Matrix Multifamily Dallas Report-July 2023 July 31, 2023

Dallas stays steady

After turning negative at the end of 2022, rent growth plateaued on a T3 basis as of May, at $1,553. Rents decreased 1.3 percent year-over-year. Deliveries of new construction were also down year-over-year, although new starts were up 19.5 percent, with 9,965 units started in the first five months of 2023.