D-FW's hot housing market extends beyond residential as the region is the top U.S. property investment market
The Trammell Crow Center on Ross Avenue in downtown Dallas was one of the D-FW properties sold in the first quarter.Apartment and industrial building sales in North Texas helped make Dallas-Fort Worth the country’s top real estate investment market in the first quarter.
Investors snapped up almost $13 billion in properties — more than double the investment volume in the first quarter of 2021, according to a new study by Newmark Group.Nationwide, $170.8 billion in transactions were recorded, a 55.6% year-over-year increase. “This represents the largest first-quarter volume on record, overtaking first quarter 2007,” Newmark analysts said in the new report. “Investor demand has begun to normalize in the property types most impacted by the pandemic, namely retail, hospitality and office, while multifamily remains the most sought-after property type, recording $63 billion in first quarter 2022.”More than $29 billion in apartments changed hands in the 12 months ending in March, according to CBRE Group.
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