National Economic Correction Would Have Big Impact
As long as the region has the anticipated continued job growth, inbound population increases, low interest rates and a sound local and national economy, there is no reason for an immediate reverse cycle.
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DALLAS—For many years, the Younger Partners investments/land division has produced a Dallas-Fort Worth land absorption report designed to assist investors in deciding the viability of acquiring undeveloped land for medium and long-term positive returns. Since its 2016 report was distributed, DFW has experienced continued growth in virtually every commercial and residential product type. Much remained the same in its 2017 report, although there are legitimate evolving trends to be considered.
The report points out that absorption of undeveloped and underutilized land continues at an unprecedented rate. Aggressive, new vertical development has left even fewer desirable infill sites remaining, producing ever-increasing activity further out from current job markets and increasing commuter distance demands, according to the report. However, employers, recognizing that the seriously evident shrinking pool of employee candidates who are sensitive to job location, are moving employment centers closer to demand. This competition for employees, inflated raw land cost, a rapidly increasing cost of living and transportation congestion are all beginning to affect the extended growth cycle.
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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.
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