Absorption, Jobs, and Infrastructure Drive Investor Confidence
This article is a follow-up to our original article Multifamily Momentum in the Dallas Market published Sept. 9
Following a strong first half, the Dallas multifamily market continued to demonstrate balance and resilience in Q3. Absorption once again outpaced new deliveries, signaling that leasing demand remains robust even amid moderating construction activity. For investors, the trend underscores Dallas’s position as one of the nation’s most stable multifamily environments—offering consistent occupancy, income durability, and long-term growth fundamentals heading into 2026.
Dallas Multifamily Q3 Pulse: Absorption Still Ahead of Deliveries
Third-quarter data show ~8,300 units absorbed vs. ~7,100 delivered, marking the second straight quarter where demand outpaced new supply. This confirms the region’s mid-year stabilization trend, signaling that leasing activity continues to be firm even as the construction pipeline moderates. Steady absorption alongside easing starts supports a balanced outlook heading into 2026.
Source: Matthews / Yardi Matrix Q3 2025
Multifamily Pipeline & Construction Starts Outlook Remains Supportive
Recent Yardi Matrix and broker reports show Dallas’s multifamily deliveries remain elevated, but new construction project starts have slowed, and the under-construction pipeline has fallen to roughly 30–31K units—the lowest since 2015. With construction starts trending lower and completions expected to bottom around 2027, the forward supply pipeline is clearly easing, supporting a constructive outlook for rent stability.
1Finity Expands Roots in the Telecom Corridor with 500+ High-Tech Jobs
The City of Richardson approved a $2.3M retention/expansion grant to support 1Finity’s new 65,000-sf North American HQ located in the Telecom Corridor, located just 6.2 miles from The Courtyard Apartments, in Garland. The Fujitsu subsidiary signed a 12-year lease, will invest $13M in Tenant Improvements, and has committed to 500+ full-time jobs through the consolidation of its Richardson and Dallas offices.
Source: City of Richardson.
Dallas Fortifies Its Standing as the Emerging “Wall Street of the South”
The SEC has approved the Texas Stock Exchange, clearing TXSE to operate as a national exchange with trading targeted for 2026. Backed by leading market makers and asset managers and paired with the New York Stock Exchange’s June 2025 Dallas relocation initiative (‘NYSE Texas’), Dallas is emerging as a two-exchange capital-markets hub—a meaningful step toward the region’s “Wall Street of the South” positioning.
Source: markets.financialcontent.com
DFW Airport & American Airlines Accelerate $4B Terminal F Expansion
Dallas Fort Worth International Airport and American Airlines have expanded the Terminal F program from $1.6 billion to nearly $4 billion, increasing capacity to 31 gates with Phase 1 (15 gates) opening in 2027. The project is expected to generate over 4,000 construction and professional service jobs through completion.
Coupled with the broader $9 billion DFW Forward modernization, the project launches a multi-year build cycle supporting hundreds of construction and professional-services jobs through 2030. Post-completion, American’s consolidation in Terminal F and reallocation of gates across the airport are expected to boost metro-wide airline, TSA/CBP, and concessions employment—strengthening one of North Texas’s largest job engines and long-term infrastructure catalysts.
(Sources: DFW Airport, American Airlines, Dallas Regional Chamber)
Scotiabank Confirms $60M Dallas Hub, 1,000+ High-Wage Jobs
City and state officials have finalized incentive packages for Scotiabank’s new U.S. hub in Dallas, supporting ~1,020 full-time positions with average salaries exceeding $135,000. The bank will invest more than $60 million in capital expenditures and has been awarded a $10.77 million Texas Enterprise Fund (TEF) grant to anchor its long-term regional footprint. The project further expands North Texas’s profile as a financial-services powerhouse and complements recent capital-markets moves like the Texas Stock Exchange’s SEC approval.
Source: Dallas Economic Development / Office of the Governor, 2025
Market Fundamentals Align with Value-Add Opportunity
For multifamily investors, these converging trends reaffirm why Dallas–Fort Worth remains one of the nation’s most resilient and opportunity-rich markets. With absorption consistently outpacing new supply, construction starts easing, and high-wage employment expanding across technology, finance, and infrastructure sectors, the region is entering a phase of durable rent stability and sustained value creation. For investors, this environment favors well-located, income-producing assets positioned for operational and appreciation growth—such as The Courtyard Apartments, a multifamily value-add opportunity in Garland, Texas. Strategically located within the Telecom Corridor’s expanding employment base, the property stands to benefit from both near-term leasing strength and the long-term economic momentum driven by DFW’s diversified job and infrastructure expansion.
Investors interested in taking advantage of this time sensitive opportunity should contact Karen E. Kennedy at [email protected] or call 310.988.4240.
