The metro will recover all of the 81,800 positions lost in 2020 and regain growth momentum this year. Entering 2021, the markers unemployment rate of 6,5 percent was up 330 basis points annually, benefiting firms seeking available workers.
Despite vacancy continuing to rise, strong demand for rentals and new builds charging premium rates will support positive rent growth for the 12th consecutive year. The average effective rent will reach $1,192 per month in 2021.
Overall apartment occupancy in DFW is at 95.4%, up more than a percentage point from second-quarter 2020.
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