NAR reaches agreement to resolve nationwide claims brought by home sellers
March 18, 2024
DALLAS – Latest MSCI Inc. data show North Texas is leading the country in commercial property transactions, surpassing Los Angeles.
DFW had $13.2 billion in total commercial property investments in the first three quarters of 2023, surpassing Los Angeles by $400 million despite a 64 percent year-over-year decrease.
Houston ranked sixth in the nation while Austin ranked tenth and San Antonio 18th. DFW ranked first in 2022 and 2021.
Apartment sales accounted for half of investments in the third quarter with a total of $6.84 billion. Industrial sales were at $2.9 billion and retail at $1.3 billion. Office transactions fell 65 percent year over year in the third quarter.
Nearly $80 billion in nationwide commercial real estate was distressed in the third quarter. Office buildings accounted for $32.5 billion of that. DFW has $1.4 billion distressed commercial properties and potentially $8.8 billion in troubled property deals.