Author Archives: harvey.mireles@am.jll.com

Dallas-Fort Worth Meeting Growing Data Center Demand

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By: Curt Holcomb 

There’s never been this much data center development happening at once in DFW, ever. The demand for colocation space is at an all-time high, and enterprise companies are almost universally outsourcing their data centers to colocation providers in Dallas-Fort Worth and throughout the US. The growing concentration of corporate offices for Fortune 1000 companies has played a huge factor in attracting attention to DFW.  This, coupled… Read More

Categories: Data Centers, JLL.

The Power of Millennial Money

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By: JLL Dallas Research

Recently, a map had been circulating online that noted the average salaries of millennials in each state.  Because the state-to-state differences were pretty minor, we decided to investigate further and look into what this really meant to working millennials in major metro areas.

To start, we pulled incomes for working millennials (ages 25-34 years) in the major metro areas in the US.  The initial results showed the obvious – that average incomes… Read More

Chart of the Week: DFW Industrial Rent Growth Cycles

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By  Walter Bialas

A couple of weeks ago, we posted a chart showing office rent growth over time in Dallas. We got such strong positive feedback, we thought we’d showcase the same for industrial.

Interestingly, the numbers come out a bit different.  Whereas office is still at or still close to peak increases, rent gains for the industrial sector have come off their 2014 and 2015 peaks and begun to moderate for the majority of submarkets.  Given… Read More

Chart of the Week: Job Growth Remains Consistent in Dallas-Fort Worth

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By  Walter Bialas

Job gains continue pretty much unabated in our market.  We watch these numbers closely for any sign of slowing, and there simply has not been any trace.

The most recent numbers from the Bureau of Labor Statistics has Dallas-Fort Worth adding 117,000 jobs on an annualized basis.  That equates to a 3.4% growth rate, twice that of the US.  DFW also accounts for 63% of overall Texas job gains in the last year.

What’s more… Read More

DFW is Primed for Retail Growth and ICSC Texas

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By  Mark Newman 

Very few things stir the retail industry quite like the International Council of Shopping Centers (ICSC) deal making conferences. These conferences are where deals get done and companies plant or strengthen roots in markets across the U.S.

In advance of the ICSC Texas Conference & Deal Making event, let’s take a look at what makes Dallas-Fort Worth such a vibrant and viable market and how… Read More

Categories: JLL, Retail and tagged , , , .

Chart of the Week: DFW Office Rent Growth Cycles

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By  Walter Bialas

Our research team adapted a new way to highlight the multifamily rent growth over the last several years to provide a unique visual of our local office market.

What you see below is “annual” rent for Class A & B office space across our submarkets going back to 2000.  We colored the last few years so they would stand out against the backdrop of the prior years.  Interestingly, except for a couple of submarkets… Read More

Categories: Uncategorized.

Chart of the Week: “Re-urbanizing” Downtown Dallas

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By  Walter Bialas

Last week, I saw an interesting article in the Urban Land Institute’s magazine on the re-urbanization of downtown Los Angeles.  The article did a nice job pointing out the changes that have been taking place in LA and identifying the ingredients for success.  These included a resurgence in housing, critical to enlivening the streets, new commercial development, and reinvestment in the community.

We have been seeing similar changes here in Dallas.  Importantly, change… Read More

Chart of the Week: Strategic Renovations Could Provide New Life to Established Multi-family Properties in DFW

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By: Walter Bialas drawings-179127629

Previously, we looked at the timing of the pipeline of multifamily units being delivered over the next couple of years in the metroplex.

One common feature of many of these units is that they are targeting the upscale renter.  Quite simply, given current land and construction

costs, this is the reality of pricing today – be it here in Dallas-Fort Worth or other major markets around the… Read More

Chart of the Week: Planning Ahead – A Look at DFW’s Multi-family Development Pipeline

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By: Walter Bialas 

It’s hard to miss the ongoing media attention about DFW’s apartment development pipeline. We decide to examine the sector to get a better sense of where the market stands in terms of recent deliveries and new product positioned to come on line.

We recognize that actual delivery dates are difficult to benchmark perfectly across so many properties.  Even with that, as we tally-up units completed in the first… Read More

Chart of the Week: Where are DFW’s Newest Residents Coming From?

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By: Walter Bialas

JLL has been working hard to enhance what can be done with our GIS platform.

Analyst Stephen Lopez of our Geographic Information Systems (GIS) team recently took national Census data and was able to chart out where those that had moved to Dallas-Fort Worth originated.  In some ways the results are common sense, but it is an excellent illustration to “tell the story” with a simple and clear graphic.

The next… Read More