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Last year's record building buys in North Texas set the stage for an interesting 2017Last year's record building buys in North Texas set the stage for an interesting 2017https://www.recenter.tamu.edu/news/newstalk-texas/?Item=155352017-01-09T06:00:00Z2017-01-09T22:00:00Z

​DALLAS-FORT WORTH – With billions of dollars of North Texas building sales on the books for last year, agents and investors are hoping more big buys are coming in 2017. 

Higher finance costs and a slower pace of properties coming on the market could reduce the deal total for this year, some forecasters say.

But Dallas-Fort Worth's booming economy is likely to attract more real estate investors from around the world.

"2016 was a record year for sales," said Gary Carr, vice chairman with commercial property firm CBRE. "The previous high-water mark was in 2006 with $4.8 billion.

"Estimates for 2016 were approximately $5.6 billion in DFW sales."


But Dallas-Fort Worth's booming economy is likely to attract more real estate investors from around the world.


"2016 was a record year for sales," said Gary Carr, vice chairman with commercial property firm CBRE.

"The previous high-water mark was in 2006 with $4.8 billion. Estimates for 2016 were approximately $5.6 billion in DFW sales," Carr said.​

Andrew Levy, senior managing director at Holliday Fenoglio Fowler, said only New York and Los Angeles saw more high-profile sales than Dallas last year.

"As to 2016, it will go down as one of the great years for commercial real estate in DFW," said Greg Kraus, managing director of property investor Invesco Real Estate. 

"As I travel the country, I see few regions and metro areas with as much positive traction as we see in DFW.

"We will look back at 2014–17 as a golden period for the Dallas real estate industry."
Dallas Morning News
Dallas-Fort Worth-Arlington
Economy
http://www.dallasnews.com/business/real-estate/2017/01/06/last-years-record-building-buys-set-stage-2017Source: {Source}

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