Why invest in Collin County Commercial Real Estate?
Justin Jordan
Experienced Commercial Real Estate Broker | Texas Real Estate Broker License
Commercial Real Estate can be a good alternative to investing in the volatile stock market. Collin County, TX is a one such submarket of DFW that commercial developers and investors should look at closely. As return on investments are shrinking in the larger metro areas, it looks like Collin County, farthest north suburban area of DFW, is just now heating up.
Why does Commercial Real Estate in Collin County look like a solid long term investment? Lets look into a few indicators and read between the lines:
Growth: Since 2000, the population has grown 44.5% to an estimated (2014) population of 885,241, making Collin County one of the fastest growing counties in Texas and the United States. If that rate stays on course, and all indications it will, then by 2030 it is estimated that 1.2 million will call Collin County home.
Diversity: One in Five county residents are foreign born, creating a diverse community and driving the need for more community, institutional and family driven facilities and amenities.
Demand: The total vacancy of existing Class A office buildings is at a low 9% in Collin County. With giant corporations relocating their headquarters in Plano & Frisco, along with the investment in infrastructure and transportation, new office construction is in high gear. With new corporate offices, comes the need for more office buildings, comes the need for more retail, restaurants and hotels, comes the need for service industry oriented business, comes the need for more residential.
With the momentum that the commercial and residential growth is generating, it is a fairly safe bet that Collin County, TX will possibly experience its best years to date over the next 15 years. That is a formula for a solid investment.
Helping business owners, CEO's, and CFO's save time, save money, and improve the bottom line. Buyer Rep | Tenant Rep | Investment Real Estate
8 年Great summary of the benefits of investing in Collin County.
Commercial Real Estate Asset Management
8 年Great Read!
Commercial Real Estate Advisor | Senior Vice President at Broadwing Advisors
8 年Great article Justin. Thanks for sharing.