Real estate expert says Texas city has become a 'major player'
Real estate expert Rogers Healy says Fort Worth is a 'major player' as Texas city's commercial real estate grows despite struggles across country on 'The Bottom Line.'
Fort Worth, Texas, is not just an oil and gas city anymore, according to one real estate expert.
The «kissing cousin to Dallas» is seeing a commercial real estate boom.
«I think slow and steady continues to win the race,» Rogers Healy and Associates CEO Rogers Healy said on FOX Business' "The Bottom Line."
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«It's always just kind of done their thing at their own pace. But what started to happen is Fort Worth, maybe in large part because of TCU [Texas Christian University] football, has become a major player. And I think people are moving there.»
A view of downtown Fort Worth, Texas. (iStock / iStock)
In fact, Fort Worth added more residents than any other city in the country from July 2021 to July 2022, according to U.S. Census Bureau data. It is ranked as the No. 13 largest city in the U.S., with 956,709 people.
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«Fort Worth is a major player,» Healy repeated, «and I think the commercial real estate market is a great benefactor because of that.»
Compared to other major cities, Fort Worth has the «ability to expand,» Healy noted in response to Dagen McDowell pointing out that it put real estate developers in a position where they could meet the demands of specific businesses after keeping office vacancy rates steady and low during the pandemic.
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