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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.
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.
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