Where Does Dallas Stand in Office, Warehouse and Multifamily Construction Today?

 In BLOG

North Texas isn’t just hot literally; the commercial real estate industry continues to sizzle across sectors. As we’ve discussed, approximately 360 people are moving to the area each day, and job growth has been strong across the region. This continued surge in jobs, paired with a strong economy, has kept Dallas-Fort Worth real estate construction on a hot streak.

The Dallas Morning News mapped out the last eight years of activity for single-family homes, as well as offices, warehouses and apartments. Here are the key takeaways:

  • Nearly 8 million square feet of office space was under construction in Q2 of this year, with approximately half already leased.
  • Dallas-Fort Worth leads the nation in warehouse construction. There was nearly 21 million square feet under construction at the end of Q2.
  • Apartment development in North Texas is close to an all-time high, with over 50,000 units under construction at the end of Q2.
  • Home sales across North Texas hit an all-time high in June.
  • Median home sale prices hit a record high in June.
  • Home starts in Dallas-Fort Worth were at one of the highest levels in nearly a decade.

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