ULI Ranks DFW Top US Real Estate Market
It confirms what North Texas commercial real estate pros already know: Dallas-Fort Worth ranks No. 1 in the US for overall real estate prospects, according to the Emerging Trends in Real Estate 2016 compiled annually by the Urban Land Institute and PwC. ULI North Texas executive director Pamela Stein tells us the report is based on a survey of more than 500 real estate executives and 125 industry leaders nationwide. The report also ranks DFW as the No. 1 market for homebuilding, No. 2 for investment and No. 3 for development. Pictured: Pam, this summer, with Herrin Commercial Real Estate principal Sharon Herrin, Dallas mayor Mike Rawlings and co-chairman of the mayor’s task force on poverty Regina Montoya.
The report suggests Dallas (and Atlanta) have a growth pattern coupled with restrained levels of new construction, making it a good time to invest. DFW’s strong job growth, supported by a business-friendly environment, makes the market attractive, especially when you consider the affordable cost of doing business and cost of living. There’s more good news: Pam says ULI North Texas will host one of the first regional events to outline the stats and findings from the report. ULI chief content officer Kathleen Carey and DTZ chief economist Kevin Thorpe headline ULI’s 12th annual Emerging Trends event on Wednesday at the Westin Galleria. Register at northtexas.uli.org. ULI will also announce its 2016 Vision Award winner. (The Perot Boys are past honorees.)