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.
December 31st, 2008 at
[...] unknown wrote an interesting post today onFort Worth Real Estate » Blog Archive » Optimism in Commercial …Here’s a quick excerptMany 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. Posted by FWRE @ … [...]