{"id":5291,"date":"2022-12-16T11:42:00","date_gmt":"2022-12-16T11:42:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=5291"},"modified":"2023-09-13T04:48:29","modified_gmt":"2023-09-13T04:48:29","slug":"dallas-multifamily-market-report-november-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-november-2022\/","title":{"rendered":"Dallas Multifamily Market Report \u2013 November 2022"},"content":{"rendered":"

Dallas Assets Generate Interest<\/h2>\n

Dallas-Fort Worth\u2019s robust economy has kept its multifamily market running in high gear for most of 2022<\/a>, with strong development and investment activities. However, inflation is impacting renters, and rate growth softened to a 0.2% increase<\/strong> on a trailing three-month basis through September, to $1,566. In addition, substantial stock expansion surpassed demand, and the the occupancy rate in stabilized properties slid 40 basis points in the 12 months ending in August, to 95.2%.<\/p>\n

DFW\u2019s unemployment rate stood at 3.7% in August, on par with the national rate<\/strong>, according to preliminary data from the Bureau of Labor Statistics. This placed the metro above the state (4.1%) and behind Austin (3.0%). The job market expanded 7.5%, or 277,600 jobs, in the 12 months ending in July, well above the 4.5% national rate. Professional and business services\u2014DFW\u2019s main economic driver\u2014led growth with 71,400 jobs. The sector is poised to continue growing, boosted by companies such as Wells Fargo, which announced a new 4,000-worker campus.<\/p>\n

Development remained elevated, with 51,621 units under construction and 16,117 units delivered in 2022 through September. Construction starts increased from the same period last year<\/strong>. Meanwhile, investment volume surpassed $7.7 billion, although a softening was evident from one quarter to the next. The per-unit price continued to rise, up 16.5% annually, to $184,307.<\/p>\n

Read the full Matrix Multifamily Dallas Report-November 2022<\/a><\/p>\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Dallas Assets Generate Interest Dallas-Fort Worth\u2019s robust economy has kept its multifamily market running in high gear for most of 2022, with strong development and investment activities. However, inflation is impacting renters, and rate growth softened to a 0.2% increase on a trailing three-month basis through September, to $1,566. In addition, substantial stock expansion surpassed […]<\/p>\n","protected":false},"author":753,"featured_media":5296,"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-5291","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":"\nDallas Multifamily Market Report \u2013 November 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Following a record year, Dallas multifamily sales stayed high in 2022, as investment volume closed in on the $8 billion mark, according to Yardi Matrix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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