Seasoned Property Tax Professional, Sales Leader, Relationship Builder and Client Care Specialist
Commercial Real Estate development is fraught with peaks and valleys. In the case of multifamily, it seems that by the time supply has caught up with the demand that initially drove the investment, that demand has already been satiated...until the cycle starts again. This is a primary reason developers and investors are lobbying local governments to expedite the entitlement and permitting process. Markets can change in the amount of time it takes to go from application to lease-up! As noted in the article, in the DFW area "The market is expected to rebalance over the near term as construction levels fall to a 10-year low."
