Zoning reform, supply reset and the shift back inward bring DFW multifamily to a turning point

The Dallas-Fort Worth multifamily market remains strong with 35,594 new units completed in the past year, led by Dallas. Demand is high, with 43,260 units absorbed and occupancy at 93.8%. Rents softened, declining 2.9%, but a modest recovery is expected by late 2026. Texas Senate Bill 840 streamlines development approvals, encouraging infill growth near urban centers. Surface-parked apartments are gaining popularity for efficient, adaptable urban and suburban redevelopment.