During the last year, Andrew Segal has purchased 14 Dallas-area office buildings. He’d like to buy more — if he can just find the opportunities.“I think the market is amazing,” said Segal, CEO of Houston-based Boxer Property, which owns almost 6 million square feet of North Texas office space.“I hope to make many more acquisitions in D-FW in 2014 if the deals persist,” Segal says.“It’s getting harder all over the metroplex.” Texas’ booming economy has pushed Dallas-Fort Worth’s commercial real estate market to the highest point in almost two decades. Office, retail and industrial vacancies have dropped well below where they were before the recession. And investors have made billions in commercial real estate buys here in the last 12 months. Commercial property execs expect the bull real estate market to continue through 2014.
“We’ve never been as positive about a year as we are about 2014,” said Denton Walker, Trammell Crow senior managing director. “We think 2014 will be a breakout year for us in retail, office and industrial real estate.” Walker is working on two big Dallas-area projects.