IRVING, TX—Dallas-Fort Worth holds two aces in its central US location and moderate climate, but the “DFW Trifecta” truly lies in its business-friendly climate, growing job base and exploding population. While headlines often lead with news of historically high numbers of new units in the pipeline, DFW is simply building to demand.
As of mid-year 2017, the Dallas/Fort Worth MSA year-over-year increase of 108,200 jobs equates to almost 300 jobs added per day. With population growth seemingly tracking this trend, DFW added more than 800,000 people since the 2010 census or more than 115,000 people annually, GlobeSt.com learns.
At the same time, existing communities with below-market rents such as the 524-unit Broadstone Valley Ranch are enticing investments and long-term viable options for meeting the demand for moderately priced housing. Case in point is its recent acquisition by Dallas-based Provident Realty Advisors Inc.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
