Fort Worth saw solid performance in 2021, sustained by strong in-migration and company expansions and relocations. The metro led the country for deliveries, but at a softened pace compared to previous years, which helped keep upward pressure on rents even during the seasonal slowdown. Rates were up 0.5% on a trailing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-march-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-07T07:50:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T06:31:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Dallas-iStock-1342174042.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dallas Multifamily Market Report (March 2022) - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-march-2022\/","og_locale":"en_US","og_type":"article","og_title":"Dallas Multifamily Market Report (March 2022)","og_description":"Fundamentals Drive Industry Optimism Dallas-Fort Worth saw solid performance in 2021, sustained by strong in-migration and company expansions and relocations. The metro led the country for deliveries, but at a softened pace compared to previous years, which helped keep upward pressure on rents even during the seasonal slowdown. Rates were up 0.5% on a trailing [&hellip;]","og_url":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-march-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-04-07T07:50:31+00:00","article_modified_time":"2023-09-21T06:31:29+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/04\/Dallas-iStock-1342174042.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"1 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