Apartments are abundant in the development pipeline of the Dallas-Forth Worth region—not just in the urban core, but in suburbs like Frisco, Carrollton, and Farmers Branch.
"More than 37,000 new rental units are in the works in the Dallas-Fort Worth area," reports Steve Brown.
That figure means the North Texas region is building more apartment units than any other region the country.
"Unlike in previous building wave [sic], when most of the apartment activity was concentrated in a few locations, this time around rental communities are being built in almost every section of the metro area," explains Brown. "And more apartments are being built in the suburbs than in high-profile locations in Uptown and downtown Dallas."
Still, Central Dallas is leading the region, with more than 3,600 apartments in the building pipeline in the first quarter. Following closely behind, however: Frisco, which has 3,400 rental units in the pipeline.
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