A recent survey of commercial real estate investors ranked Dallas-Fort Worth as one of the top two target markets for investment among Americas metros, second only to Los Angeles/Southern California.
CBRE’s 2018 Americas Investor Intentions Survey, which covered all asset types, shows that 88 percent of investors plan to either maintain or increase spending in 2018—up from 83 percent in 2017.
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The Texas office market had a rather slow fourth quarter, with dollar volume and average prices both falling below the levels of the previous years. Dallas-Fort Worth and Houston were the most active markets during the final three months of the year. Nevertheless, Yardi Matrix office data shows that, while the Lone Star State recorded a less-than-stellar quarter, the whole of 2017 showed average prices reach a five-year peak, as buyers competed to grab quality office assets.
Yardi’s year-end analysis also shows that Dallas-Fort Worth remains the top target for new office construction in Texas, even if office properties in Houston fetch much higher prices. The DFW market welcomed nearly 6 million square feet of new office space during 2017, and is scheduled to deliver an additional 9 million square feet by the end of 2018.
Read more at GlobeSt.com