Hottest Multifamily Submarket in DFW - Where would you develop next?
Trying to get some insight into what areas in DFW are projected to have greater population/job/rent growth in the next few years. Trying to source new deals for my development firm. If you could provide some reasoning with your answer that would be highly appreciated.
[{"id": "hzvvfii", "text": "NE DFW, US-75 corridor north of McKinney, Melissa up to Denison. Why? Texas Instruments has made a huge commitment to build a new chip facility in Sherman. Land prices are nuts though. \n\nYou could also look at the planned extensions of the DNT a bit west of US-75, although some of that may be more speculative. You can see the SFH developers pushing dirt like crazy between Prosper and Pilot Point.", "replies": [{"id": "hzzis39", "text": "How strong is the correlation between SFH and MF growth? Trying to see how good of an indicator new SFH development is when it comes to deciding where to build apartments.", "replies": [{"id": "hzzkoev", "text": "No idea, sorry, I don't do multi-family.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]