The Dallas-Fort Worth area is forecast to be one of the top commercial real estate markets in the country in 2015, according to a respected industry forecast.
Three Texas cities made it onto the annual list of best markets in the Emerging Trends in Real Estate report released Wednesday by the Urban Land Institute and PriceWaterhouse Coopers.
Houston, Austin, San Francisco, Denver and D-FW were singled out for their strong real estate fundamentals, according to a poll of more than 1,000 property market leaders. The cities are singled out as the best place to build and invest in real estate.
“Interviewees raise the possibility that despite being ranked lower than Houston, the economic diversity could make the current growth rate more sustainable in Dallas-Fort Worth,” the report says. “The market continues to be attractive to real estate investors because of its strong job growth, which benefits from the low cost of living and doing business.
“The comparative strength of the local Dallas/Fort Worth market seems like it can be attributed to the strength of the local economy that is supported by an active and viable local development community,” the forecast continues. “Investor demand remains high and there are no concerns about the availability of capital for 2015.”
The forecast predicts continued increases in the real estate business in the coming year.
“Unlike previous reports and previous cycles, we are seeing sustained growth,” said PwC’s Mitch Roschelle.
Sources:Emerging Trends in Real Estate
Dallas Morning News
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