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Perryman: Commercial Real Estate Rebound Will Buck Norm

DALLAS-In his 20th consecutive forecast for Dallas, Dr. Ray Perryman says Texas has "turned the corner." The lag time for a commercial real estate recovery will be nine to 12 months this time and not the 18-month norm.

By Connie Gore | Updated on November 18, 2003

DALLAS-Texas has “finally turned the corner,” says a leading Lone Star State economist whose house calls include the White House, where more than one president has tapped his expertise for national committee appointments.

Dr. Ray Perryman made the call at his 20th annual consecutive forecast for the Greater Dallas Chamber of Commerce, always his first stop on the Texas circuit to talk about the economy of the past year and what lies ahead. Commercial real estate got a real break when Perryman predicted to GlobeSt.com that the industry will recover in nine to 12 months instead of 18 months, the normal lag time for the sector’s rebound.

“Things are happening fast in the economy,” Perryman said after the breakfast meeting at the Hilton Dallas Lincoln Centre. “And with lower interest rates once people decide to invest, it’s going to happen very quickly … It’s more nine to 12 months (for commercial real estate).”

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