Dallas, Texas

Year over Year as of 6/30/21

Dallas, Texas

Year over Year as of 6/30/21
  • Population Growth

    .23%

  • Rent Growth

    7.3%

  • Employment Growth

    .05%

  • Occupancy Rate

    95%

  • New Supply

    27,700 Units

  • % of Stock

    2.9%

  • Acquisition Price

    6%

  • Cap Rate

    -30 bps

Market Dynamics

Dallas led the nation in new apartment deliveries and is projected to gain more than 30,000 units in the 12 months ending 12/31/21. In spite of new deliveries, demand – especially from young adults – outpaced new supply pushing up rents and occupancy levels.

Sources: CoStar, Real Capital Analytics, RealPage, Marcus & Millichap

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