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Dallas, Texas is a hub for commercial real estate opportunities. The city has experienced an influx of retail businesses in the past few years, due to its booming population and strong economic growth. If you are considering investing in retail commercial real estate in Dallas, there are a few things you need to know. Let’s take a look at the current state of retail commercial real estate in Dallas.
The commercial real estate industry in Dallas was hit hard by the pandemic. Many businesses shifted their operations to a remote model, leaving office spaces empty and unused. However, a recent survey has revealed that in 2023, half of all Dallas-based companies will return to their offices. Let’s look at what this means for commercial real estate professionals in Dallas.
As a commercial real estate professional, understanding the rules and regulations of local and federal governments is essential to doing business. Knowing these laws can help you navigate the complexities of a deal from start to finish. The government’s role in the economy plays a major role in commercial real estate for both buyers and sellers, so let’s take a look at some of the ways government regulations can impact your business.
As the world becomes increasingly aware of the importance of sustainability, more and more commercial real estate businesses are turning to sustainable practices. This trend is being driven by a number of factors, from government policies to consumer demand. In this blog post, we'll explore the reasons why sustainable commercial real estate is becoming increasingly popular in the United States.
In the commercial real estate industry, sustainability is no longer a ‘nice to have’ but rather an essential component of responsible and profitable business operations. By implementing sustainability practices, commercial property owners can benefit from a triple bottom line—financial savings, social value, and environmental impact. Let’s explore how these three elements are interconnected and how sustainability can help your business grow.
With the rise of new technologies and changing consumer behavior, commercial real estate is facing a slew of challenges in the coming years. As we look ahead to 2023, here are some of the major challenges that commercial real estate professionals should be aware of. The commercial real estate sector is facing several major challenges in 2023. Despite economic headwinds, the pace of change will not ease. Companies must learn to adapt to hybrid working arrangements and offices must evolve with it. Retailers are reaping the benefits of a long period of change which has attracted investor interest. Data centers and industrial real estate have been very resilient so far, but the hotel industry is still recovering from pandemic restrictions. In addition, life sciences activity, workforce housing shortages and rising ESG expectations all pose challenges to commercial real estate in 2021 and beyond.
Following a pandemic-fueled course correction, the global real estate industry faces transformational shifts in how buildings will be used, valued, and transacted in 2023 and beyond. Deloitte's 2023 Commercial Real Estate Outlook reveals that only 40% of global real estate chief financial officers (CFOs) expect to finish 2022 with higher revenues than last year, and 33% anticipate cuts to expenses, citing sustained high inflation, workforce management, and cyber as the top risks to financial performance.
As the saying goes, everything is bigger in Texas. That is especially true of the Lone Star State’s commercial real estate market. In the coming years, five of Texas’ major markets—San Antonio, Austin, Dallas-Fort Worth, Houston, and Frisco—are projected to become even bigger players in the national real estate arena. Let’s take a closer look at what these cities have in store for commercial real estate professionals in 2023.
Author
Biography
Ela and the Dizemane team are Victory's partner in matters of marketing and content creation/ market reports generation and industry insights. Ela graduated with a bachelor's degree in economics and received her MBA from Texas Wesleyan University in 2011. In addition, she completed post-graduate coursework in strategic planning at Harvard University and has an online teaching certificate from Penn State University. Ela has more than 10 years of experience in creating successful marketing strategies.
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