Quote from @Bruce Lynn:
In General suburban is where the growth is.
Things can change though. Dallas just passed Housing Forward that could change density in some areas. Austin did near the same thing a year ago I think. Not sure it has changed Austin the way people thought it would, or will change Dallas, but it certainly could.
Also in Dallas we have GS and BofA building giant buildings downtown. Big money investors doing projects between downtown and Northpark. Big Money investors buying all kinds of property south of downtown and West of downtown in design district. Billionaire who bought the Mavs bought something like 110 acres where the Cowboys stadium used to be. Plenty of activity in Frisco, but plenty of other places too. Princeton growing so fast they just put the breaks on for 4-5 months. Huge developments announced and dirt moving all the way to Durant OK. So all that is a combo of urban and suburban.
You’ve brought up some interesting points about the shifting dynamics in the Dallas and Austin markets. The growth in suburban areas does seem to be a significant trend, but it’s fascinating to hear about the potential impacts of initiatives like Housing Forward. With major investors making moves in downtown Dallas and surrounding areas, it raises questions about how these developments will influence the overall market.
I'm curious, how do you see the balance between urban and suburban growth playing out in the next few years? With so much activity from big-money investors and new developments, what opportunities do you think will arise for smaller investors or those looking to enter the market? Additionally, how do you think the changes in density regulations will affect housing availability and affordability in both cities? Would love to hear your insights on these developments!
