Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Tuesday, March 14, 2017
D-FW climbs list for property investors:Commercial property investors rank it behind L.A., ahead of New York
D-FW climbs list for property investors
Commercial property investors rank it behind L.A., ahead of New York
Real estate investors have pushed Dallas-Fort Worth to the top of their shopping list — behind only Los Angeles among the best commercial property markets in the country.
Real estate investors have pushed Dallas-Fort Worth to the top of their shopping list — behind only Los Angeles among the best commercial property markets in the country for 2017.
D-FW surpassed New York City to become the No. 2 real estate market in the U.S. in CBRE’s annual investor survey.
“Dallas-Fort Worth continues to be a very attractive market for institutional and private equity investors,” Chris Hipps, senior managing director of investor services for CBRE, said in the report. “Our sustained job growth over the last seven years, with no apparent reversal in sight, is providing lift across numerous asset classes.
“Specifically, the industrial sector, with a vacancy rate of less than 10 percent since 2012 and an average annual net absorption of 17.7 million square feet, is seeing high investment sale volumes.”
A record of over $6 billion in major commercial property sales was recorded in North Texas last year.
The D-FW area ranked ahead of Washington, D.C., Atlanta, San Francisco and Seattle in the list of metro areas that property investors are most bullish about.
“More and more investors are focused on the fundamentals behind a particular metropolitan area,” said Jack Fraker, CBRE vice chairman. “They really do pay attention to statistics on population growth, job growth and corporate relocations.
“Our real estate fundamentals are the all-time best they have ever been. We have a very good story to tell.”