Mast says with somany apartments underway, it is hard to track the players without ascorecard.
DALLAS—Multifamily development in DFW has been especially robustduring the last few years to accommodate the ongoing growth of 100,000-plus jobs each year. The number ofapartments under development has drifted higher as the affordable homebuilding market has struggled to deliverproduct, according to a JLL research report on multifamilydevelopment in North Texas.
“Quite simply, we've been growing so fast it is difficult tomeet new housing demand from that sector, given rising land andconstruction costs, especially at relatively close-in locationswhere the jobs are being created,” says Jorg Mast, senior vicepresident, JLL Capital Markets. “With so many apartments now underdevelopment, it is hard to keep track of the players without ascorecard.”
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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.
