Dallas / Fort Worth Market
There are many reasons why we think the Dallas/Fort Worth (DFW) area is attractive for real estate investors. The main one is DFW’s diverse and growing economy.
The Dallas/Fort Worth economy is booming. Companies migrating to the area are attracted by warm weather, no state income tax and a right-to-work labor policy. These qualities, combined with an educated workforce, diverse population, and low housing costs, have led to extraordinary growth that will continue to draw new businesses. Economic expansion will be further fueled by a rise in financial services and high-tech.
Dallas/Fort Worth is home to 21 Fortune 500 companies in diverse economic sectors, including energy, food, healthcare services, telecommunications, and retail.
Dallas/Fort Worth’s central location and vast distribution facilities have made the area a hub for the Southwest. Trade and transportation companies provide roughly one-fifth of total employment and pump billions of dollars each year into the local economy. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters. This means there are lots of employees rotating through the executive suites.
Dallas/Fort Worth’s population has grown by 577,800 people since 2010, making the metro area among the largest in the nation. Over the next five years, the population is expected to grow by another 529,900 residents. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metropolitan area.
The employment boom in the area has resulted in a strong demand for housing. Apartment vacancies are historically low, and there is demand across all apartment classes. Combined with last year, more than 40,000 new apartments have been built across the market, but demand is expected to outpace supply for the near future. Job growth in various service and consumer sectors that pay wages more aligned with Class B and C rents mean that there is a steady demand for these type of apartments. Tight vacancy rates in these complexes mean that in this area also, demand is far ahead of supply.
The DFW Metroplex is an attractive market for MF investors. A recent report stated that, “Demand for apartment assets in the Metroplex has strengthened, and sales activity has been held back only by the limited number of available properties.” Rent growth in the area has risen to historically high levels in recent years, and the booming economy has attracted the attention of investors from all over the world. We believe the time to take advantage of this emerging real estate market is now, when demand is outpacing supply and the trend is expected to continue into the near future.
The Dallas/Fort Worth economy is booming. Companies migrating to the area are attracted by warm weather, no state income tax and a right-to-work labor policy. These qualities, combined with an educated workforce, diverse population, and low housing costs, have led to extraordinary growth that will continue to draw new businesses. Economic expansion will be further fueled by a rise in financial services and high-tech.
Dallas/Fort Worth is home to 21 Fortune 500 companies in diverse economic sectors, including energy, food, healthcare services, telecommunications, and retail.
Dallas/Fort Worth’s central location and vast distribution facilities have made the area a hub for the Southwest. Trade and transportation companies provide roughly one-fifth of total employment and pump billions of dollars each year into the local economy. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters. This means there are lots of employees rotating through the executive suites.
Dallas/Fort Worth’s population has grown by 577,800 people since 2010, making the metro area among the largest in the nation. Over the next five years, the population is expected to grow by another 529,900 residents. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metropolitan area.
The employment boom in the area has resulted in a strong demand for housing. Apartment vacancies are historically low, and there is demand across all apartment classes. Combined with last year, more than 40,000 new apartments have been built across the market, but demand is expected to outpace supply for the near future. Job growth in various service and consumer sectors that pay wages more aligned with Class B and C rents mean that there is a steady demand for these type of apartments. Tight vacancy rates in these complexes mean that in this area also, demand is far ahead of supply.
The DFW Metroplex is an attractive market for MF investors. A recent report stated that, “Demand for apartment assets in the Metroplex has strengthened, and sales activity has been held back only by the limited number of available properties.” Rent growth in the area has risen to historically high levels in recent years, and the booming economy has attracted the attention of investors from all over the world. We believe the time to take advantage of this emerging real estate market is now, when demand is outpacing supply and the trend is expected to continue into the near future.