CRE Hot Spot Sees Activity Begin To Fizzle As Recession Concerns Mount An era of frenetic growth in Dallas-Fort Worth’s commercial real estate market may be coming to a close as symptoms of a looming recession begin to hamstring activity, both in the city and across a state that has long boasted of "the Texas Miracle." For months, industry stakeholders dismissed claims that economic headwinds like rising interest rates and inflation could counteract historic momentum in the DFW market. But things took a turn in Q3, and seemingly resilient asset classes are beginning to weaken as broader state and national indicators head downward.
DFW's office market, which made a triumphant return earlier this year after sustaining several pandemic-induced blows, recorded negative absorption of about 575K SF in the third quarter, mostly due to an abundance of sublease space put back onto the market by tenants, a report from CBRE… Read the full story here. |