Commercial property buyers are targeting North Texas as the top market for new deals this year.
The Dallas-Fort Worth area ranked first in the nation for 2023 real estate investment among the 10 largest U.S. metro areas, CBRE Group found in a new survey. “In prior downcycles, D-FW has proven to be more resilient than the U.S. as a whole due to the business-friendly state government, low cost of living, high quality of life and economic diversification of the Metroplex,” Danny Baker, a CBRE vice chairman said in a statement.U.S. Investor Intentions Survey.
in total commercial property investment in 2022 with more than $42 billion in transactions, according to the latest estimate by MSCI Inc. The D-FW area has out-paced other U.S. metros for commercial property buys for three years in a row. Apartment and industrial building sales accounted for the largest share of D-FW’s 2022 property investment volume.“While there is uncertainty on a macro-level, its apparent that the apartment sector in D-FW has strong tailwinds are once again proving resilient, and apartments will continue to be a favored property type for investors,” Baker said.