Dallas-Fort Value continues to steer the nation in each residence shopping for and constructing. And the D-FW space is the nation’s prime industrial property funding market.
Within the first half of 2022, traders snapped up greater than $12 billion in North Texas residence properties — essentially the most of any U.S. metro space, in keeping with a brand new report by Newmark Group. D-FW residence gross sales far outpaced the closest different main U.S. markets, Phoenix and Houston, which every had about $7 billion in gross sales through the first six months of this yr.
Nationwide residence gross sales have been close to document ranges.
“Investor urge for food surged within the second quarter of 2022 with $86.3 billion in gross sales quantity, representing a 42.4% year-over-year improve in addition to the third-largest quarterly sum in historical past,” Newmark Group’s analysts stated.
The D-FW ranked first within the nation for each residence and industrial constructing gross sales within the first half of this yr, in keeping with Newmark.
North Texas recorded greater than $4 billion in industrial constructing gross sales.
Nationwide multifamily and industrial funding accounted for 57% of whole industrial property funding this yr.
A complete of $22.9 billion in North Texas industrial actual property gross sales quantity was recorded within the space within the first half of 2022 — essentially the most of any U.S. market. Complete gross sales exercise in D-FW was up about 50% year-over-year.
Los Angeles was second for industrial property funding with greater than $15 billion in exercise.
“Quarterly funding quantity elevated by 17.5% year-over-year to $190.3 billion in second-quarter 2022, representing the third largest quarter quantity whole in historical past,” Newmark analysts stated.
Together with main the nation in residence and industrial constructing trades, D-FW was within the prime 5 for workplace and retail property transactions.
Greater than 17,000 new flats have been added to the North Texas market within the yr ending with June, Newmark discovered. D-FW ranked together with Houston and Austin as the highest metro areas for brand new flats.
D-FW ranked fourth nationwide for residence demand with 23,900 in web leasing.