‘All-Out’ Race For Commercial Real Estate In North Texas Could Stay Just As Hot In 2022 – CBS Dallas / Fort Worth
FORT VALUE (CBSDFW.COM) – Without a doubt, the North Texas real estate market saw unprecedented interest in 2021.
Real estate experts say it’s not just residential properties that have caught the attention of hopefuls, but commercial properties as well.
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Luis Pina, the owner of Accent Commercial Real Estate in Dallas, says investors and business owners looking to evaluate commercial real estate in North Texas have been in a tough race.
Pina said, “After March of this year, people just took to the streets and started buying everything they could find.”
So much so, he says, that there are very few offers in the commercial real estate sector.
Pina adds that many business people, both local and remote, are particularly interested in buying retail space such as shopping malls and warehouses.
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He added, “We have a lot of people from California. You see all the companies that come here that bring their headquarters to DFW, they come from California, Chicago, New York and other countries. “
Pina says in one case that in the same year he increased the value of a property by 75%.
He says it’s an indicator of how much commercial property there is in demand and how little inventory there is out there.
Additionally, Pina predicts that the flow of businesses moving to Texas will ultimately lead to expansion and boom in smaller cities and towns across the state.
He said, “I don’t see any more small cities in Texas that aren’t growing. Everyone gets their share of the growth. “
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He assumes that the commercial market in 2022 will remain just as hot as in 2021, not just in DFW, but across the entire state.