- Dallas-Fort Worth absorbed 7,049 apartment units in Q3, nearly double the prior year, and Colliers projects demand will reach 21,514 units by the end of Q3 2027.
- Occupancy rose 10 bps to 94% and asking rent gained $7 to $1,512, while units under construction slipped to 42,212 from 45,510 a year earlier.
- Colliers expects 25,933 deliveries by Q3 2027 to pull occupancy to 93.7%, though rent should still reach $1,548 as the pipeline falls to 20,087 units.
Dallas-Fort Worth renters keep showing up even as builders pull back, and multifamily demand could triple over the next year, according to GlobeSt.
Colliers data show net absorption of 7,049 units in Q3, nearly double a year earlier. The brokerage projects 21,514 units by the end of Q3 2027.
Get Smarter About What Matters in Texas
Subscribe to our free newsletter covering the biggest commercial real estate stories across Texas — delivered in just 5 minutes.
Q3 Snapshot
Occupancy edged up 10 bps year over year to 94% in Q3. Average asking rent rose $7 to $1,512.
New supply slowed to 6,390 units from 7,568 a year earlier.
A Shrinking Pipeline
Units under construction dropped to 42,212 from 45,510 over the past 12 months. Colliers said the pipeline has contracted for 13 straight quarters.
The brokerage expects it to be cut roughly in half, to 20,087 units, within a year.
One More Supply Wave
Projects already underway still need to open. Colliers forecasts 25,933 deliveries by Q3 2027, which should push occupancy down to 93.7%.
Rents should keep climbing anyway, to about $1,548 over the same period.
Zoom Out
The slowdown isn’t unique to Texas. We covered how apartment construction is down 27% in 2026, with New York as the exception.
That national pullback is what sets up the tighter supply Colliers sees in DFW after the current wave.
Why It Matters
Demand strength is the counterweight to a record delivery pipeline. Landlords can absorb a bump in supply if renters keep arriving at this pace.
Sun Belt operators haven’t all felt that yet. We reported that MAA trimmed guidance as the region’s rent recovery lagged.
What’s Next
Watch whether absorption holds near the forecast as deliveries peak. If it does, a halved pipeline sets DFW landlords up for firmer pricing once this wave is leased.
