Commercial and multifamily construction starts in the Dallas-Fort Worth skyrocketed 51% in 2022 to nearly $16.7 billion, according to a new report by Dodge Data & Analytics. That ranked the region at No. 2 in the U.S., behind only the New York metropolitan area.
According to the report, hotels were the only sector in DFW to fall for the year. The two biggest commercial projects seeing action during the year were a $314 million Hall Park tower development and a $206 million Walmart distribution center.
Multifamily starts rose 48% over the year, with the largest multifamily projects including the $119 million Hanover Preston Hollow residential apartment building and the $177 million phase 3 of the Trinity Green apartments on Singleton Boulevard in West Dallas.
By comparison, in the heavily COVID-impacted year of 2020, DFW commercial construction starts totaled only $7.47 billion, according to Dodge Data.
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