Followers | 241 |
Posts | 12116 |
Boards Moderated | 3 |
Alias Born | 04/05/2009 |
Saturday, September 26, 2015 12:51:02 PM
So far North Texas’ hot real estate market is shrugging off the plunge in oil prices.
And economists who are tracking property markets predict that the Dallas-Fort Worth area will continue to outperform other Oil Patch cities, according to a new report by CBRE Group Inc.
“The collapse in crude oil prices that began a little over a year ago brought uncertainty, speculation and a negative outlook to key energy markets and how the pricing outlook might affect commercial real estate,” Robert Kramp, CBRE’s director of research and analysis, said in a statement. “Even though crude oil prices are expected to remain low for the foreseeable future, Dallas-Ft. Worth’s vibrant commercial real estate performance demonstrates how the state is well hedged against the energy downturn.”
The commercial real estate firm predicts that office vacancy rates will continue to fall in North Texas through the end of next year because the energy industry has such a small share of the local economy.
“Given the diverse industry base of Dallas-Ft. Worth and the energy sector’s 1.1 percent share of metro employment, any economic impact from low oil prices is expected to be marginal on a local level,” Michael Caffey, executive managing director with CBRE, said in the report. “This means commercial real estate occupancy sees minimal effects as our region looks to other industries like finance, insurance, wholesale trade and transportation for growth.”
D-FW’s commercial property market is still prospering while conditions are deteriorating in energy markets including Houston and Calgary, according to CBRE.
Houston leads the country in office construction and has seen a surge in empty sublease space this year as oil and gas firms have cut back.
North Texas’ office, apartment, shopping center and industrial markets are all forecast for continued growth, according to the commercial real estate firm’s report.
Energy has a larger share of Texas economy than in any other state – about 47 percent of the state’s gross domestic production.
http://bizbeatblog.dallasnews.com/2015/09/still-no-oil-price-impact-for-d-fw-real-estate.html/
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent NXRT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/01/2024 11:07:46 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 12:20:33 PM
- NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 07/30/2024 12:16:00 PM
- NexPoint Residential Trust, Inc. Announces Quarterly Dividend • PR Newswire (US) • 07/30/2024 12:15:00 PM
- NexPoint Residential Trust, Inc. Announces Second Quarter 2024 Earnings Conference Call • PR Newswire (US) • 07/02/2024 12:30:00 PM
- NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2024 Investor Conference • PR Newswire (US) • 05/29/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:42:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 09:40:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:33:02 PM
- NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes • PR Newswire (US) • 05/02/2024 12:30:00 PM
- NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FIRST QUARTER 2024 RESULTS • PR Newswire (US) • 04/30/2024 12:16:00 PM
- NexPoint Residential Trust, Inc. Announces Quarterly Dividend • PR Newswire (US) • 04/30/2024 12:15:00 PM
- NexPoint Residential Trust, Inc. Announces First Quarter 2024 Earnings Conference Call • PR Newswire (US) • 04/01/2024 10:00:00 PM
- NexPoint Residential Trust, Inc. Announces Record Date and Date of 2024 Annual Meeting of Stockholders • PR Newswire (US) • 03/19/2024 10:30:00 PM
- NexPoint Residential Trust, Inc. Completes the Sale of Old Farm and Will Repay the Full Outstanding Balance on the Corporate Credit Facility • PR Newswire (US) • 03/05/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 11:08:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 11:07:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:33:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 01:17:03 PM
- NEXPOINT RESIDENTIAL TRUST, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (US) • 02/20/2024 01:16:00 PM
- NexPoint Residential Trust, Inc. Announces Quarterly Dividend • PR Newswire (US) • 02/20/2024 01:15:00 PM
- NexPoint Residential Trust, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call • PR Newswire (US) • 02/05/2024 01:30:00 PM
- NexPoint Residential Trust Announces 2023 Dividend Income Tax Treatment • PR Newswire (US) • 01/30/2024 11:00:00 PM
- NexPoint Residential Trust, Inc. Completes the Sale of Timber Creek and Further Paydown of the Corporate Credit Facility • PR Newswire (US) • 12/18/2023 01:30:00 PM
- NexPoint Residential Trust, Inc. to Participate at Nareit's REITworld: 2023 Annual Conference • PR Newswire (US) • 11/10/2023 01:30:00 PM
HealthLynked Corp. Announces Second Quarter and First Half 2024 Results: Continued Cost Reductions Set the Stage for Strategic Shift to App-Based Technology Services • HLYK • Aug 16, 2024 8:00 AM
PickleJar Announces Official Name Change and New Ticker Symbol • NREG • Aug 15, 2024 2:23 PM
VAYK's Q2 Profit Added to Accumulated Net Profit of Over $2.2 Million In 18 Months • VAYK • Aug 15, 2024 9:07 AM
Swifty Global Reports Strong Q2 Performance and Prepares for Major Exchange Uplisting • DRCR • Aug 15, 2024 9:04 AM
Mayback's Global Entertainment Signs Global Distribution Agreement with Children's Media Studio • AHRO • Aug 15, 2024 8:45 AM
POET Technologies Reports Second Quarter 2024 Financial Results • POET • Aug 15, 2024 8:04 AM