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M/PF Research Says Dallas-Ft. Worth Leads Nation in Multifamily Supply

DALLAS-The metroplex's fourth quarter standing in the multifamily market places it at the top nationally in new deliveries. Demand has outpaced supply, but the fierce competition has adversely affected rent growth.

By Connie Gore | Updated on January 15, 2001

DALLAS-The Dallas-Ft. Worth region has enjoyed its third-highest multifamily absorption in its history, copping the top spot nationwide in new product, concludes M/PF Research’s fourth quarter report.

The region saw 24,347 units deliver in comparison to 32,000 in 1985 and 42,000 in 1984. But, delivery is still 1,583 units shy of meeting demand.

Current multifamily construction is slowing in the Dallas-Ft. Worth region, which is good for property owners who have been faced with stiff competition in lease-ups and slow rent growth. There had been 11,522 units under construction or on the planning boards at year’s end. West Plano, last year’s supply leader, had more than 5,700 apartments come on line. In comparison, only two properties, totaling 567 units, are being developed now, says Willett. M/PF Research expects Intown Dallas to cop the supply lead this year. There are 1,925 units under construction followed by Northeast Tarrant County, which has 1,048 units under way.

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