(Read more on the multifamily market.)
DALLAS-Although this year's deliveries are pushing 7,200apartments, Greater Dallas' multifamily market is sure to come outunscathed with teardowns keeping net inventory growth at its lowestpoint in 17 years. The reality is the scrape-and-rebuild fever ofmunicipalities and developers has added just 487 units to theregion's total.
"I don't think people have grasped that we're not growinginventory at all in Dallas," Greg Willett, vice president of M/PFYieldStar in Carrollton, tells GlobeSt.com about the 537,000-unitgrand total. In checking the past, he says 1990 had just one243-unit project completed due to fallout from the savings and loandebacle, but this year's marginal gain is squarely tied toteardowns.
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