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Real estate investment in D-FW is higher than the closest US market, Los Angeles, with $15.5 billion in sales in the first half of 2022.
Austin ranks 10th with $7.4 billion in revenue.
Nationally, $375.8 billion in real estate investment was acquired – up 38% from the first six months of 2021.
New York investors KKR and Blackstone Group were the most active buyers of US real estate until June.
With nearly $23 billion in revenue, Dallas-Fort Worth will lead the nation in real estate investment in the first half of 2022.
North Texas, according to the latest estimate from global real estate advisor MSCI Inc. leads Los Angeles, Atlanta, and Houston on the list of the largest commercial real estate sales and investment markets in the country.
The transactions include sales of D-FW properties including apartments, offices, industrial buildings, and retail.
“For the third consecutive year, Dallas ranked first in the market at mid-year,” said a newly released MSCI report. “Dallas, which is also the number one market for apartment investment, is sure to benefit from the enthusiasm with which investors are pouring into the sector.
“Total investment volume by mid-year was $22.9 billion, surpassing the previous market record by 54 percent.”
About half of North Texas real estate sales this year are condos. And selling real estate in Dallas is one of the leading commercial real estate transactions nationwide.
Regent Properties’ $615 million acquisition of the Trammell Crow Center skyscraper in downtown Dallas is the 10th largest real estate deal in the first half of this year, according to New York-based MSCI.
Reference Source: The Dallas Morning News
