Friday, January 24, 2014

Dallas takes #2 spot for U.S. commercial real estate

Both Dallas and Fort Worth have made it on a list of the top U.S. commercial real estate markets, according to Coldwell Banker Commercial.
The nationwide commercial real state firm compared dynamics including population, the office market, apartments, shopping centers and labor conditions for its new report.
Dallas ranked second on the list behind only Orlando.
Austin was fourth in the ranking and Fort Worth got the number seven spot.
“Commercial real estate is well positioned across all sectors as we start 2014,” said Fred Schmidt, president and chief operating officer of Coldwell Banker Commercial Affiliates. “Supply continues to gradually decrease while demand gradually increases, putting the overall market in a favorable position. We look forward to seeing how these trends will continue to influence the market in the new year.”
Dallas got the highest marks in the report for the strength of its retail market and strong population growth.
-Steve Brown, The Dallas Morning News