DFW Tops U.S. Metros in Commercial Property Deals for 3rd Year in a Row

According to the latest MSCI Inc. estimate, more than $42.5 billion in commercial properties were sold in DFW in 2022. North Texas “wrested the top slot from Manhattan at the onset of the pandemic and has held it ever since,” MSCI analysts said in the report.

Dallas-based CBRE was the top-ranked firm for commercial real estate investment sales nationally in 2022—for the 17th straight year.

Dallas-Fort Worth has led all major U.S. metros for commercial property deals for three years in a row after extending the streak in 2022.

That’s despite a slowdown in transactions in the final months of the year.

According to the latest MSCI Inc. estimate, more than $42.5 billion in commercial properties were sold in the DFW area in 2022, but that’s down 15% from 2021′s record total for deals.

“The headline figures on real estate investment sales declined in 2022, but growth rates are only part of the story,” MSCI analysts said in a report. “The level of activity for the full year was elevated relative to history, and 2022 was the second most active year for sales volume over time.”

Second-ranked Los Angeles trailed DFW with $30.4 billion in transactions and third place Atlanta registered $28.9 billion in sales.

North Texas “wrested the top slot from Manhattan at the onset of the pandemic and has held it ever since,” MSCI analysts said in the report. “Dallas was the leading market for every property sector but for offices and retail.”

Big deals and trends in transactions

Individual transactions also showed up in MCSI’s report, with the $615 million sale of Trammell Crow Center office tower in downtown Dallas making it onto MSCI’s list of the country’s biggest real estate transactions last year.

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