Downtown Dallas Growth Produces Ripple Effect

DALLAS—Mayor Eric Johnson recently presented the state of downtown address and there were specific applications to the commercial real estate industry included in the speech, including the 2019 to 2020 fiscal budget which is set to reduce property tax rates. Johnson said he was proud of the growth in downtown Dallas, including additional retail stores, restaurants, and museums that are attracting more people and businesses to the area. He added that he would like to see downtown become more walkable and livable, a place where people not only work but also reside.

In this GlobeSt EXCLUSIVE, Andrew L. Gross, senior associate of capital markets at Matthews Real Estate Investment Services, recently shared his thoughts on the state of downtown address, and how the growth of Dallas relates to property owners and real estate investors.

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