DFW Commercial Real Estate Market Tops in the Nation
It may seem odd to classify 2020 as a successful year, but that’s what it’s been for the North Texas commercial real estate market. Like the rest of the country, sales numbers were down significantly earlier in the year thanks to the COVID-19 pandemic. However, despite the sagging numbers, the Dallas Fort Worth area still rose in the rankings. Now the market is booming again.
According to an October report from Real Capital Analytics, Dallas actually led the nation in commercial real estate acquisitions through September. The nearly $12.8 billion in deals surpassed both Los Angeles and New York. A second report in December confirmed that Dallas had indeed surpassed Manhattan has the largest commercial real estate market in the country.
The reasons why the Dallas Fort Worth area has become the nation’s hottest commercial real estate market are many. Land is plentiful yet reasonably priced. The transportation system, anchored by DFW International Airport, makes the area a convenient hub for national and international business. Then there’s the fact that Texas, and the Dallas area in particular, have a business-friendly climate committed to helping entrepreneurs succeed.
It’s no wonder that so many major corporations have decided to expand their presence in the area. With them come more jobs, more skilled workers, and rapid economic growth with seemingly no end in sight.
As many investors have found, knowing the market well is the key to growing a successful business. LINC Commercial Realty has become one of the key players in this hyper-competitive market. Whether they are looking to broker deals or enlist an elite property manager, time and time again they have turned to LINC to help their business thrive.
If you are looking for a strong partner to help with property acquisitions or property management need, contact the team at LINC Commercial Realty today and how they can help take your business to the next level.