Q3 2021 Multifamily Market Report | Dallas-Forth Worth Metro Area

Dallas Urban Core Posts Strongest Absorption in More Than 20 Years

• Young adult migration stimulates downtown demand. Many firms are expanding their workforce in the Metroplex, luring young adults to accept jobs and relocate.
• Positioning of development bodes well for absorption. Dallas-Fort Worth led all U.S. markets over the past year ended in June with the addition of nearly 27,700 units.

Investment Highlights

• Deal flow has been consistently strong through the health crisis, as more out-of-state investors set their sights on Dallas-Fort Worth.
• Class A properties traded more frequently during the past four quarters than in the previous year.
• The suburb of Denton has been attracting more private buyers seeking lower-tier complexes.

* Forecast; ** Through 2Q
Sources: CoStar Group, Inc.; Real Capital Analytics; RealPage, Inc.

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The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. Note: Metro-level employment growth is calculated based on the last month of the quarter/year. Sales data includes transactions sold for $1 million or greater unless otherwise noted. This is not intended to be a forecast of future events and this is not a guaranty regarding a future event. This is not intended to provide specific investment advice and should not be considered as investment advice. Sources: Marcus & Millichap Research Services; Bureau of Labor Statistics; CoStar Group, Inc.; Real Capital Analytics © Marcus & Millichap 2021 | www.MarcusMillichap.com