Houston, Austin and DFW are all forecast to be top real estate markets next year. (DMN files)
The Dallas-Fort Worth real estate metroplex is booming to say the least. DFW has secured one of the top commercial real estate markets in the country working its way into a prosperous new year. The region is estimate to be one of the top business land markets in the nation by 2015. Three Texas cities made it onto the annual list of best markets in the Emerging Trends in Real Estate report released Wednesday by the Urban Land Institute and PriceWaterhouse Coopers.
Houston, Austin, San Francisco, Denver and DFW were singled out for their strong real estate land essentials, as per a survey of more than 1,000 property market pioneers. The cities are singled out as the best place to build and invest in real estate.
“Interviewees raise the possibility that despite being ranked lower than Houston, the economic diversity could make the current growth rate more sustainable in Dallas-Fort Worth,” the report says. “The market continues to be attractive to real estate investors because of its strong job growth, which benefits from the low cost of living and doing business.
“The comparative strength of the local Dallas/Fort Worth market seems like it can be attributed to the strength of the local economy that is supported by an active and viable local development community,” the forecast continues. “Investor demand remains high and there are no concerns about the availability of capital for 2015.”
The forecast predicts continued increases in the real estate business in the coming year.
“Unlike previous reports and previous cycles, we are seeing sustained growth,” said PwC’s Mitch Roschelle.
Top 10 commercial real estate markets for 2015. Numbers in parentheses are rankings for, in order, investment, development, and homebuilding. (ULI, PwC)
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