Dallas is booming. The market cemented its position as the #1 U.S. market for commercial real estate construction during the Covid-19 era despite the challenges of the pandemic.
In the period from Q2 2020 through Q1 2021, Dallas construction starts grew 24% year-over-year. The value of starts was just over twice as large as the next biggest market, Los Angeles. Los Angeles outperformed Dallas in only the retail sector.
Industrial accounted for 33% of all construction starts in Dallas during the Covid era. The #2 market for industrial construction starts was the Inland Empire, though in this market there was little else that was started and it placed at #23 in the overall ranking.
The apartment sector represented the majority of starts in all but five of the top 15 markets in this 12-month period. Dallas moved up three spots from 2019 to supplant the NYC Boroughs, which since 2015 had held the #1 spot for apartment construction starts.
To learn more about the data behind this article and what Real Capital Analytics has to offer, visit https://www.rcanalytics.com/.
Sign up to receive our stories in your inbox.
Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.