Dallas Subscribers Watch This… | The Economic Ninja

➡ The Economic Ninja talks about how the Dallas commercial real estate market is struggling, with a high vacancy rate of 26% in the first quarter. Despite some signs of recovery, companies continue to downsize, leading to an oversupply of office space. The author believes that mixed-use commercial property could be a good investment opportunity during this downturn. He also mentions a meetup in Dallas for further discussion on the topic.

Hey everybody, economic ninja here. I hope you are doing great. You know who’s not doing great? Dallas. It’s interesting, there are a ton of stories coming out of Dallas. Media showing that or them stating that commercial real estate’s not crashing. Don’t worry, everything’s great. Got a story for you and I decided something before we fly out tomorrow. I came here to film a course with a cryptocurrency trader and I want to meet you guys.

So if anyone is in the Dallas area tomorrow evening, we are going to be at the embassy suites DFW south in the lobby from 537 and would love to meet you guys. If you guys want come see you tomorrow. All right, this story is out of thereealdeal. com. It’s entitled Dallas office vacancies stood at 26% in quarter one. It said demand started to bounce back with 2. 5 million sqft in leasing activity.

But subleasing and downsizing resulted in negative absorption since Dallas office sector flashed glimmers of hope in the first quarter. But vacancies remained high as companies continue to downsize and supply outpaced demand. It says here the city saw 2. 5 million leasing activity in the first quarter, indicating that demand is starting to bounce back after dropping to historic lows during initial yields of the years of the pandemic, the Dallas Morning News reported.

Look, I’m going to be honest with you. I think one of the greatest opportunities in this real estate crash is going to be mixed use commercial property. I think it will be so exciting to buy up Main Street USA at depressed prices when you can buy a commercial unit with residential units on top. Now you’re going to need a commercial loan. We’re going to fix that. We’re going to show you how to do that again real quick.

Want to throw a shout out? I’m going to be at the embassy Suites Hilton by Dallas DFW airport South tomorrow before we fly out from 530 to 07:00 p. m. If anybody from Dallas wants to come, let me know down in the comments. I’ll see you down in the lobby. We’re going to hang out, we’re going to party, we’re going to talk about economics and we’re going to have a lot of fun.

Now going back to the real estate situation in Dallas. Four years removed from the onset of the pandemic, companies are still shrinking their office footprints in the light of the remote work movement. At the end of 2023, roughly 71 million sqft, or 30% of total office inventory. We’re talking about Dallas and I’m going to show you something in the headlines. This is going to blow you away. So no matter where you live in America, this is actually happening.

And I’m going to show you how the headlines are trying to deceive you. It says at the end of 2023, roughly 71 million sqft, or 30% of total office inventory was available in Dallas Fort Worth. According to data from Avison Young, the amount of sublease space in Dallas rose to more than 8. 6 million sqft in the first quarter. A chunk of that came from accounting firm KPMG, which puts which put 30, sorry, 63,000 sqft up for sublease in the 19 story KPMG Plaza.

Alright, now check this out. If you go to Dallas real estate, bam. Google it and just read the headlines. It tells a very interesting story. Here are the headlines. United real estate United Real Estate unveils flagship office in Dallas, Texas. Costco takes north Dallas office building most expensive Dallas homes for sale. There’s also stories entitled Dallas Office demand is there, but it’s quiet. Check this out. Out of the business journals, the cre or commercial real estate sky isn’t falling.

Why retail is booming in DFW. Dallas Business Journal they’re trying to put out information that things are good, everything’s great, but it’s not. It says here Federal Reserve bank of Dallas put out a story five days ago. Not your typical cycle. Where does real estate go from here? Here’s a story a month ago, real estate investors favor Los Angeles, Dallas, New York and London. Here’s my point. We are in one of the most epic downturns ever.

And the truth is Dallas is one of those places that saw a big boom along with Austin and some other large cities across the country. These the first to pop if you’re in the Dallas area type one. Just curious to see how many people watching are from the Dallas area. The fact of the matter is the higher they go up, the harder they fall. But also the first localities in the country that rise start to drop.

And around the country, some of those cities that exploded first in price, in volume of transactions are now popping. And now we’re going to start to see the overflowing of inventory hitting the market. Anyway, my point is this. It’s late, I’m super tired, but I wanted to do this video because I’m going to do a meetup. It’s going to be before you fly out tomorrow from 05:30 p.

m. To 07:00 p. m. At the embassy suites by Hilton Dallas. DFW airport south. I’ll see you guys in the lobby. We’re just going to hang out. We’re going to have a good time. Can’t wait to meet you guys. I’m going to drive the country here pretty soon. We’re going to have meetups all over the country. I’m going to meet in indian nation. I’m going to interview you.

You’re going to interview me. We’re going to get to know each other and we’re going to take this movement not only on the road, but to the nations because this thing is about to blow up. That being said, the economic ninja is out. .

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