With congestion issues and seaport gridlocks plaguing the transportation industry, air freight volumes are back on the rise. According to JLL’s annual Airport Outlook Report, global air cargo saw a 4.5 percent annual increase in 2014 and the forecast calls for 5 percent growth in 2015. This has created a flurry of leasing, building and investment in the distribution center real estate surrounding key U.S. airports. And as a result, rents are rising for… Read More
Last week Managing Directors Terry Darrow and Brad Selner were named Industrial Broker of the Year and Office Broker of the Year, respectively, by the North Texas chapter of the National Association of Office and Industrial Parks (NAIOP).
Broker of the Year nominees are submitted by Principal Members of the chapter and demonstrate consistent performance; excellent business ethics; and… Read More
Our 2015 outlook for the Dallas office market continues to be positive. Despite recent national news about the impact of declining energy prices on some Texas markets, Dallas has a diverse economic base that should insulate it from much of this turmoil. Jobs increased last year in DFW by more than 110,000, with gains registered across almost all sectors. These… Read More
According to JLL’s recently published office statistics, 2014 was a banner year in North Texas. Below are several key trends driving the market, but for a complete copy of the firm’s fourth quarter statistics, click here.
Construction deliveries outpace demand in latest quarter
- In 2014, 2.6 million square feet of new office construction was completed, which outpaced the 2.3 million square feet of positive net absorption. This increased the total vacancy to 19.4 percent, a modest 30-basis point … Read More