Investors Would Be Wise to Look to Texas

DALLAS-Texas’ four metropolises rank in the Top 10 real estate investment markets in the US, according to the latest Viewpoint 2001 report by Integra Realty Resources Inc. Dallas has copped eighth-place berths in industrial and suburban office markets. Austin has come in second in suburban office and sixth in multifamily and retail. Houston is first in the industrial survey, second in retail and seventh in multifamily. San Antonio is sixth in industrial.

The state is sure to feel a pinch from the nation’s economic slowdown, but “we’re well positioned to weather the storm compared to most markets,” Charles Bissell, managing director of Integra’s Dallas office, tells GlobeSt.com. Commercial real estate, he says, will definitely benefit from Wall Street’s flirting bear market. “It’s a safe haven when the market’s not performing,” Bissell asserts.

In the suburban office sector, the top cities, in order, are San Diego, Austin, Sacramento, Washington, DC, Phoenix, Denver, Boston, Dallas, Atlanta and Orange County, CA. In the industrial market, the top 10 are Houston, Seattle, Denver, San Diego, Las Vegas, San Antonio, Phoenix, Dallas, Atlanta and Portland. In multifamily, the ranking is San Diego, Atlanta, Sacramento, Tampa, Phoenix, Austin, Houston, Denver, Minneapolis and Washington, DC. And in retail, it’s Seattle, Houston, San Diego, Portland, Minneapolis, Austin, San Jose, Las Vegas, Sacramento and Phoenix.