COMMERCIAL REAL ESTATE TRENDS – DALLAS FORTH WORTH

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J2 Commercial Development
Construction And Finish-out Company
Frisco, TX ,USA
https//j2commercialdevelopment.com/
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COMMERCIAL REAL ESTATE TRENDS DALLAS FORTH
WORTH
After years of domination by the tech-driven
Silicon Valley, Dallas-Plano-Irving has secured
the No. 1 spot for the last two years in Forbes
Best Cities for Job Growth. This placement is
even more secure because of the diverse sources
of job growth in this region. Dallas has logged
double-digit percentage job growth since 2012 in
most economic sectors. U.S. News World Report
ranked DFW the No. 9 Best Place to Retire and
No. 18 of Best Place to Live. Key to all this
success is the affordability of single-family
housing, skilled talent, lower taxes, a
favorable regulatory environment, and abundant
cultural and educational opportunities.
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Even more, in the latest Emerging Trends in Real
Estate 2019 forecast by PwC and the Urban Land
Institute, DFW is back in the top spot, followed
by Brooklyn, Raleigh-Durham, Orlando, and
Nashville. This is largely due to DFWs young
workforce and high business start-up activity.
Theres little wonder why a record number of
companies are leaving California, and Texas
remains their top destination, according to an
analysis of net migration by the Federal Reserve
Bank of Dallas. As a result, there are a handful
of real estate topics that I see gaining
momentum in the coming months.
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Industrial Boom The market for industrial real
estate shows few signs of slowing. And, despite
the cycles extended run, land is grabbed almost
as soon as it hits the market. The increasing
prevalence of e-commerce is driving the demand
for core market warehouse and distribution
centers, flex buildings, manufacturing
properties, RD facilities, and
refrigeration/cold storage operations. Of
course, everyone wants to compete in logistics
and be bigger, better, faster. All this activity
has made industrial property the golden child
among banks and other lenders.
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Retail Transformation Retail real estate is
evolving and innovating. The rise of retailers
with both a physical and digital presence,
coupled with the shrinking of retails overall
footprint, means investors and developers are
aggressively considering efficient uses of space
and incorporating different types of tenants.
This includes health and fitness providers,
urgent care medical facilities, entertainment
venues, restaurants and pop-up options. Malls
are becoming educational facilities and homes for
seniors, while supermarkets are sprouting into
self-storage facilities and data centers. Of
course, this also changes how leases are
written, and long-term agreements are giving way
to shorter deals.
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Move Over, Millennials The generation after
Millennials, Gen Z, includes those born since
1995. At about 2.5 billion strong, Gen Z is the
most populous generational cohort of all time
and will bring significant changes as they
continue to enter the workforce. Gen Zers dont
think that going to work has anything to do
with commuting. Rather, they feel that work can
be done wherever they want, whenever they want.
All they need is a laptop or often just a
smartphone. Retail locations will be places to
do something rather than buy something.
Workspaces need to be walkable or in
transit-oriented areas. Demands for food delivery
will increase. While coworking spaces are
growing in popularity, open office concepts have
mixed reviews. Few businesses will completely
abandon the open office concept, but in 2019,
look for more companies to bring balance back to
their workplace designs. All this has led to
ample debate about the workspace of the future,
including neighborhood concepts, clusters, quiet
zones, phone booths, huddle rooms, war rooms,
nap rooms, and lactation rooms.
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Opportunity Zones Abound The Tax Cuts and Jobs
Act of 2017 garnered considerable attention for
its changes to the tax treatment of real estate,
along with other asset classes. What initially
got less attention was the bills Investing in
Opportunity Act, which established the
Opportunity Zone program. Opportunity Zones have
the potential to push equity into distressed
communities with less risk than before the funds
were created. DFW is home to 52 Opportunity
Zones, and 18 lie within Dallas city limits.
Investing in Opportunity Zones for capital gains
tax incentives may not be for everyone, but for
the right investors it could be a
once-in-a-lifetime gold rush.
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Amenity Creep Commercial and residential property
investors are going well beyond fitness centers
and recreational areas to attract the best
tenants. Todays cutting-edge amenities include
golf simulators, bike storage, dry cleaning
services, florists, mobile grooming salons,
movie theaters, on-site cafes with baristas
serving specialty coffees, medical, child and pet
care and outdoor areas that include meditation
spaces, sports fields, dog runs and curated
gardens. Also, occupants have an expectation that
buildings will provide robust features that are
in keeping with tech-enabled lifestyles.
Environments built for todays high-tech culture
will boom. Moreover, were seeing that office
campuses like HALL Park in Frisco and Victory
Park in Dallas are being redeveloped to focus on
their mixed-use aspects. Likewise, the newest
developments, like Cypress Waters , Frisco
Station, and Planos Legacy West, support health
and well-being and are meccas that unify office,
living, shopping, dining, and recreation.
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CONTACT DETAILS
J2 Commercial Development 11625 S Custer Rd,
Frisco, TX 75035 Email ID info_at_j2commercialdeve
lopment.com Phone No 1 972-984-7555 Website
https//j2commercialdevelopment.com/