I'm off on vacation, on the other side of the world in Perth, Australia. It is a gorgeous time of year so I am using it wisely to spend time with family and to compare real estate markets. I suppose it is just the way land developers are wired - always thinking about work.
As I drive (on the wrong side of the road) and walk throughout Western Australia, I am interested to note the similarities that encompass our own great Nation with that of Australia. Regions within Australia are effected differently, with some regions seeing a resurgence and others the full weight of economic strains. While in Perth I see more and more residential condo units going up, all-the-while with vacancies abound. Class A and B office space occupancy rates appear low (I'm not working THAT hard - so I haven't done research to verify my windshield study.), yet the presence of office and retail construction is still a strong and predominate observation.
As I check in on the office from time-to-time, and read the local Statesman, I am pleased to see that economists are seeing the light at the end of the tunnel and strength in the Texas economy. I hope they are right. I know our company is doing our part to keep the local economy going, keep it strong and to promote a healthy and diverse product for interested buyers.
Even while I am out the office still presses forward, so don't hesitate to give us a call if you have an interest in one of our properties.
More later on the use of round-abouts and why we need more in Texas! The really work. See ya when I get back for Down Under.
Good on Ya!
Danny Burnett
Development Coordinator
Dwyer Realty Companies
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