March 2021

Here’s how much rents have fallen in Dallas-Fort Worth since the pandemic began

Rents in Dallas decreased 0.5 percent month-over-month and are down by 2.6 percent since the start of the pandemic in March, according to an analysis by Apartment List. Year-over-year rent growth in Dallas currently stands at -2.6 percent, compared to 1.3 percent at this time last year, according to Apartment List’s rent report covering October.  Median rents in Dallas currently stand at...

Construction starts on Design District apartment tower

The high-rise is the tallest started in Dallas since the start of the pandemic. The 27-story tower that has started construction is one of three planned for the site near Stemmons Freeway.(Urby ) Developers have broken ground on the first of three planned high-rises in Dallas’ Design District. New Jersey-based Urby is building the 27-story residential tower on Hi Line Drive just west of...

Apartment project moves ahead next to Galleria Dallas

The planned Hazel apartments will have almost 400 units.(ZOM ) A Florida-based apartment firm has purchased one of the last vacant tracts next to the Galleria Dallas. An affiliate of Orlando-based ZOM Living acquired the almost 3.5-acre property at LBJ Freeway and Noel Road. The tract is next to the Galleria Dallas office towers and was once the site of a Chevrolet dealership. During the past...

Dallas apartment builder plans rental community south of downtown

Plans for the mixed-use SoGood development south of downtown Dallas include retail, residential and commercial space.(TBG / Hoque Global) A Dallas-based apartment builder is eyeing plans for the first phase of an ambitious mixed-use development just south of downtown Dallas. Corsair Ventures is planning a 266-unit rental community on Cesar Chavez Boulevard south of Interstate 30. The apartment...

Renter credit slipping across Dallas-Fort Worth, with Arlington lowest in nation

The credit of renters across Dallas-Fort Worth is on the decline, with Arlington renters having the lowest average score in the U.S., according to a new analysis by RENTCafe.com. The trend in DFW ran counter to the nation’s, in which the average credit score needed to rent an apartment has been going up one point each year for the past three years. Renters in the city of Dallas have an...

Dallas-Fort Worth remains the darling for apartment investment nationwide

The Dallas-Fort Worth apartment market was the investor darling in 2020 nationwide, attracting the largest capital flow in the nation, according to a new report. Investors poured $10.3 billion into multifamily projects in DFW for the year, edging out $9.5 million in apartment investment in New York City, according to a Q4 2020 multifamily research report from Newmark. Compared to other...

New apartments will launch 15-acre mixed-use project in The Cedars

The first phase of an ambitious mixed-use project in The Cedars, the neighborhood just south of downtown Dallas, will consist of a 266-unit apartment complex, the development team announced Friday. The 15-acre development, called SoGood, is being led by Dallas-based Hoque Global and will be located on the site of a former Pilgrim's Pride chicken plant on Cesar Chavez Boulevard. The planned...

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