White Commercial Real Estate predicts that the Lone Star State's economic expansion will continue to grow over the next five years.

The estimate is based on powerful employment and a prediction of income growth for the state. 

"In all of my years in this business, I have never seen so many great investment opportunities in Texas real estate," CEO of WCRE Kevin White said, told by a statement from the group. 

"For the second year straight, Dallas is ranked the country's top commercial property investment market. And recent corporate relocations to Texas include Charles Schwab, Hewlett Packard Enterprise, McKesson, Oracle, PGA America, and CBRE. Texas now offers tremendous asset value growth that is unmatched in the U.S. We are already positioned to help, providing expert advisory services to institutional investors, venture capital funds, family offices, individual investors, and businesses."

According to the press release, Texas boasts the ninth-largest economy in the world by GDP. 

"The Texas economy is booming," said Governor Abbott, per the statement. "Businesses are investing in the Lone Star State at a record pace because we've built a framework that allows free enterprise to flourish and hardworking Texans to prosper. The June jobs report shows that our young, growing and skilled workforce has forged a diversified and resilient economy, with Texas employers adding back more than 1.1 million jobs since the end of April 2020, the peak pandemic impact on jobs."

The strong growth forecasts can be attributed to a pro-business atmosphere, influxes of out-of-state families moving to the Lone Star State and businesses bringing headquarters and operations to Texas, according to WCRE. 

Self-described as an "exclusive boutique real estate firm," WCRE specializes in industrial, multifamily, office, data center, retail and raw land properties. Their website states that they "have a deep understanding of key markets and sectors - both emerging and established. We guide our clients to be proactive rather than reactive in a fast-paced and ever-changing landscape on a local and national scale."

For more information on WCRE, click here.