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Tarrant County Commercial Realtors Bracing for Slower Pace

FT. WORTH-Deals are waiting to be sealed, but many will hinge on a Federal Reserve interest-rate cut, say Tarrant County powerbrokers and a leading in-state economist. The 2001 call is lateral growth, with retail being the strongest gainer.

By Connie Gore | Updated on January 17, 2001

FT. WORTH-The teams are poised, the quarterback’s arm is outstretched and it’s a lateral pass, say commercial real estate experts peering into crystal balls for the 2001 Tarrant County economic outlook.

The one caveat that could alter the close-to-the-vest game is another interest-rate cut, says Ben Loughry, one of seven speakers at the sixth annual forecast breakfast for Dallas-Ft. Worth real estate powerbrokers. Loughry isn’t alone in his convictions that would be a smart move.

Tarrant County definitely is holding its own amid its chief rivals of San Francisco, San Jose, Los Angeles, Houston, New York-New Jersey and Chicago. Corporate relocations seem to be feeding the region’s economy and will continue to do so in the coming year, says Loughry. But, there’s a definite slowdown on the horizon. Tarrant County had ended year 2000 with a 20% across-the-board growth. “We don’t think that is going to happen in the present economy,” says Loughry, managing partner for Integra Realty Resources, one of the event’s six sponsors. “We think the markets are going sideways.”

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