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    Just Buy It

    Dallasites would do well to dive into homeownership as rents continue to rise

    Alex Bentley
    Nov 29, 2015 | 2:42 pm
    7022 Pasadena Avenue
    More Dallas renters are looking toward home ownership.
    Photo by Ebby Halliday/Stephen Reed

    Is it best to rent or buy? According to a new report from Zillow, more local renters are considering homeownership due to the rising costs of rents around Dallas-Fort Worth.

     

    Although more apartment buildings are going up, resulting in a slower appreciation of rental prices, actual rents are still trending upward: 5.3 percent higher in Dallas-Fort Worth compared to this time last year, according to local figures provided by Zillow. (Nationally, rents have gone up 4.5 percent.) The increase is more pronounced in single-family homes as opposed to multifamily buildings.

     

    As for home values, those have increased 4.3 percent nationwide in the past year, but here in Dallas-Fort Worth, they have skyrocketed by 15.2 percent — the second highest percentage increase in the country. However, despite that jump, the median home price is still a relatively affordable $174,400.

     

    For context, the city with the highest percentage increase in home values is Denver, where they are up 16.2 percent. The median home price there is $316,200, and Denver rents have gone up 11 percent since this time last year.

     

    So because paying a mortgage in Dallas-Fort Worth now seems to offer more stability than renting, more qualified renters are taking the plunge into homeownership.

     

    “Rental appreciation has started to slow down in part due to more rental supply,” said Zillow Chief Economist Dr. Svenja Gudell in a release. “But make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we’ve been enduring for the past few years shows no signs of easing, especially as income growth remains weak.

     

    “It will take a lot more supply, and a lot more renters-turned-homeowners, to fully reverse this trend.”

     

    With home values expected to increase by an additional 5 percent or more in the next year and a possible rise in interest rates imminent, the trend toward buying over renting may continue, especially because rents, although slower to rise these days, will keep going up — and faster than incomes.

     
    zillowreportstrends
    news/real-estate

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    Developer News

    Once-modest center in Dallas Design District is getting flashy re-do

    Teresa Gubbins
    Jul 17, 2025 | 11:02 am
    The Seam
    Courtesy rendering
    The Seam

    A complex in the Dallas Design District is on the brink of a makeover: Called The Seam, it's a multimillion-dollar project that will transform the former Oak Lawn Design Plaza at 1444 Oak Lawn Ave. into an upscale shopping and dining destination.

    Oak Lawn Design Plaza is a seven-building site that was constructed in the 1970s and was the low-key, modest home to various little design-centric businesses like Mizzen & Main.

    It was acquired by North Carolina-based real estate investment firm Asana Partners in 2023, who are redeveloping it into a 160,000-square-foot retail center with restaurants, wellness, and shops in an open-air environment. Asana is the company that has wrought gentrification upon Deep Ellum.

    At the new-and-improved Seam, there could be up to six restaurants, gyms, coffee shop and more than 30 stores. They've already signed a deal with Lettuce Entertain You, the Chicago-based hospitality group whose portfolio of 90 restaurants includes concepts such as Big Bowl, Gus' Sip & Dip, Big City Chicken, and Frankie's By the Slice.

    Let's hope they can surpass previous dining spots on the site such as the modest Tom's Diner or the quirky Spanish Oaks Restaurant and Lounge.

    Adolfson & Peterson Construction, a national, family-owned construction management and contracting company, is doing the renovation. They began construction in March 2025; completion is anticipated within 12 months. Morris Adjmi Architects (MA) is the Design Architect with GFF Design serving as the Architect of Record.

    “Our planning and design approach was centered on enhancing connectivity throughout the site and within the neighborhood's context,” says MA founder and principal Morris Adjmi in a release. “We reconfigured the plaza's overall layout to open up the site and significantly improve the pedestrian experience."

    The site's original layout was reconfigured, removing portions of the existing complex that obstructed visual and physical connections to Slocum Street.

    Adolfson & Peterson Construction will handle all aspects of The Seam’s construction, including staging and phasing the work; improving the existing buildings by upgrading facades with new exterior insulation finish systems (EIFS) and metal panels; mechanical, electrical and plumbing upgrades; and structural improvements by adding new steel and roof work.

    They'll also add outdoor features such as lighting, modern hardscapes and softscapes, new curb lines, and sidewalk upgrades. The Seam will provide nearly 50 spaces for retail, restaurants, wellness providers, and showrooms.

    Adolfson & Peterson Construction tackled a similar project with the renovation and interior demolition of Dallas’ Knox Park, located at 4441 McKinney Ave., in 2020.

    constructiondallas design districtdesignoak lawnrenovationshopping
    news/real-estate
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