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Dallas ranks third in U.S. for multifamily spending; shows strong local economy, job market

Dallas ranks third in U.S. for multifamily spending; shows strong local economy, job market

Strong spending on multifamily housing is a sure sign of Dallas’ booming job market and economy, according to a report by Apartment List.

The apartment locating site found that between 2000 and 2016, Dallas developers spent $27.6 billion on constructing new multifamily housing, ranking the city third among the nation’s 25 largest metroplexes. Only New York and Los Angeles topped the Big D, at $64.9 billion and $28.4 billion, respectively.

Showing the prevalence of new multifamily offerings…

Source: http://feeds.bizjournals.com/industry_21

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