BTR Quieted Down This Year. Now, DFW Developers Are Prepped For A Boom And Hoping Cities Go Along

Barchart · 10/18 02:50
Dallas-Fort Worth could be on the verge of an explosion of new build-to-rent projects as developers work to meet surging demand for the multifamily housing option that feels more like single-family residential. 2023 was a record year for BTR construction across the country, and DFW rode the wave harder than nearly any other city. Last year, the Metroplex was No. 2 behind only Phoenix for total existing BTR units, units delivered over the last five years and units under construction, according to an analysis from RentCafe using data from Yardi Matrix.  A rough 2024 put an end to at least some of the frenzy, as did a 40% drop in investment volume in the sector. Through the second quarter, the...