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The big count of urban residential units in Fort Worth

residential units proposed list

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#51 Urbndwlr

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Posted 21 September 2022 - 01:13 PM

Dont know if you agree but I was concerned about the various designs shown for the Kent project over the years.  There appears to be a good stream of new supply coming, so I'm not upset to see that one take a breather.  Meaning will probably be sold to someone else. 

 

Its ideal if Downtown has a relatively smooth/consistent pattern of apartments completed each year, not all in massive lumps in the same year.  Those massive supply spikes depress market rates for a bit, which spook new projects and we wind up with a whiplash of new development projects.  Those big spikes do offer tenants a good deal at first, but then they tend to be hit with a huge increase in year 2-3.

 

The problem is these take years to pull together so is hard for the developers to realistically time them vs one another.  



#52 Austin55

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Posted 18 July 2023 - 03:05 PM

I haven't updated the sheets lately, but there does seem to be a slowdown in new starts of multifamily projects recently. Probably no surprise with the interest rate challenge. I'm guessing anything that has started recently had their financing locked in. 







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