DALLAS-For more than a decade, multifamily investors have focused their attention on Uptown, developing mid-rise and high-rise properties on infill sites. However, Uptown is nearly built out, and multifamily investors have set their sights on the Design District as the newest hotspot for apartment development.

"Of all the submarkets in Dallas to invest in, many institutional apartment investors believe the Dallas Design District has the most upside for potential rent growth in the future,” says Will Balthrope, a senior director with the Balthrope Group of Institutional Property Advisors, a Marcus & Millichap Co. “It is truly an up-and-coming, urban infill location.”

Balthrope tells GlobeSt.com the Design District is one of the most unique submarkets in all of Texas. Situated just north of downtown and west of Interstate 35, it features more than 370 shops and art/design showrooms, some of the city’s best restaurants and convenient access to Uptown, The Arts District, the American Airlines Center, Dart and downtown, as well as Dallas’s newest soon-to-be completed five-acre recreational park.