If you just count all the construction cranes, Dallas-Fort Worth is headed into 2023 with a booming commercial real estate market.
But headwinds of higher borrowing costs and the threat of recession are putting the brakes on many property deals going into the new year.
Dramatic interest rate increases during the last six months have changed the dynamics for most commercial property transactions. While North Texas’ real estate is expected to outperform the nation next year, industry leaders say there will be fewer sales and project starts.
