Dallas-Fort Worth is #2 Target for Commercial Real Estate Investment, CBRE Survey Finds

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. 

Click to read more at CBRE.

Office Volume Is Off But Pricing Holds

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

Trez Capital’s latest $100M bet gives this developer millions to build in DFW

Phoenix-based NexMetro Communities plans to invest upwards of a half-billion dollars in the next few years on new luxury leased communities in Dallas-Fort Worth. The investment plan comes after the company closed a deal in excess of $100 million with Trez Capital, one of the largest private non-bank lenders in North America.

Trez Capital, which has an office in Dallas, will initially help back five of NexMetro’s Avilla Homes communities this year in Phoenix, Dallas and Denver. The lending relationship will be managed from the Canadian-based firm’s Dallas office.

Click to read more at Dallas Business Journal. 

Fast-growing tech industry bolsters DFW’s ranking as a top office market

A surge of double-digit employment growth in Dallas-Fort Worth’s tech industry has helped push office rents up in the last two years as high-tech companies demand tech-savvy real estate.

With the largest tech-related labor pool in Texas, real estate sources say there’s no sign the demand for workplaces in North Texas will taper off anytime soon.

“Dallas-Fort Worth is identified as one of the five markets with the greatest growth potential,” said Jeff Eiting, a first vice president in CBRE’s Dallas office.

Click to read more at Dallas Business Journal. 

CBRE: Investors expected to bank on future hotel development in DFW

The big economic boom in the Big D has hit North Texas’ hospitality sector in a big way, with the region leading Texas in the industry and outperforming the rest of the United States.

And that’s saying a lot since CBRE researchers expect hotel occupancy to continue to increase through 2019, which has triggered real estate investors and developers to bank on the industry’s future.

Click to read more at Dallas Business Journal.

Robust economy helps DFW rank as a top U.S. housing market stronghold

With nothing expected to stop Dallas-Fort Worth’s strong and growing economy next year, some analysts say North Texas will be one of the top housing markets in the United States.

The region ranked as the No. 2 housing market in the country, behind Las Vegas, based, in part, on the region’s economic prowess, which includes a low unemployment rate and ability to build new homes for a fast-growing residential population, according to realtor.com’s 2018 National Housing Forecast released Wednesday.

Click to read more at Dallas Business Journal.