Mast says with so many apartments underway, it is hard to track the players without a scorecard.
DALLAS—Multifamily development in DFW has been especially robust during the last few years to accommodate the ongoing growth of 100,000-plus jobs each year. The number of apartments under development has drifted higher as the affordable homebuilding market has struggled to deliver product, according to a JLL research report on multifamily development in North Texas.
“Quite simply, we've been growing so fast it is difficult to meet new housing demand from that sector, given rising land and construction costs, especially at relatively close-in locations where the jobs are being created,” says Jorg Mast, senior vice president, JLL Capital Markets. “With so many apartments now under development, it is hard to keep track of the players without a scorecard.”
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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.
