Resulting Increased Demand

Increased development demand naturally follows growth. In the case of Fort Worth, an atmosphere of frenzied development is bringing new and existing developers to the market who are in a hurry to complete projects to take advantage of the market conditions in residential, commercial, and industrial development. When comparing year-to-date figures for the past three years for single-family permits, the Fort Worth Development Department has experienced an 11.7% growth rate in permits filed 5 (Table 4).

The demand for development is not limited to just the residential market; commercial permits for the same period are double what they were for the previous two years (Table 5).

It is not only the number of projects entering the development pipeline that is increasing but also the overall value across the board. One example can be found in new commercial permits with an average increase of 7.38% since 2018 (Table 6).