Are you wondering if you should invest in the Dallas-Forth Worth area real estate market? Let’s look at some reasons it could be a sound financial decision.
Dallas Tops All Investment Spots
According to the real estate leader Colliers, the Big D will be America’s best city for real estate investments in 2022. Beating Los Angeles and New York in Colliers’ recent investor outlook report, Dallas clinched the top spot, in part, for leading the nation in investment sales for the past two years running. The analysists don’t expect to see Dallas unseated as the reigning champ in 2022.
Commercial Real Estate is Booming
With property transactions that totaled about $47 billion in 2021, the DFW area was one of the country’s top investment markets for commercial real estate, according to data from Real Capital Analytics. Half of those investments in 2021 were purchases of apartments. Where will commercial real estate be in 2022? Citing both population and job growth, property prices, and unemployment rate among more than two dozen factors, the real estate platform CrowdStreet ranks the DFW area at No. 8 in the nation for investments in commercial real estate.
And there’s lots more commercial space on the way in the Dallas-Fort Worth real estate market. Even with recent construction shortages we’ve seen due to the disruption of the global supply chain, DFW-area construction starts are going strong. Dallas-Fort Worth is currently leading the nation in the construction of industrial space with about 61 million square feet underway as 2021 came to a close.
A Rosy Outlook for Rentals
In 2021, we saw record-setting investments in multi-family residential real estate, as Dallas-Fort Worth led the country with staggering sales of $27.9 billion – over 8% of all such sales in the United States. This, according to the real estate giant CBRE, which notes that North Texas also outpaced the national average in rent increases. With that rental rate projected to rise between 6% and 7% over 2022, it’s a great time to own rental properties in the DFW area.
Give us a call today at (972) 591-3097 to speak with a specialist about your next real estate investment.
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