Commercial. Residential. Investment. Single or Multi-Family New Construction. Dallas, according to PricewaterhouseCoopers LLP and the Urban Land Report’s Emerging Trends in Real Estate, is the place to be.
Considering factors like favorable demographics, growing industry, and attractive cost of doing business, Dallas ranked #5 for the top markets for real estate in 2014, scoring high marks in the areas of investment, development, and homebuilding.
Also fueling DFW’s ranking is the area’s strong economic recovery, housing affordability, and business-friendly environment. The forecast for the market shines bright, as Texas is an attractive option for companies looking to either expand or relocate. And with commercial growth comes residential.
“Housing and manufacturing are projected to keep the Dallas/Fort Worth economy expanding in 2014,” says the report. “The Dallas/ Fort Worth economy will continue to benefit from high concentrations of technology, corporate headquarters operations, excellent distribution infrastructure, and above-average population gains.”
The 2014 ranking is up 4 spots from the metro area’s 9th place finish in 2013.
Source: PwC and the Urban Land Institute. Emerging Trends in Real Estate 2014. Washington, D.C. :PwC and the Urban Land Institute, 2013.