Messing With The Magic: Why DFW Might Not Outperform This Cycle
August 3, 2023 | Olivia Lueckemeyern | Bisnow
The end of 2007 was a tense time for commercial real estate. The subprime mortgage crisis had spread worldwide, the lending market had dried up, and the Federal Reserve began to cut interest rates in a bid to stop turmoil in the housing and financial markets from tanking the economy.
Brokers and developers in Dallas were on high alert, uncertain of what the future may hold, and for several years, the industry proceeded with caution. When a 122K SF office building at 1717 McKinney Ave. in Uptown opened in 2010, no one thought it would lease up, but to everyone’s surprise, it did.
