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, DFW 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.
Dallas-Fort Worth, Austin and Miami ranked as the best markets for this year in CBRE’s 2023 U.S. Investor Intentions Survey.
North Texas led the nation in total commercial property investment in 2022 with more than $42 billion in transactions, according to the latest estimate by MSCI Inc. The DFW area has outpaced other U.S. metros for commercial property buys for three years in a row. Read More >
Denton Record-Chronicle. (2023, January 26). Investors say DFW will be the top commercial property market in 2023 [News post]. Retrieved from https://dentonrc.com/business/investors-say-dfw-will-be-the-top-commercial-property-market-in-2023/article_04a11943-d620-5969-86b5-adedec85915a.html