Dallas-Fort Worth Multifamily Market Shows Strong Absorption and Rising Rents
In Q2 of 2026, Dallas-Fort Worth's multifamily market absorbed 12,042 units, with total absorption for the first half reaching 24,978 units. This marked a significant increase compared to previous quarters as demand remained strong despite ongoing construction activity. Occupancy rates rose to 93.8%, and average monthly rents climbed to $1,496 from $1,482 in Q1, signaling potential market stabilization after years of oversupply. The metro area still has a large pipeline with over 43,000 units under construction, primarily concentrated in Frisco, Allen/McKinney, and Denton. Despite this, absorption outpaced new deliveries for the first time since the peak of the construction boom. Investment sales volume also surged to $2.27 billion in Q2 from $1.33 billion a quarter earlier. Suburban corridors like Frisco led in both construction activity and unit absorption while urban core areas such as Oak Lawn/Park Cities saw higher rents, reaching up to $2,449 per month.
Topics: construction pipeline multifamily absorption occupancy rates real estate market trends