Fort Worth Real Estate

Here is an article by the Star-Telegram reporting on their own slow demise. Apparently they sold a 44,000 square foot facility they had in Arlington.

I am not sure what can save this paper, and many others nation wide, but it seems that the communication medium will need a drastic overhaul. Some long time veterans have lost their jobs, and the company seems to be putting quite a bit of real estate back on the market in Fort Worth.

The Fort Worth Business Press released a fairly optimistic article dealing with commercial properties in the area. The article, released yesterday, validates my previous post in saying that the area fundamentals are strong and aided in not having suffered the national downturn from years past. Our commercial properties were never eggregiously overvalued to be affected by any market bubble, and have only been aided with additional revenue and tenency created by the Barnett Shale.

The article has an interesting quote from Kirk Williams of Cypress Equities:

“A lot of tenants who would normally fill space are being held up from the capital situation,” Williams said. “However, I see no better place to be in the country than Fort Worth where the fundamentals are solid, it’s a right-to-work-state and [there is] good job growth.”

There is no doubt that a tight credit market has effectively put the breaks on quite a few transactions, but the general feeling is that funds will become available in short time. Many seem confident that investors will not only begin looking for solid deals, but also that some of the best vehicles may be found in Fort Worth real estate. No surprise here.

Here’s an article from the now defunct Business 2.0 in which the DFW real estate market is listed among the best for investors looking for a value increase on a real estate bounce back. This article, from 2007, does not take into account the current economic climate. There certainly is truth in the fact that Dallas Fort Worth has avoided the general bust cycle that affected the majority of national real estate. We may not be able to avoid the current downturn, but our fundamentals remain strong. The economy here is stronger than most major metropolitan areas, and our real estate prices tend to be remarkably lower than the rest of the country.

The pillars of Metroplex real estate may allow it to bounce back better than most markets.