Dallas Submarkets with Prolific Apartment Construction
Apartment construction in some Dallas submarkets will result in inventory boosts of roughly 20% or more. Dallas overall is typically a big contender for apartment deliveries. This market has been a national leader for inventory growth in the past 10 years, with the completion of nearly 172,000 units increasing the existing base by 34.4%, according to data from RealPage Market Analytics. Also a current construction leader, Dallas had another 50,600 units underway at the end of 2022, which will increase inventory by another 7.5%. Some submarkets are hotbeds of apartment construction activity, led by three northern suburban areas. Frisco’s apartment count has jumped over 260% in the last decade and the submarket now has another 7,600 or so units under way, growing inventory by another 25.3%. Two other northern submarkets – Rockwall/Rowlett/Wyle and Allen/McKinney – are set to see increases between 23% and 24%, after getting close to doubling inventory over the past decade. Apartment inventory growth around the 20% mark is also scheduled for the centrally located Zang Triangle/Cedars/Fair Park, as well as some more southern locales – Ellis County and Kaufman County. Of these, Kaufman County has seen the most growth in the past 10 years, nearly doubling inventory.