Totaling just over 675,000 units, Dallas-Fort Worth is the nation’s fourth-biggest apartment market. With construction occurring at such a rapid pace, North Texas likely will bump Chicago out of the #3 spot sometime in late 2016 to early 2017.
So far in this development cycle (we’ll call that early 2010 through Q3 2014), DFW has added just a hair under 50,000 units, by far the most new supply anywhere across the country. Some 28,000 more units are under construction right now.
Read more...A Quick Look at Dallas-Fort Worth’s Apartment Supply Wave | Property Management Insider