Dallas takes top spot for real estate deals

The Dallas area was the country’s top market for commercial property investments in the first half of 2021.

Dallas retained the top real estate spot it gained last year during the start of the pandemic, according to a new report by Real Capital Analytics.

Through the first six months of this year, Dallas saw almost $13.4 billion in commercial property deals — 43% more than in the same period a year ago. Last year, more than $19.7 billion in commercial real estate deals were recorded in the Dallas market.

Sales of dozens of apartment communities and warehouses, plus the $700 million purchase of Uptown Dallas’ Crescent complex, all contributed to the huge volume of property investments in the area this year.

The Crescent was ranked as the second-biggest commercial property deal in the country in the first six months of 2021.

Atlanta was second nationally with $11.1 billion in real estate deals. Los Angeles was third with $10.7 billion. Houston was sixth with almost $7 billion in transactions.