CBRE: DFW No. 2 target market for investorsCBRE: DFW No. 2 target market for investorshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=160822017-03-14T05:00:00Z2017-03-14T15:00:00Z

​​​DALLAS – Dallas-Fort Worth ranked as the number two metro for property investment this year, according to the CBRE Americas Investor Intentions Survey 2017.

North Texas, ranked just behind Los Angeles, is up a spot from number three in last year's survey, edging out New York City.

"Dallas-Fort Worth continues to be a very attractive market for institutional and private equity investors. Our sustained job growth over the last seven years, with no apparent reversal in sight, is providing lift across numerous asset classes," said Chris Hipps, senior managing director of investor services at CBRE. "Specifically, the industrial sector, with a vacancy rate of less than 10 percent since 2012 and an average annual net absorption of 17.7 million sf, is seeing high investment sale volumes."

Houston and Austin also are viewed as attractive markets for investment, ranking seventh and 11th, respectively. 

The 2017 survey results reveal that investors will remain actively engaged in real estate investment this year, with 67 percent intending to be net buyers (more acquisitions than dispositions). The percentage of net buyers has increased from 60 percent in 2015 and 65 percent in 2016. ​​The survey shows that 83 percent of investors intend to maintain or increase their purchasing activity in 2017.

The 22-question Americas Investor Intentions Survey 2017 was conducted among CBRE clients between Jan. 6 and Feb. 6, 2017. The Americas survey is part of the larger global survey, for which nearly 2,000 responses were received.

Dallas-Fort Worth-Arlington
Read more at {Source}

 Search NewsTalk Texas