Published: October 8, 2014 10:21 am
Dallas ranked ninth among the world’s top real estate investment venues.
A new report ranks Dallas among the world’s top cities for real estate investment.
The Dallas-area placed ninth in the list with other markets including New York, London and Tokyo in Cushman & Wakefield’s “growth cities” report.
Dallas recorded $14.1 billion in real estate investments for the 1-year period ending with second quarter of 2014 an increase of 32.5 percent from the previous year.
That pushed Houston out of the top 10 list and puts Big D right behind Chicago and Washington, D.C. in the comparison.
Cushman & Wakefield reported that global real estate investment for the period rise by 17.2 percent to $788 billion.
“Dallas continues to be a leader in domestic real estate investment and corporate migration, and those trends should continue for some time,” Steve Everbach, who heads Cushman & Wakefield’s Dallas office, said in a statement.
New York was the leading market in the survey with $55.4 billion in real estate investments.
Foreign real estate investment in markets across the globe is up by almost 40 percent, according to C&W.
Dallas, Atlanta, Houston, Denver and Austin were also identified as markets where investors are likely to ramp up office purchases in 2015.