ULI ‘s Chief Content Officer to Present Findings in Dallas, Oct. 21
DALLAS, TX, Oct. 8, 2015 – According to the highly-regarded Emerging Trends in Real Estate 2016 report compiled annually by the Urban Land Institute and PWC, Dallas/Fort Worth is the #1 market in the nation for overall real estate prospects, up from 5th in 2015. Released yesterday in San Francisco during the Urban Land Institute’s national Fall Meeting, the report, based on a survey of over 500 real estate executives and 125 industry leaders, provides confirmation of the strong real estate market in North Texas.
North Texas highlights from the report include:
- Dallas / Fort Worth is also #1 for homebuilding, #2 for investment and #3 for development (p. 37)
- Interviewees suggested that, along with Atlanta, “current growth pattern along with restrained levels of new construction makes this a good time to invest in these markets” (p. 31) and Dallas / Fort Worth’s “strong job growth are driving the local economy. This job growth is supported by a business friendly environment along with an attractive cost of doing business and cost of living” (p. 39)
- “Survey respondents were positive regarding all property types in the Dallas/Fort Worth market and in both the investment and development potential. Concerns about potential overbuilding are on the market’s mind, but the sentiment is that new construction is still justified at this time.” (p. 39)
- Dallas / Fort Worth is a strong market for co-working firms, which lease common office space for a variety of sole proprietors, start-ups, and entrepreneurs (p. 10)
- Dallas / Fort Worth is recognized as a market “with hospitals, universities, trade ports, and strong infrastructure generat(ing) higher quality of life” (p. 38)
- “A public pension fund investor calls luxury apartments in urban infill areas the ‘best bet’ for 2016: ‘We…like the multifamily markets in Seattle, Dallas, and Atlanta.’”
ULI North Texas will present the 12th annual Emerging Trends event on October 21, 2015 at the Westin Galleria. This event will feature Kathleen Carey, chief content officer for the Urban Land Institute, who will provide details and background on the survey, jointly undertaken by PWC and ULI. Register for the event today.
Dallas will host the 2016 ULI Fall Meeting, including the release of the Emerging Trends in Real Estate 2017 report, in October 2016.