Dallas-Fort Worth multifamily market facing second-straight year of negative rent growth

Multifamily rents in Dallas-Fort Worth are poised to end negative for the second-consecutive year. Year over year, rents are down 1.4% as the market continues to notch declines over the past four months, based on CoStar’s daily asking rent index. Negative rents are a result of the continued supply-demand imbalance, as builders have added 41,580 units while demand has registered 23,780 units over the past 12 months as of the end of the third quarter of 2024.