Fort Worth beats Dallas in real estate activity over the past decade, ranks 4th in US
Fort Worth ranked fourth for most real estate activity across the nation over the past 10 years, beating out Dallas at fifth place, according to a new report by self-storage website StorageCafe.
All of the country’s top five cities for real estate development were in Texas, with Houston leading the way followed by San Antonio and Austin.
Over the past decade, North Texas has grown across real estate sectors, including single-family homes, multi-family apartments, self-storage, office, retail and industrial construction.
More than 51,000 building permits were registered for single-family homes during that time, the second highest rate in the nation, following Houston. Seventeen-thousand homes were permitted in Dallas during the same period.
The Metroplex gained thousands of apartments. Dallas saw permitting of nearly 69,000 new multi-family units, while Fort Worth saw about 37,000.
Fort Worth also saw the second most industrial construction in the nation. More than 58 million square feet of new industrial space was built in Fort Worth between 2013 and 2022. Dallas ranked third with about 31 million square feet of industrial space.
Fort Worth added 3.2 million square feet of storage space while Dallas added 3.1 million square feet. And Fort Worth had 6.6 million square feet of new retail construction, surpassing the 4 million square feet in Dallas.
Dallas’ office sector grew by 9.8 million square feet while Fort Worth’s grew by 5 million square feet.
StorageCafe analyzed data from the U.S. Census Bureau, Yardi Matrix and Commercial Edge for its report.
