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High-End Construction Is Booming in the Southwest

At the city level, Dallas and Fort Worth are two of the six cities that had nothing but high-end apartments in 2017, and all new apartments are luxury-grade in the first half of 2018.

multifamily construction The Southwest had the largest share of luxury apartment buildings last year.

DALLAS—Three-quarters of the new apartment construction completed in 2015 were of the high-end variety. In 2017, the construction of luxury rental properties increased to 79% of all US apartment construction, according to RentCafe’s most recent study on high-end apartment construction.

And, the trend continues in 2018–about 87% of all large-scale apartment buildings completed in the first half of this year are high end. When it comes to the total share of high-end apartment buildings, Charlotte ranks first, having built so many luxury residential properties that these multifamily communities now represent half of apartments in the city.

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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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