Category Archives: commercial Vacancy Rates

Your One Source of All DFW Real Estate News from Dream Castle Realty

Governor announces the business reopening in Texas

According to REBusiness Online Gov. Greg Abbott has expanded the reopening of certain businesses and activities. 

Retailers such as barbershops, nail salons, tanning salons, and similar businesses may reopen on Friday, May 8, provided they maintain six-foot distances between workstations.  Office buildings and manufacturing plants that produce nonessential goods may restart their operations at 25 percent of their normal occupancies on Monday, May 18. 


Market Snapshot

Texas home prices rose to $249,000, a 5.8 percent YOY increase. Austin pushed the home prices in double digit.

The Texas Repeat Sales Home Price Index which provides change in single family values.  Repeat sales home index for  Dallas and Houston increased 2.5 and 3.0 percent, respectively

Texas Home Inventory and Market Snapshot

Google plans to build data center in Ellis County Texas

According to Dallas Morning news Compass Datacenters is finishing up the first phase of the data center on 225 acre track East of I35 E on Red OakGoogle has purchased more than 165 acres where it plans another huge data center — its second such project in Ellis County


Rent drops in Austin Metro during Co-Vid 19 Crisis

According to Austin Business Journal COVID-19 has slowed down the metro’s multifamily market, according to ApartmentData.com.

From March to April, apartment rents dropped 1.2 percent to $1,297. That’s a contrast from last year, when rents saw a 5.7 percent increase. 

Occupancy went up 0.3 percent to 91.1 percent in April. 


$1.5 billion Star mixed-use development coming in Frisco

According to Dallas Morning News Dallas Cowboys owner Jerry Jones Bluestar land development company is coming up with another mixed use $1.5 Billion office building in Frisco

The 11-story, 327,000-sf office tower will be at the northwest corner of the Dallas North Tollway and Cowboys Way.

Along with the office tower, a six-level, 1,200-car parking garage is planned for the west side of the tollway.


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Texas Real Estate News, Dallas Fort worth Top 10 Markets in 2020. Denton Rated as Boomtown

 

 

 

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The best Investment on Earth Is Earth – Louis Glickman

Nov 2019 Vol 1

 

Winter Maintenance List

Maintenance of your heating system

Have your furnace or boiler checked and serviced by a licensed contractor at least once a year, preferably before the heating season begins. Clean or replace the furnace filter on forced hot air systems. Check your chimney

Adjust temperature 

Adjust the temperature. A comfortable temperate is between 75 – 79 degrees select a temperature that is comfortable for you

Insulation

Add insulation in the attic

Seal your windows doors to close any open pocket of air. Add weather stripping around doors and caulk windows to guard against drafts and heat loss

Water leaks

Check for water leaks and fix problems immediately; wrap water piping in UL-Listed heat tape and insulate if it is exposed in unheated areas such as garages, crawl spaces or attics.

Trees

Trim trees and remove dead branches so they do not damage your home

Keep gutters clear of leaves, sticks and other debris

Check smoke detectors, fire alarms and carbon monoxide detectors, and replace batteries to ensure they are operating properly.

 
Check your Lawn Watering Schedule

Time to turn off those sprinklers.


 National Association of Realtors identifies 10 Markets expected to outperform

The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are:

  • Charleston, South Carolina
  • Charlotte, North Carolina
  • Colorado Springs, Colorado
  • Columbus, Ohio
  • Dallas-Fort Worth, Texas
  • Fort Collins, Colorado
  • Las Vegas, Nevada
  • Ogden, Utah
  • Raleigh-Durham-Chapel Hill, North Carolina

Tampa-St. Petersburg, Florida

“Some markets are clearly positioned for exceptional longer-term performance due to their relative housing affordability combined with solid local economic expansion,” said NAR’s Chief Economist Lawrence Yun

Texas shows positive occupancy rate and rent growth in 3Q2019

According to Texas A&M Real Estate Center, Texas’ economy remained healthy in the longest U.S. economic expansion on record. Payroll growth slowed, but unemployment rates hovered at historical lows. Average hourly earnings failed to make positive headway after adjusting for inflation; second-quarter real income per capita, however, increased.
The Residential Construction Leading Index rose to its highest level since the Great Recession amid falling interest rates and upward-trending building permits and housing starts

1 Billion Mixed use Development called Field Street District Planned in Dallas  

According to Dallas Morning News, A 1Billion Mixed use Development called Field Street District, is planned for a two-block, six-acre property on Woodall Rodgers Fwy. It is zoned for up to five million sf. 

Initial construction will include a combination of office space, retail space, and apartment units. 

Smartasset Ranks Denton in top 10 Boomtown in America

According to Smartassets – Boomtowns, characterized by prosperity and robust development, are often desirable places to put down roots and take out a mortgage. Economic growth provides employment opportunities and draws new residents. Some places, however, are growing faster than others. That’s why SmartAsset decided to find the cities in America where populations and job opportunities are rising rapidly.

From 2014 through 2018, the population of Denton, Texas increased by approximately 8%and the city’s household income increased by more than 36%. Unemployment in the city decreased by 0.2% since August 2018 and was at 3.1% as of July 2019. Furthermore, Denton has a top-10 rate for its five-year growth in the total number of establishments, indicating that businesses there are doing well

 

 

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