Corporate investment remains a tailwind, highlighted by AT&T’s announcement to relocate its global headquarters from Downtown Dallas to Plano, consolidating roughly 6,000 workers into a new suburban campus by 2028, reinforcing the ongoing shift of major employers toward North Texas suburban nodes.
Approximately 32,000 units delivered in 2025, but deliveries are expected to decline by roughly 50% in the year ahead. Construction starts fell by about 25% year over year, and the roughly 30,500 units currently underway represent the smallest active pipeline since 2015.
The pricing recovery is expected to be gradual, as a sizeable volume of units still in lease-up continues to weigh on rents and delay a sustained rebound in annual rent growth. Rent growth is projected to turn modestly positive by late 2026, with gains trending toward 2% in 2027.
Dallas–Fort Worth’s multifamily outlook for 2026 is defined by stabilization rather than acceleration, as the market works through the final phase of an outsized supply cycle...
