Dallas-Fort Worth continues to rule commercial realty market

Dallas-Fort Worth continues to rule property investments in 2024. That's the current news from the U.S. Investor Intentions Survey from CBRE Research. Dallas-Fort Worth has actually been at the top of investors' lists for 3 successive years. The area is followed by Miami, Raleigh, North Carolina, and Nashville, Tennessee, respectively, as the most favored financial investment markets.

In the study, the most significant obstacles to commercial realty investment activity for the year were interest rates that have actually remained higher for longer, tight credit conditions and differing buyer and seller expectations, investors said.

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Regardless of those concerns, investor sentiment has significantly improved, according to the study. Over 60% of respondents anticipate to purchase more property in 2024 than in 2023, compared with just 16% in 2023 versus 2022.

The survey results revealed financiers preferred multifamily realty, particularly Class A residential or commercial properties, followed by commercial and logistics. Grocery-anchored centers are most favored by retail investors, which fits right in with the upcoming H-E-B openings in the area. Almost 60% of office financiers choose prime/trophy workplace homes, which connects into the new workplace homes being integrated in the Cultural District and along West Seventh Street.

Pickleball opening set for West Fort Worth

The Picklr will open May 24 at 1705 S. Cherry Lane in West Fort Worth. The club is in a previous Dirt Cheap place.

The 34,000-square-foot Picklr has 11 indoor courts with top quality, outdoor-style surfacing, a complete pro shop, personal event space, unlimited league play, tournaments and open play.

Picklr prepares extra places in Hurst and McKinney.

" Bringing The Picklr to West Fort Worth, Texas, means our community will gain from the best-in-class in indoor pickleball," stated Zion Meer, the franchise owner of the West Fort Worth and Hurst areas.

The North Texas Picklr areas become part of a nationwide expansion for the franchise that includes 262 new areas signed throughout 36 states, with more than 2,000 courts being constructed over the next few years.

Real estate offers

Kurita America has rented 90,278 square feet at South Fort Worth Commerce. Matt Carthey and Thomas Grafton with Holt Lunsford Commercial represented the property manager, IDI Logistics. Courtside Couture has leased 316 square feet at Ridglea Village, Fort Worth.

Do you have something for the Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org.

Bob Francis is business editor for the Fort Worth Report. At the Fort Worth Report, news decisions are made separately of our board members and financial supporters.

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by Bob Francis, Fort Worth Report.
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