It has been a known fact that Dallas has been hot for real estate in the past few years. Thousands of people and entire businesses are moving here consistently. A most recent trend, though has been surprising. Dallas is now in a tech boom. Office leasing in Dallas is one of the top markets in the nation due to this tech boom and over one-fourth of office leasing comes from tech companies. One major reason is that it is cheaper to rent office space here in DFW than most of the big tech cities. In Silicon Valley, you can see rents going up to as high as $100 per square foot while the more expensive spots in Dallas will be about half of that. So don't be surprised if this trend continues for quite some time.
I always get asked the question , "Matt, this real estate boom can't last for much longer. How long do you think it will last?" My answer always stays the same. There is no evidence of it slowing down right now, so I would expect this hot market to stay like this until people and businesses stop moving here. It's a supply and demand issue.
Rogers Healy and Associates Real Estate is a DFW based residential and commercial real estate company that was founded in 2007 by Rogers Healy. RHAdfw is passionate about developing long lasting relationships with clients while representing them to buy, sell or lease any home in DFW.