Record Demand for Land in North Texas
The DFW market still expects to absorb an additional expansion of more than 20,000 acres over the next 15 to 20 years, according to Younger Partners’ Robert Grunnah.
By Robert Grunnah | January 27, 2022 | 9:00 am
As 2021 has now come to a very fascinating and positive end, the North Central Texas land market has experienced significant influences modifying its prior accelerating four years of sales and absorption activity. To some surprise, the effects of COVID-19, an unstable political environment, rising inflation in Federal denial, Federal taxes, CRE threats, and significant increases in construction costs have not had a serious impact on land pricing and activity. Additionally, a profound market disruption in retail, entertainment, and hospitality has had an even lesser impact. In reviewing last year’s report, only a few observations have changed to any great degree.