Dallas-Fort Worth has joined Los Angeles, Chicago, and New York City among the nation’s top real estate markets. That rise strikes at the very heart of the region’s viability, charm, and ability to adapt.
Exactly how it got here strikes at the heart of the region’s viability, charm, and ability to adapt. It’s a story about something called “coopetition,” of good weather, available land not hemmed in by mountains or an ocean, and a steady flow of inbound moving vans filled with personalities.
‘We’ve Come a Long Way’
Mike Lafitte has been in the DFW commercial real estate market since 1984—long enough to witness the S&L bust of 1985, the 2018 regional bid for Amazon HQ2, and a global pandemic.
“When I started in the business in 1984, there wasn’t as much discipline—and there was a lot of exuberance in the market,” Lafitte says. “Now, I think over time, the discipline of the marketplace has kicked in. The banks have done their job. Supply and demand balance matters a lot … and Dallas has been a magnet for job growth driving demand. And, as a result, it’s a great place to do business.”
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