Thursday, April 25, 2013

Blog Assignment Six


In Dallas County for summer 2013, you should attempt to invest in office space in West Plano. They have a vacancy rate of 6.8%, with an absorption of 1,254,000 SF. This indicates that there is a demand for office space in this area and that demand is growing, so investing would be a good idea. Furthermore, according to information found in a market overview of Texas, the price of the office space has been steadily increasing over the past four years in the Dallas-FortWorth Region. This means that there is demand for this space and that the payoff for investing in this real estate is steadily increasing. 



Also according to a Market Overview of Texas, the average prices of homes selling in 2010 and 2011 have no changed, but there has been a decline of 34% of houses for sale, which indicates that the housing market is not a good place to invest in at the moment. Not only that, but sales have been declining and the amount of homes in inventory that could be sold is increasing. For these reasons investing in the housing market in Dallas is not a good decision at this point in time. 




http://recenter.tamu.edu/mreports/2012/DallasFWArl.pdf



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