Northwest ISD forecasts 21% enrollment growth by end of decade

In terms of multifamily development, Templeton said that across DFW he is seeing lower occupancy rates, and the total occupancy rate across DFW is 87%.

“I don’t see that changing much since we have so much multifamily [development] under construction,” Templeton said.

He added rent rates have softened a bit—they’re down 2%-2.5% since a year ago.

In terms of multifamily specifics in the district, Templeton said the following:

• There are more than 2,200 multifamily units under construction, 751 of which are single-family rental homes.
• There are more than 6,200 future multifamily units in various stages of planning across the district, including 193 single-family rental units.

Templeton provided the following key takeaways:

• Groundwork continues record pace with over 8,200 lots in development.
• The district has roughly 1,650 homes currently in inventory with approximately 3,900 additional lots available to build on.
• Northwest ISD is forecasted to enroll roughly 46,300 students by the 2034-35 school year.