URBAN MULTIFAMILY DEVELOPMENT TRIPLES IN THREE YEARS
April 13, 2015 - 5:40pm
Last year was one of the strongest on record for multifamily development across North Texas, as the market continues to see blistering construction activity. One of the predominant trends in the market is the relationship between its urban and suburban sectors, according to statistics from CBRE.
Of the total units under construction at year-end 2014, a whopping 40 percent were concentrated in the urban cores of both Dallas and Fort Worth. This compares to the 10 percent share urban markets held just three years ago. Total marketwide construction has more than tripled during this time period.