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    Building news

    Dallas will boom with most new apartments in U.S. this year, report says

    John Egan
    Aug 20, 2020 | 10:36 am
    Uptown Dallas apartments with skyline
    Dallas-Fort Worth eclipses all other U.S. metro areas for the number of new apartments predicted to be finished this year.
    HIgs2006/Getty Images

    The coronavirus pandemic has brought many activities to a unsettling halt. But it has failed to blunt Dallas' apartment construction boom.

    New data from Yardi Matrix, a supplier of commercial real estate data and research, shows shows that Dallas comes in at No. 8 in the U.S. for most apartments completed during the first six months of 2020, with 1,869 apartments built. Neighboring Farmers Branch lands at No. 18, with 1,161 units.

    But the bigger news is what's to come, the research suggests. In the Yardi Matrix forecast, Dallas-Fort Worth eclipses all other U.S. metro areas for the number of new apartments predicted to be finished this year — 19,318.

    This would be DFW’s third year in a row to lead all metro areas for annual apartment construction, with New York City claiming second place.

    While that’s an impressive number of apartments, this year’s anticipated final total for DFW would be down 29 percent versus last year, Yardi Matrix says.

    Little surprise to those paying attention to Texas real estate: More apartments were completed in Austin during the first six months of 2020 than in any other U.S. city. In the first half of the year, construction of 3,827 apartments was finished within the city of Austin, according to Yardi Matrix.

    Right behind Austin on that list is San Antonio, where 2,871 new apartments hit the market in the first half of this year. Also in the top 20 is Houston, No. 7 with 2,085 apartments.

    “Around the U.S., we have seen a variety of states, counties, and cities choose to close nonessential businesses for ‘stay at home’ or ‘shelter in place’ orders. For the most part, construction activity has been included as an essential activity that can continue with business as usual during these orders,” Doug Ressler, manager of business intelligence at Yardi Matrix, says in a release.

    As far as other statewide forecasts go, the entire Austin metro area is projected to complete 9,342 apartments this year, according to Yardi Matrix. In that category, Austin ranks fifth among U.S. metro areas. Compared with last year, completion of new apartments in the Austin area is expected to rise 9 percent in 2020.

    “The popular Texas metropolitan area saw an increase of 62,000 residents from 2018 to 2019,” Yardi Matrix says. “In response to the high demand, Austin metro has been an active scene for new construction in the past five years, having completed over 50,000 new apartments since 2016.”

    In third place for projected apartment completions in 2020 is the Houston metro area. Yardi Matrix foresees the region welcoming 10,404 new apartments this year, up 2 percent from 2019.

    Coming in at No. 19 for predicted apartment completions this year is the San Antonio area, with 4,595 new units on taps. However, that total would represent a 20 percent jump over last year, putting San Antonio in fourth place for the percentage increase from 2019 to 2020.

    reportsrent
    news/real-estate

    Coworking News

    Dallas' Longhorn Ballroom unveils new renovated coworking studio space

    Teresa Gubbins
    Jun 12, 2025 | 2:07 pm
    Longhorn Ballroom
    Longhorn Ballroom
    Longhorn Ballroom

    Dallas' famed Longhorn Ballroom music venue has unveiled a newly renovated multi-use building — located across the courtyard from the Ballroom at 200 Corinth St. — that's open for creative types in the fields of entertainment, restaurant, and the arts.

    The Longhorn Ballroom was built in 1950 for country music legend Bob Wills and this Texas Playboys and was originally named Bob Wills’ Ranch House. It was managed for a time by Jack Ruby, then Dewey Groom who renamed it the Longhorn Ballroom and built it into one of the greatest venues of its day, hosting Willie Nelson, Loretta Lynn, Merle Haggard, Charley Pride, Pasty Cline, B.B. King, Ray Charles, Nat King Cole, James Brown, Al Green, Johnny Rodriguez, Freddy Fender and Selena.

    This newly renovated building was originally constructed in 1950 as part of the Ranch House, where it served as a motel for touring musicians and according to a release, is rumored to have sheltered Wills' horse "Punkin."

    Longhorn Ballroom coworking spaceYou could office here. Longhorn Ballroom coworking space.Longhorn Ballroom

    The two-story 26,000-square-foot building offers co-working spaces for entertainment professionals, attorneys, and managers. There are five 1-2 person offices available, along with a limited number of residential live-work studios for artists. There are also several small restaurant spaces available for "culinary creatives."

    The largest available area — a former recording studio — could be transformed into a space for audio, film, or post-production work.

    There is also a common area and kitchen, plus plentiful parking. Internet and utilities are included. Rates depend on space rented.

    "As an entertainment attorney, there’s no better place for my practice than the Oficina co-work space at the Longhorn," says Decker Sachse, a current tenant. "It’s a great location with easy access and my clients love the vibe."

    In the fall, the Longhorn will complete its third and final phase with the opening of a 6,500-capacity outdoor amphitheater along the banks of the original Trinity River. Called The Longhorn Backyard Amphitheater, it will host a series of soft opening shows this fall, starting with Randy Rogers on September 20. A grand opening with a full calendar of events will commence in the spring of 2026, providing the city with a state-of-the-art outdoor venue one mile south of downtown Dallas.

    concertsopenings
    news/real-estate
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