Patrick O’Connor from O’Connor & Associates discussed the smart way to protest property taxes with BACREN members March 16, 2017.
Dallas/Fort Worth is #2 Target Market for Investors, Up from #3 in 2016
Industrial is Most Attractive Property Type for Investment Ahead of Multifamily
DALLAS – March 13, 2017 – The prospect of increased U.S. economic growth combined with less regulation means that investor sentiment for commercial real estate investment is marginally more positive than last year, despite the potential for rising interest rates, according to the CBRE Americas Investor Intentions Survey 2017 (attached).
The 2017 survey results reveal that investors will remain actively engaged in real estate investment this year, with the majority (67%) intending to be net buyers (more acquisitions than dispositions). The percentage of net buyers has increased since 2015 (60%) and 2016 (65%). The vast majority of these investors (83%) intend to maintain or increase their purchasing activity in 2017
Texas has been named a top state for new and expanded corporate facilities once again, according to Site Selection magazine.
The magazine’s two Governor’s Cups for 2016 went to Texas for the most qualified projects of any state and Nebraska, which won in the per capita category. The Houston and Dallas metro areas also were recognized on a top-10 list, but Austin didn’t make that cut.
Click to read more at Austin Business Journal.
Of the 2 million poor Californians that left the state from 2000-2015, most of them are relocating to Texas. When accounting for poor Texans moving to California — which is a much smaller number — the Lone Star State had a net gain of 155,000 poor Californians.
This comes from a Sacramento Bee study that examined U.S. Census data around the phenomenon. So, is this true? And if it is, what does it mean to the Texas and Dallas economy to have an influx of poor people?
Click to read more at Dallas Business Journal.
Dallas-Fort Worth has ranked as the No. 1 market in the United States — based on office leasing velocity — with nearly 5.3 million square feet of office space leased in 2016, CBRE research says.
Meanwhile, Houston has a big hole of sublease space to fill.
Click to read more at Houston Business Journal.
Construction of industrial facilities measuring 1 million sq. ft. or more is strongest in large industrial markets that benefit from the booming e-commerce trend. Since 2010, nearly 90 million sq. ft. of these mega facilities have been completed in the top 10 markets.