Coastal Buyers Seek Higher Cap Rate Returns

Class-A regional center, Renaissance Square, is anchored by Ross Dress for Less.

FORT WORTH—This highly sought-after submarket has growth projections outpacing many other US markets. There are several new commercial developments in the immediate area with a strong pipeline of residential growth.

“The DFW metroplex continues to exhibit strong growth fundamentals, ranking only second nationally to New York in terms of total job creation,” Eric Wohl, executive vice president of Hanley Investment Group, tells GlobeSt.com. “The effect on the retail market is a strong 1.9 million square feet of net positive absorption in second quarter 2018, which has contributed to a steady year-over-year increase in average asking rental rates.”