Burrow says DFW construction volume is projected to be healthy well into 2017.
DALLAS—With the pace of corporate relocations and job creation continuing in the Dallas/Fort Worth market, the pace of development activity in the area is on track for another record-breaking year in 2016. Given the number of projects currently on the drawing board, development activity and construction volume is projected to be healthy well into 2017, especially in the area of mixed-use projects, according to Chris Burrow, vice president, investments division, land advisory group, Henry S. Miller Company.
Commercial real estate construction activity continues at a healthy pace in the Dallas/Fort Worth market area with commercial construction on track to reach $6 billion for 2016, a nearly 30% increase from 2015. According to ULI, the market ranks high for overall real estate prospects, given that more than 100 companies have relocated to or expanded within Dallas/Fort Worth since 2010.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
