|DFW multifamily construction follows population, job boom||DFW multifamily construction follows population, job boom||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=21004||2018-09-06T05:00:00Z||2018-09-06T23:00:00Z|
DALLAS – North Texas’ multifamily pipeline remains robust to accommodate the region’s fast growing population driven by the 122,000 jobs added in the last year.
In 2016 and 2017, a combined 51,000 units were delivered.
These properties—which are either stabilized or in late-stage lease-up—currently average 17.1 percent vacancy.
Based on the pipeline for the remainder of this year, 2018 deliveries should total almost 31,000 units, with a similar level scheduled to hit the market in 2019.
Development focus continues to be in central Dallas, where half of the development pipeline—28,000 units—are under construction, although all parts of Dallas and Fort Worth are active.
|JLL||Dallas-Fort Worth-Arlington||Multifamily|| http://www.jll.com/dallas/en-us/research/snapshots/1105/dallas-fort-worth-8-20-18-multifamily-construction-pipeline-running-full|
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