Dallas-Fort Worth is the No. 1-ranked commercial real estate market to watch based on investment, development and homebuilding prospects, according to a study conducted by researchers at PricewaterhouseCoopers and the Urban Land Institute.
The 2016 Emerging Trends in Real Estate study, released Wednesday, cites the dominance of growth markets — such as Dallas — in this year's top 10 markets to watch based on the current growth pattern with restrained levels of new construction.
Other cities in the top 10 include Austin, Charlotte, Seattle, Atlanta, Denver, Nashville, San Francisco, Portland and Los Angeles.
In Dallas, job growth is fueling the real estate market and investor's outlook on the region and economy. According to the survey, respondents were positive on all property types in Dallas-Fort Worth as it pertains to investment and development potential.
Even though there are concerns about overbuilding, the sentiment is that new construction is still justified. The outlook for single-family home construction remains very strong and Dallas-Fort Worth is one of the best in the southern region.
Overall, the United States and Canadian real estate markets has a rosy outlook based on input from property owners, developers, investment managers, lenders and homebuilders.
"You can never forget about cycles, but the next 24 months look doggone good for real estate," a lending officer told researchers.
Candace covers commercial and residential real estate and sports business.
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