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    Not-so-sweet home costs

    Dallas single-family home rents are going through the roof, study says

    John Egan
    Jun 27, 2019 | 9:13 am
    $100 bills money
    Even renting is becoming less affordable.
    Tomasz Zajda/EyeEm/Getty Images

    As residents of the Dallas area continue to reel from rising sale prices for single-family homes, some are pursuing a more attractive alternative: single-family home rentals. But a new study indicates that even those are getting more expensive.

     

    In the Dallas-Plano-Irving area, rents for single-family homes rose 2.5 percent from April 2018 to April 2019, according to the study, produced by CoreLogic.

     

    “While the housing market is cooling, home prices remain high in some of the nation’s top metros. This may be contributing to the growing rental demand, as many potential buyers are being priced out of the market,” Molly Boesel, principal economist at CoreLogic, says in a release.

     

    CoreLogic analyzed changes in single-family rents across the United States as a whole and in 20 metro areas, including Dallas. In Austin, single-family rental rates grew 3.5 percent from April 2018 to April 2019, according to CoreLogic, while the growth rate was 1.2 percent in the Houston area. San Antonio was not included in the study.

     

    Although percentage increases for April 2019 were available, the dollar amounts for single-family rents were not. Dollar amounts for March 2019, however, were available. In the Dallas area, the median rent for a three-bedroom, single-family home was $1,622 in March, according to CoreLogic, more expensive than Austin ($1,548) and Houston ($1,408).

     

    Among the 20 metro areas examined by CoreLogic, Phoenix posted the highest year-over-year increase in rents for single-family homes — 6.9 percent.

     

    CoreLogic, a provider of property data, services, and technology, says low inventories of single-family home rentals are driving up rental rates around the country. “Metro areas with limited new construction, low rental vacancies, and strong local economies that attract new employees tend to have stronger rent growth,” the company says.

     

    The MetroTex Association of Realtors, which tracks North Texas housing market statistics, recently reported that the median price of a single-family home in Dallas County was $260,000 in May 2019, a 2 percent increase from May 2018. Across the nine-county North Texas area, the median price of a single-family home reached $270,000 in May, up 3 percent from the same time in 2018, MetroTex says.

     

    Amid that atmosphere, some residents of the Dallas area are turning to single-family home rentals, because those require less of an upfront financial commitment than home purchases. One reason? When you rent a home, there’s no down payment (a 20 percent down payment equates to around $52,000 for the median-priced home in the Dallas area). Another reason? Buying a home normally results in thousands of dollars in mortgage-related fees.

     
    listsrent
    news/real-estate

    Urban Renewal News

    Inwood Design Center in Dallas Design District due for major makeover

    Teresa Gubbins
    Jul 10, 2025 | 12:36 pm
    Inwood Design Center
    Courtesy rendering
    Inwood Design Center

    A center in Dallas' Design District is about to get a major makeover: M2G Ventures, a DFW real estate investment and development company, is repositioning the former Inwood Design Center, a 14-building 740,000-square-foot complex at 1110 Inwood Rd. into a two-pronged design complex with restaurants and retail.

    According to a release, the rebranding will introduce two distinct identities which will operate "independently but harmoniously."

    • Inwood Design District, nickname IDD, will be for showroom and industrial use
    • Ace on Inwood, AKA Ace, will be for retail and restaurant

    "IDD" comprises 630,000 square feet, with spaces ranging from 2,500- to 40,000-square-foot floorplates for showroom and light industrial use, with up to 24-foot clear heights.

    Ace on Inwood will be a 109,233-square-foot retail building with spaces ranging from 1,193 to 6,000 square feet, for restaurants, retail, services, wellness and boutique concepts, with a focus on home furnishing uses to complement the existing base in the area. Patio space and endcaps will provide further opportunity for placemaking and activation.

    Construction is about to begin with completion targeted for the end of 2025.

    Project enhancements will include upgraded façades and storefronts, branding and signage, enhanced parking, and layered landscaping. Art strewn in unexpected places will include colorful visual moments, 3D illusions, or interactive installations, serving as visual landmarks and encouraging walkability and discovery.

    In a statement, M2G Ventures co-founder Jessica Miller Essl calls it "one of the most dynamic projects we have been a part of."

    “This modern evolution takes the property from industrial to a premier mixed-use campus at a location that bridges the Design District and Brookhollow submarkets,” Essl says. "We anticipate bringing both districts into their new lives. By creating two distinct projects under one collective vision, our team can create two best-in-market projects in their respective peer sets."

    M2G has done similar projects in the past 10 years including the Foundry District in Fort Worth, a creative repositioning of a warehouse district into showrooms, retail, food and beverage, and creative office; and Proto Park in Dallas, a mid-century warehouse transformed into an industrial destination; M2G has since exited both projects.

    The design team for the project includes Ibañez Shaw Architecture as architect, RSM Design for environmental graphics, Paper Kites Studio for landscape architecture, Katie Murray for art curation, Ramble Creative for branding, and SHOP Companies’ Jake Sherrington and Victoria Pappas for lleasing the retail component of Ace on Inwood.

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