With office, residential and retail components, Dallas' new Park District development is part of the mixed-use trend sweeping the region and country.
There is nary a sector that isn't bursting at the seams in most of the regions of the Southwest. Retail is finding new life within mixed-use developments, multifamily developers can't build fast enough to keep up with demand, office is staying on its toes with creative ways to keep employees engaged, and distribution/warehousing activity is fast and furious.
When analyzing the local economy, fundamentals and trends in the region, one thing is for certain. The Lone Star State is running roughshod over many other states. Entering the eighth year of this real estate cycle, Dallas-Fort Worth, specifically, has shot to the top of the most in-demand markets with record-breaking development. However, Real Estate Forum found that Arizona, Arkansas, Oklahoma and New Mexico are holding their own in many respects. Louisiana is more of a mixed bag.
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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.
