FORT WORTH—Dallas-Fort Worth as a whole recorded sales volume of approximately $803 million across 22 transactions in the first half of 2017, according to Transwestern research. While the number of transactions remained fairly static from last quarter, sales volume is down 13% year-over-year.
Pricing on a per-square-foot basis maintained its elevated level from 2016, with an average sale price of $197 per square foot. The average cap rate was 6.96%, ranging from a low of 4.9% to a high of 9%. Class-A deals had an average cap rate of 5.86% and class-B deals had an average cap rate of 7.35%.
The emergence of major deals occurred in the second quarter after a quiet start to the year. Four deals had sale prices of more than $50 million. Transwestern forecasts larger deals to continue to drive the market as several corporate campuses are currently up for grabs.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
