Established Light Rail Systems Spur New Urban Multifamily Development Possibilities via Property Management Insider

With the apartment industry’s migration in recent years to downtown urban centers, Texas’ budding light rail agencies find themselves in new territory and developers are hopping aboard for the ride.

A build-it-and-they-will-come mentality along transit rail lines is creating opportunities for multifamily developers to capture a younger generation of renter who’s more focused on short commutes. And the trend appears to be growing in other parts of the state, which is a relative newcomer to moving people by rail in modern times.

Since Dallas Area Rapid Transit’s arrival in 1996, Texas has joined the legion of states east of the Mississippi River that traditionally provide rail transportation to high-density areas. An aggressive DART expansion will double its line to 90 miles by 2013, and Houston and Austin are acquiring light rail lines as fast as they can. Last year the Denton A-Train made its debut north of Dallas.

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