DALLAS — North Texas multifamily developers are building larger apartments in the suburbs, but smaller units in the two biggest cities, Dallas and Fort Worth. In other rental-related news, Plano ranks highest in Texas for amenity-packed apartment living.
Those are the findings of two separate studies released this week.
The first study, by RENTCafé and Yardi Matrix, found that McKinney is one of a handful of cities to make a full U-turn when it comes to the size of new apartments. Current projects point to an average apartment size of 1,015 square feet for rental complexes in the works, which is 98 square feet larger than in the last five years — a space that could easily translate into a home office or another useful area as remote working has become part of the culture rather than a passing accommodation, the study’s authors note.
McKinney registered the eighth largest increase in apartment size in the U.S. compared to five years ago.
RENTCafé analyzed apartment floorplans in buildings under construction in 92 cities to come up with its findings. To see how other Texas cities and the rest of the country fared, click here.
Irving apartments also showed a small upgrade of 27 square feet. New renters can get decently sized apartments in Irving with an average measurement of 897 square feet.
Lewisville is another suburb that joined the upsizing trend. While apartments here measured 887 square feet on average in the past five years, new ones are adding 15 extra square feet.
However, the two biggest cities in the metro cut against the trend. Dallas apartments that are under construction this year are 17 square feet smaller, on average, compared to the 2016-2020 average of 913 square feet.
Fort Worth apartments are also decreasing in size, by 36 square feet, from a 2016-2020 average of 922.