Real estate investors and experts discuss the Texas draw during the Bisnow Digital Summit on June 23rd. (Screenshot by Miranda Himes / Impact on the Community Newspaper)
Top Texas developers and investors discussed the post-COVID-19 real estate market and trends during the Bisnow Digital Summit on June 23.
Over five sessions throughout the day, industry experts explored the vision for the future of Texas, what makes Texas so attractive to businesses, the future of mixed-use developments, office tenants and apartment buildings.
Experts have talked a lot about what makes Texas a good place to relocate. According to him, Matthew Dawson, CEO of Utility Global, moved his company from the Utah mountains to Texas because of a talented workforce and numerous investors in Texas. David Hayes, managing partner at BP Ventures, pointed to higher spending in California and a better quality of life in Texas.
Craig Hall, founder of the Hall Group, said he works with out-of-state leaders on his projects and working with Texas installations is “refreshing.”
“I’m from the Midwest, and I have a leg in the Midwest, and I’ll tell you, Texas is so superior to me in terms of attitude,” he said.
However, according to experts, the state has some shortcomings that need to be eliminated. According to Larry Hurd, CEO of Transwestern, a real estate and development company, the main challenges that Texas needs to address in order to be successful in business are power grid, education, infrastructure and transportation.
“By 2050, the population of Texas will double, so we are going to grow from 30 million to 60 million, which is incredible, but … we will have to think about this growth,” he said. said.
Despite these problems, experts do not expect growth in Texas to stop anytime soon.
“The characteristics that give rise to it are still there,” said John Stevens, AT&T chief financial officer.