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North Texas third nationally in construction investmentNorth Texas third nationally in construction investmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120472016-02-08T06:00:00Z

​​​​DALLAS – The Dallas-Fort Worth region had a 35 percent growth in year-over-year spending in construction activity in 2015, bringing​​ investment in new commercial real estate to $6 billion.

The metro now ranks third nationally in construction in​vestment.

New York City and Miami ranked first with $34.9 billion and second with $6.3 billion of construction investment, respectively, according to Dodge Data & Analytics research.

​"Factors such as generally rising employment and declining vacancy rates should encourage further growth for offices, hotels, and warehouses, while store construction remains more problematic given the shifting retail landscape," said Dodge Data Chief Economist Robert Murray. 

DFW's 35 percent rise in spending on commercial real estate stems from gains in the development of commercial and apartment real estate, which were 44 percent and 21 percent, respectively. 

Dallas Business Journal
Dallas-Fort Worth-Arlington
Economy
http://www.bizjournals.com/dallas/news/2016/02/05/dallas-fort-worth-developers-spend-6b-on.html?iana=ind_creRead more at {Source}

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