Feb 9, 2016
New York, DFW tote most bricks, sticks in U.S.
DALLAS-FORT WORTH - New York City and Dallas-Fort Worth were the two fastest growing commercial construction markets in 2015.In the DFW area, construction of commercial buildings and apartments increased by...
DALLAS-FORT WORTH – New York City and Dallas-Fort Worth were the two fastest growing commercial construction markets in 2015.
In the DFW area, construction of commercial buildings and apartments increased by 35 percent last year from the year before, according to a new report by Dodge Data & Analytics.
DFW ranked third for total building volume with $6 billion in new project starts, behind New York with $34.9 billion in new construction and Miami at $6.3 billion.
Nationwide commercial and apartment building starts rose 8 percent from 2014 levels.
North Texas’ construction totals last year were boosted by the start of the $570 million Facebook data center in North Fort Worth and the $260 million Liberty Mutual Insurance campus in Plano.
On the multifamily building side, the biggest starts were the $170 million Victory Place apartment tower near downtown and the adjacent $150 million Ascent apartment high-rise.
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