Dallas-Fort Worth topped the list of the nation’s largest real estate investment markets in 2021 with nearly $47 billion in sales.
Real estate investment activity in North Texas has more than doubled from 2020 totals, when D-FW first topped the country, according to a report just released by Real Capital Analytics.
“With $46.9 billion in total investments, 2021 represents 77% above the market’s all-time high,” Real Capital analysts said of D-FW’s position atop the list. real estate investments. “Manhattan is the only market to have ever recorded a higher annual total.
“Portfolio activity boosted overall investment levels in Dallas, but single asset sales alone were enough to top the market’s prior record for transactions of all types.”
Dallas’ investment total was boosted by last year’s $670 million sale of the historic Crescent complex in Uptown, one of the 10 largest such deals in the country.
Atlanta ranked second in the nation with over $37 billion in investment real estate transactions.
“The Dallas and Atlanta double marks the first time that neither top two spot has been held by a market in one of the six major metropolises,” Real Capital Analytics said in its annual report.
Houston ranked fifth nationally for real estate investing and Austin was in 11th place.
Real Capital Analytics said sales of apartments and industrial buildings accounted for the largest share of real estate purchases nationwide in 2021.
“Warehouse sales were up 72% on the year,” the analyst said. “Apartment investment hit an all-time high in 2021, with activity in smaller markets leading the charge.”
D-FW was the nation’s top apartment investment marketplace with nearly $28 billion in sales, more than half of the region’s total deal activity last year.
“For the sixth consecutive year, Dallas was the number one market for apartment investment,” Real Capital Analytics said. “No other market has ever seen more apartment activity in a single year than Dallas in 2021.”