2023 Mid Year Texas White Paper
Dallas: A Transaction Leader and Market Resilience
Even with a 27.0% decrease in transaction activity, Dallas stands amoung the top 125 metros in healthcare real estate transactions, retaining its first-place position in transaction volume. Booming life science and a strong labor force highlight the city’s enduring appeal and strong position as a key player in the healthcare real estate market. One of the key indicators of the market’s resilience is the consistent rise in pricing, and strong occupancy, which has remained impressively above 90%, despite a top 5 ranking in total square footage in the marketplace. In the face of challenging national market conditions, Dallas continues to attract tenants, demonstrating the city’s stability and reliability as a medical office hub.
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As The TICI Group of Companies moves forward, the shareholders are reminded that it all began over a century ago with a vision of Lucretia Mendiola in 1911. It is instilled in the same vein for the third generation to deliver the same values, work ethic and integrity for generations to come.