Downtown Dallas Wakes From Sleepy Past
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Downtown Dallas was the slow point in this Texas cities real estate market. The activity was in the suburbs or in the central business district. Now the activity is in the downtown region and properties are changing hands quickly as the land rush is on.
The activity is not amongst the institutional investors like the major banks and pension funds, but the entreprenuers. Presently downtown Dallas has a low occupancy rate and depressed rental rates, but these speculators see the potential for a turnaround.
After watching years of redevelopment in Dallas’ central business district, they’ve decided to make a move. More than $400 million in downtown office towers have changed hands in the last few weeks, and more transactions are in the works.
Longtime downtown proponents say it’s proof that the turnaround has taken hold. It’s also evidence that real estate investors are craving new markets.
“The good news is that they are taking notice of the city paying attention to CBD and the new residential and retail construction going on,” said John Zogg, managing director of Crescent Real Estate Equities, downtown’s biggest office landlord. via WFAA.com
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
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I see the question I have, but no response. I do not have a for sale sign up ...
