The DFW multifamily market has ~3,200 apartment communities, with 70 of those opened in the past 12 months. Another 110 communities are under construction, and 130 communities are proposed for construction. But can the market keep up with the consistent demand for apartment housing in the Metroplex?
Before the COVID-19 pandemic tightened its grip on the world, DFW metro area developers were experiencing a 2.5-year wait with area architects to get their multifamily projects designed and through the permitting process. Add to that an already existing unmet 3-year demand for affordable rental units, and it’s clear there is capacity for growth to help the market meet the demand.
There is a better way to do things. Small firm dynamics can offer a more robust level of service to help meet demand for this growth market. Development advisers and construction managers like DSGNworks have the experience and expertise to tackle large projects – especially those that have encountered hurdles – and give them the one-on-one attention and problem solving, quality deliverables, and discerning perspective needed to see their project over the finish line.
“With regular communication, processes, standards, and coordination with all of the consultants, we’re able to stage out the project and budget to ensure we adhere to the set timeline,” says Bobby Finta, DSGNworks Vice President of Architecture and self-professed contractor’s architect. “We’re not only experienced in multifamily development, we can also help select more experienced multifamily general contractors to construct the buildings on time and within budget.”
And with a vetted network of contractors, suppliers, and more, development advisers and owner’s representatives such as DSGNworks can kickstart stalled or delayed projects to help owners meet their construction deadlines and more quickly see a return on their investment.