DFW’s Investment Hot Spots
Investors are keen on DFW for a laundry list of reasons, says Colliers International capital markets managing director Jack Minter, including absorption of space, low vacancy rates, and the growth of private sector jobs. Company relos are also fueling job growth, he says. The hottest submarkets: Far North Dallas and the Infill Triangle (a term coined by Jack and colleague, Creighton Stark, for the area surrounded by 75,635 and the Dallas North Tollway). That’s Jack shooting at the CCIM sporting clays event.
Within the Infill Triangle, the Park Central area is starting to see interest again. Now that the LBJ construction is completed, these areas are starting to experience higher rental rates and buyers want to invest here because property values increase as the rental rates continue to rise, Jack says. Some good examples of the resurgence of the Infill Triangle/LBJ Corridor are Jack and Creighton’s sale of Two Forest Plaza (pictured) as well as Parmenter Realty Partners’ sale of the 846k SF Park Central 7-8-9.