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Developers Rush to Catch Up With Demand

The market looks to be quite different now than past construction cycles for several reasons, mainly due population gains and uninterrupted, broad-based job growth that totaled 605,857 from 2010 to 2017.

Robert Kramp Robert Kramp says the wildcatter days from the 1980s are not part of today’s thinking.

DALLAS—Is Dallas overbuilding? For the most part, the answer is no. However, with DFW topping the charts in US construction totals, some question if or when this new supply will outstrip demand.

Meanwhile, the office market has added 8.4 million square feet in the last two years alone. Multifamily recorded 27,315 units built in 2017, more than in any year since the early 1980s. As of fourth quarter 2017, DFW had the largest number of units under construction of any US metropolitan area.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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