Downtown Dallas Makes List of Top Comeback Markets

Downtown Dallas is getting a shout out for its revival.Big D's central business district has been recognized by Realtor.com as one of the country's top cities that's seeing a downtown comeback.Dallas ranked eighth in the real estate marketing site's list of top downtowns. Austin also made the list in sixth place."When the real estate market in Texas crashed in the early 1990s, nearly one-third of the offices in Dallas were left empty--the biggest chunk of urban vacancies in the country," say's Realtor.com's Yuqing Pan. "That era has ended."Abandoned downtown offices are now luxury lofts, and more new condos have gone up. Once a ghost town after dark, downtown has found new life."Downtown Dallas' residential base has grown to almost 10,000 apartments, condos and townhouses in the last decade.Realtor.com rated cities on the growth of downtown residential population in the last five years, additions of retail, job growth and other economic factors.  Continue reading...