With higher demand than supply, housing in Dallas has lately come at a premium, so local developers recently purchased largely empty office buildings with plans to convert them into downtown apartments.
. “That will bring a massive increase in daytime, weekend and nighttime population downtown … [which] will support the restaurants, the amenities, the service retail — all the great things that make a great urban neighborhood.
“Converting an office building is not as big a concern as if they were taking an existing housing building … occupied by people paying lower rent and renovating it and jacking up the cost,” Rollins explained. “It’d be nice if they shifted their focus a tad, [but] it doesn’t sound like they’re harming anybody directly, and even if they’re not, you know, it’d be nice if they would help.”
Todd agreed that there is a need in Dallas for housing for people of all income levels but said that across the country, Dallas is still relatively affordable compared with other cities, which is partly why people are moving here. "I do think Dallas as a whole is still a lot more affordable than a lot of other cities of our size, which is great," he said."When you're moving here from New York or California, or even people now moving from Miami because it's gotten so expensive, they view some of the residences here as a great value to them. So, I think that's a positive that Dallas has for it.
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