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DFW remains high on investors' radars and an opportunistic retail product with a desirable size and scale resulted in a high level of investor interest including the out-of-state buyer of the Vista Ridge assets.
As the region increasingly grows, particularly in the finance industry, employment hubs become more of a focus as a way to integrate functions for efficiencies, better customer service and cost management.
The lack of affordable housing options continues to drive working Americans out of the cities, and even out of a home as new residential construction is too little and too pricey to fill the demand gap.
The underlying issue with valuations is the appraisal review board within the appraisal system, says Rahul Patel, managing partner of Patel Gaines, a Texas-based law firm specializing in property tax issues.
NorthPark Center in Dallas remains the top tax-paying property in Texas, and even with the 2% tax increase it received since last year, it dropped two positions to 75th nationally, according to a recent study.
The RentCafe research team ranked 303 US cities by looking at six indicators of prosperity between 2000 and 2016, and identified six cities in Texas that have improved the most since 2000.
The population boom is driving demand for industrial users as well as continued efforts to connect distribution processes and hubs, creating ideal conditions for the industrial market to thrive, says AY.
Oakdale Logistics Center is in the Great Southwest industrial submarket, one of the largest in DFW with an inventory of approximately 107 million square feet and strong demand fundamentals of 5% vacancy.
The latest tenant, Unisys Corporation, is part of the exclusive list of Harwood District tenants in Saint Ann Court, which opened in 2009 and is the sixth out of 18 phases planned by Harwood International.