DALLAS-FORT WORTH - A new forecast from CBRE Group predicts continued strong demand for buildings during the next few years.
The bottom line: Expect real estate demand in DFW to continue to grow along with jobs and population.
“The local economy is expected to support healthy demand across property sectors,” Sara Rutledge, CBRE’s director of research and analysis said. “Industrial will likely moderate slightly given limited availability until new construction comes online.”
“Multifamily is also expected to moderate given that it is later in the cycle,” she said.
“Going forward the Metroplex should remain an attractive place for corporate users — Toyota is a prime example of that.”
CBRE’s research shows that since 2010, 106 companies — the highest number for any Texas office market — expanded or relocated into space in the DFW area.
Most of the leases were by companies in insurance (27 percent), financial services (15 percent) and technology (13 percent).
Insurance is at the top of that list mainly because of State Farm’s new 1.3 million-sf office complex under construction in Richardson.
For more on Toyota’s move, see previous story Toyota 'Going Places' with $350M Plano HQ. For more on the CityLine development, check out previous story State Farm-anchored $1.5B Richardson project details.