If you think the current apartment boom throughout the DFW region has reached insane heights, here are a few numbers to support that claim: nearly 30,000 more apartments in North Texas will be delivered in 2017, and 50,000 units in all are currently under construction.
For most of us who at least try to keep current on all the new development happening around our market, the data is hardly surprising, however, even despite being at a historically high rate for any market across the U.S.
Regardless of what community or neighborhood you’re in, you’ll almost certainly find some sort of new apartment development in the works, which is crazy to think about.
According to a recently released study from RealPage, Frisco and central Dallas are seeing the highest level of apartment construction during this current new development wave, while the Allen/McKinney and Richardson areas aren’t too far behind.
Right now, roughly 6,400 new apartments are under construction in Frisco, while Central Dallas is seeing 5,578 units currently being built.
Through the first quarter of 2017, the North Texas region ranks second behind New York City in new apartment starts.