Dallas-Fort Worth will continue to dominate real estate investing in 2024. Here's the latest news from CBRE Research's U.S. Investor Intent Survey. Dallas-Fort Worth has topped the investor list for the third year in a row. The region is followed by Miami, Raleigh, North Carolina, and Nashville, Tennessee, respectively, as the most desirable investment markets.
Investors in the survey say the biggest impediments to commercial real estate investment activity this year are persistently high interest rates, tight credit conditions, and differing expectations between buyers and sellers. Stated.
Despite these concerns, investor sentiment has improved significantly, according to the survey. More than 60% of respondents expect to buy more property in 2024 than in 2023, but only 16% in 2023 compared to 2022.
According to the survey results, investors prefer multifamily properties, especially Class A properties, followed by industrial properties and logistics properties. Grocery store-based centers are most preferred by retail investors, which fits perfectly with his upcoming HEB openings in the region. Almost 60% of office investors prefer prime/trophy office properties tied to cultural districts and new office properties being built along West 7th Street.
West Fort Worth pickleball opening set
Picklr opens May 24th at 1705 S. Cherry Lane in West Fort Worth. The club is located where Dirt Cheap used to be.
The 34,000-square-foot Picklr features 11 indoor courts with high-quality outdoor-style surfaces, a full pro shop, private event space, and unlimited league play, tournaments, and open play.
Picklr also plans additional locations in Hurst and McKinney.
“Bringing The Picklr to West Fort Worth, Texas means our community will benefit from best-in-class indoor pickleball,” said Zion Meer, franchise owner of West Fort Worth and Hearst. said.
The North Texas Picklr locations are part of the franchise's national expansion, which includes 262 new locations signed in 36 states and more than 2,000 courthouses to be built over the next few years.
real estate transactions
Kurita America leased 90,278 square feet in the South Fort Worth Commerce Center. Andrew Johnson and Colliers represented the tenant. Matt Carthy, Thomas Grafton and Holt Lunsford Commercial represented the landowner, his IDI Logistics. Air Relief Technologies Inc. leased his 52,788 square feet at 5909 Eden Drive, Haltom. Michael Newsome and NAI Robert Lin represented the tenant. Thomas Grafton, Trey Goodspeed and Holt Lunsford Commercial represented the landlord. Courtside Couture has leased 316 square feet in Fort Worth's Ridgelia Village. Ross Moncrieff and Holt Lunsford Commercial represented the landowner, Sherman Way Investors LP.
Have something for a Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org.
Bob Francis is the Fort Worth Report's business editor. Please contact bob.francis@fortworthreport.org. At The Fort Worth Report, news decisions are made independent of board members and financial supporters.Read more about our editorial independence policy here.
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