high rise dominance

Dallas tops the U.S. charts for most new apartments built since 2020

Views from Dallas apartments don't get prettier than this.

Photo courtesy of Simpson Property Group

Shiny new apartment complexes are popping up everywhere around the country, but no other city can claim quite as many as Dallas.

Dallas-Fort Worth, in fact, has had more new apartments constructed since the beginning of the "pandemic building boom" in 2020 than any other U.S. metro area, according to a new study by apartment rental marketplace RentCafe.

Highest construction rate from 2020 to 2022
The construction analysis revealed 76,660 new apartment units opened in DFW between 2020 and 2022. Dallas' numbers far outshine one of the biggest renter metros in the country - New York City (No. 2) - by nearly 10,600 units.

"The booming job market in the Metroplex (supported by the industrial and tech sectors) fueled this construction spree," the report's author said.

Broken down by city, Dallas constructed 13,741 new apartment units between 2020 and 2022, while Fort Worth built the second highest number of new apartments: 9,672. McKinney built 2,586 new units within the same time frame, and Farmers Branch made up 3,140 new apartment units.

Dallas is followed less closely by its Texas neighbors Houston (No. 3) and Austin (No. 4), which only developed 53,741 and 45,051 new apartment units, respectively, within the same period. Miami rounds out the top five with 42,960 new units built between 2020 and 2022.

The remaining top 10 metros that completed the most new apartments between 2020 and 2022 are:

No. 6 – Washington, D.C. (42,723 units)
No. 7 – Los Angeles, California (39,842 units)
No. 8 – Atlanta, Georgia (39,467 units)
No. 9 – Seattle, Washington (36,952 units)
No. 10 – Twin Cities, Minnesota (31,662 units)

New apartments to meet rising demand in 2023
Dallas-Fort Worth may have topped the charts for new apartments built during the pandemic, but it has fallen slightly in completed units built thus far in 2023. The study found that developers are set to build 23,659 new rental units by the end of December, which is nearly 10,000 fewer than New York, which reclaimed the No. 1 spot in 2023.

Demand for more housing is still at an all-time high in the Metroplex, as the North Texas region gained more residents than any other American metro between 2021 and 2022, the report says. Census data estimates nearly 170,400 new residents arrived in Dallas-Fort Worth at that time, bringing the population total to 7.9 million. That's quite the population boom, which only continues to grow bigger and bigger.

"[Dallas' construction rate is] still not enough to meet the soaring demand for apartments throughout the metro, especially as America’s new boomtown is facing a severe shortage of housing units," the report says. "And, more and more people are expected to relocate to this thriving area in the coming years as businesses continue to expand."

The top 10 metros predicted to build the most new apartments in 2023 are:

No. 1 – New York City, New York (33,001 units)
No. 2 – Dallas, Texas (23,659 units)
No. 3 – Austin, Texas (23,434 units)
No. 4 – Miami, Florida (20,904 units)
No. 5 – Atlanta, Georgia (18,408 units)
No. 6 – Phoenix, Arizona (14,629 units)
No. 7 – Los Angeles, California (14,087 units)
No. 8 – Houston, Texas (13,637 units)
No. 9 – Washington, D.C. (13,189 units)
No. 10 – Denver, Colorado (12,581 units)

The full report can be found on rentcafe.com.

apartments housing reports DFW apartment units

Henderson Avenews

Dallas' Henderson Ave. project lands 11 new tenants from bagels to boots

Photo courtesy of PopUp Bagels

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A major mixed-use development taking shape on Dallas’ Henderson Avenue has signed 11 new retailers and restaurants, including a viral bagel shop, the first Dallas location of a major Western brand, and more food, fashion, and wellness destinations.

According to a release, the 161,000-square-foot (as-yet-unnamed) mixed-use development from New York-based Acadia Realty Trust and Dallas development firm Ignite-Rebees, under construction along a quarter-mile stretch between Glencoe Street and McMillan Avenue, will be complete in late 2026 (or "Q4" in business speak).

The newest additions include several brands making their debuts in Dallas, Texas, or even all of the United States.

In alphabetical order, the new tenants include:

Alberta Boot Co. — Canadian Western bootmaker opening its first U.S. store.
Ariat — Western and performance apparel brand with a shop in the Fort Worth Stockyards, but none in Dallas yet.
Cami — Women’s fashion label known for elevated basics and contemporary style.
Cody & Sioux — Western-inspired retailer opening its first U.S. location.
Guizio — Streetwear-influenced women’s fashion brand making its Texas debut.
Jean Dousset — Fine jewelry and engagement ring designer opening its first Texas location.
Margaux — Luxury footwear and accessories brand opening its first Texas storefront.
Sway Wellness — Wellness retailer specializing in hemp-derived products.
Rag & Bone — Fashion retailer relocating from its temporary Henderson Avenue location.
Salt & Straw — Portland-based artisanal ice cream shop that opened May 15.
PopUp Bagels — Viral bagel shop from the Northeast, slated to open later this summer, the second location after a recent Dallas debut in Inwood Village.

The project will ultimately include approximately 75,000 square feet of retail space, 12,000 square feet of restaurant space, 74,000 square feet of office space, and 500 underground parking spaces, the release says.

“The addition of these distinctive brands reflects our commitment to curating a retail environment that is both leading-edge and deeply engaging,” says Mark Masinter, managing partner and co-founder of Ignite-Rebees, in the release. “Henderson Avenue is evolving into something really special and intentional, and these tenants — and the soon-to-be announced next round of tenants — are a reflection of that.”

Henderson Avenue development A rendering of 2200 N Henderson Ave, with design by GFF. Rendering by Pictury

Construction teams have completed the structural phase and are now moving into interior build-outs and finish work. Dallas-based architecture firm GFF designed the project as a collection of 10 distinct buildings connected by landscaped walkways and public gathering spaces.

The development will also include the previously announced Romy, an all-day bakery-cafe and restaurant from hospitality team Tristan Simon and Taryn Anderson alongside chef Matt Ford.

“When the project is complete, Henderson Avenue will feature an extraordinary mix of brands housed in a collection of design-forward buildings that you simply won’t find anywhere else in Dallas,” Masinter says.

development bagels henderson-avenue