Increasing Multifamily Construction in Dallas

hamilton-zanze August 17, 2013

In Q2 2013, the Dallas apartment market saw year-over-year increases in both construction activity and multifamily transactions. As reported by CBRE, 3,645 units were delivered to the market in April, May, and June this year, with another 14,572 units under construction. Development is centered in central Dallas, where 7,466 units are being built.

Multifamily transaction activity also posted year-over-year increases, with $1.2 billion in investments changing hands during the first half of 2013, which is 30% higher than the same period last year. Cap rates also compressed slightly, falling from 6.4% to 6.3% year-over-year.