{"id":8641,"date":"2024-11-30T08:09:00","date_gmt":"2024-11-30T08:09:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8641"},"modified":"2025-04-14T08:26:29","modified_gmt":"2025-04-14T08:26:29","slug":"dallas-multifamily-market-report-november-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-november-2024\/","title":{"rendered":"Dallas Multifamily Market Report \u2013 November 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/dallas-multifamily-market-report\/\">Dallas Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Supply Pushes Down Rents, Occupancy<\/h2>\n<p>Dallas-Fort Worth multifamily fundamentals remained slow but steady in 2024 through September, as absorption worked its way through high volumes of new supply, notes the latest Yardi Matrix Dallas multifamily market report. Unsurprisingly, advertised asking rents fell 0.1% on a trailing three-month basis through September, to $1,541, just as the seasonal slowdown began. Meanwhile, the national rate remained flat, on a three-month basis, at $1,750, as reported in the <a href=\"\/blog\/national-multifamily-market-report\/\"><strong>national multifamily market outlook<\/strong><\/a>. Occupancy in stabilized Dallas properties also slid, down 40 basis points year-over-year, to 93.1%.<\/p>\n<p><iframe id=\"datawrapper-chart-wD5WH\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Dallas vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/wD5WH\/1\/\" height=\"328\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Employment growth continued to moderate, clocking in at 1.6%, but remained higher than the 1.3% U.S. average. Two sectors lost 12,300 jobs combined in the 12 months ending in July\u2014professional and business services and information. Meanwhile, the bulk of the 57,100 net jobs added came from the government (15,100 jobs) and education and health services (14,100 jobs) sectors. DFW\u2019s unemployment rate stood at 3.9% in September, according to preliminary data from the Bureau of Labor Statistics. That was slightly above Texas\u2019 rate and the national figure (both at 4.1%). Notable projects underway include the $2.5 billion The Central and the $1 billion redevelopment of Collin Creek Mall.<\/p>\n<p><iframe id=\"datawrapper-chart-i9V7Q\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Dallas Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/i9V7Q\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Developers delivered 20,481 units in 2024\u2019s first three quarters, with another 62,211 apartments underway. Investment remained limited, at just $2.1 billion year-to-date through September, for a price per unit that remained virtually flat compared to 2023.<\/p>\n<p>Read the full Yardi Matrix Dallas Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6502-MatrixMultifamilyDallasReport-November2024\"><strong>November 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Supply Pushes Down Rents, Occupancy Dallas-Fort Worth multifamily fundamentals remained slow but steady in 2024 through September, as absorption worked its way through high volumes of new supply, notes the latest Yardi Matrix Dallas multifamily market report. Unsurprisingly, advertised asking rents fell 0.1% on a trailing three-month basis through September, to $1,541, just as the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[465,511],"class_list":["post-8641","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-2024"],"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 \u2013 November 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Robust deliveries combined with the slowdown in rental activity pressured the average advertised asking rents in DFW, Yardi Matrix reports.\" \/>\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-november-2024\/\" \/>\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 \u2013 November 2024\" \/>\n<meta property=\"og:description\" content=\"Robust deliveries combined with the slowdown in rental activity pressured the average advertised asking rents in DFW, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/dallas-multifamily-market-report-november-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-30T08:09:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-14T08:26:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/08\/Dallas-iStock-2173818596.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=\"Adina Rogoz\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dallas Multifamily Market Report \u2013 November 2024 - 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