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Dallas Multifamily Report For March 2022

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DFW saw solid performance in 2021, sustained by strong in-migration and company expansions and relocations.The metro led the country in deliveries, but at a softened pace compared to previous years, pressuring rents even during the seasonal slowdown. Rates ↑ 0.5% on a T3 (trailing three-month) basis through January, to $1,434. The occupancy rate in stabilized properties reflects healthy demand, ↑ 1.8% YoY, to 95.6%.Employment ↑ 5.5% YoY in November 2021, above the 4.6% US rate but trailing nearby Austin, with 7.4%.


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