Top Texas Markets for Multifamily Development
Top Texas Markets for Multifamily Development
According to Yardi Matrix data, year-to-date deliveries amounted to 6,300 units as of March, with the first two markets accounting for 67 percent of total completions. Apr152021
Texas officials deemed construction as essential during the pandemic, prompting developers to build big albeit at a slower, more cautious pace. And while the health crisis caused a temporary slowdown in deliveries, the Texas multifamily market showed resiliency as no other markets have.
According to Yardi Matrix data, some 6,300 units came online year-to-date through March. Deliveries were concentrated in larger markets such as Dallas-Fort Worth and Houston, which accounted for 67 percent of total completions. The list below highlights the top five Texas markets for multifamily deliveries year-to-date through March, using Yardi Matrix data.