DFW Multifamily Is Turning - Supply Just Met Demand

Podcast: Commercial Real Estate Investment Conference Podcast (CREIC) · Commercial Real Estate Investment Conference

Opublikowano: 2026-09-10

DFW was the poster child for oversupply. Record deliveries. Rents tanking, but the market is rebalancing. Supply and demand just met for the first time since 2021. Supply peaked at 44K units in 2024, dropped to 31K in 2025, projected at 21-23K in 2026. Down 50% from peak. H1 2026, DFW absorbed 25K units. Q2 alone absorbed 12K while only 6K delivered. Why? Population growth. 100K new residents last year. 339 per day. 41-50K jobs annually. At equilibrium around 23K units per year, the dynamic flips. Occupancy hit 93.8%, up 60 bps. Rents still down 2.6% YoY but turned positive quarter-over-quarter. Full-year rent growth projected a...