With nearly $23 billion in sales, Dallas-Fort Worth led the nation in real estate investment in the first half of 2022.
North Texas has overtaken Los Angeles, Atlanta and Houston on the list of the nation’s largest commercial property sales and investment markets, according to the latest estimates from global real estate consultant MSCI Inc.
D-FW sales of properties including apartments, offices, industrial buildings and retail were included in the transactions.
“For the third year in a row, Dallas was the top mid-year market,” says the just-released MSCI report. “Also a leading market for apartment investment, Dallas is certainly benefiting from the fervor with which investors are flocking to the sector.
“Overall mid-year investment volume was $22.9 billion, shattering the previous market record by 54 percent.”
About half of North Texas real estate sales so far this year have been apartments.
D-FW’s real estate investment was significantly higher than that of the other closest U.S. market, Los Angeles, which had $15.5 billion in sales in the first half of 2022.
Austin ranked 10th with $7.4 billion in sales.
Nationally, $375.8 billion in real estate investment was recorded, up 38% from the first six months of 2021.
New York-based investors KKR and Blackstone Group were the most active US property buyers through June.
And a Dallas property sale was included in top commercial real estate transactions nationwide. Regent Properties’ $615 million purchase of the Trammell Crow Center skyscraper in downtown Dallas ranked 10th on the list of the biggest real estate deals in the first half of this year, according to New York-based MSCI. York.