The following Q&A was completed as part of our conversational Commercial Real Estate FAQ Interview Series, we hope you find it helpful.
As different cities create their own “booms” across the country, migrations occur. When these migrations come to any particular area, real estate developers take notice. Moss has found that migrations from the north to South Florida and from California to the Dallas/Fort Worth area has created it’s own boom in the real estate development industry.
Richard Wilson: So, first question is how has the real estate development industry changed over the past 16 years since you’ve founded Moss?
Chad Moss: We’ve seen a couple cycles, I would say that the world has seen a couple cycles. Money has been fairly insulated from national trends in cycles in South Florida, so we’ve seen a good flow of work leading after 2010 that much of the rest of the country has not seen, but we’ve seen a big migration of folks moving from the north to the south of Florida. And from the Dallas perspective, our Dallas office, has seen a significant pickup in multi-family construction in the last few years and that’s obviously the migration from California to the Dallas Fort Worth area.