Category Archives: Research

How will XTO’s move impact Fort Worth’s office market?

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By Todd Burnette

This article was originally written for the October 2017 issue of Texas Real Estate Business magazine.

The recent announcement that XTO Energy Inc., a division of energy giant ExxonMobil, will be moving 1,600 jobs to Houston was not the best news for Fort Worth.

The move, which will occur in waves between 2018 and 2020, will reduce downtown’s private workforce by 3 percent… Read More

Consumers evolving demand

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By Rob Franks

People are reading headlines every day that many of the retailers they grew up with are closing. That the casual dining area is suffering. There’s an overwhelming fear that retail will never be the same, and, to some extent, that’s true.

The common thread with… Read More

Inside out: Connecting the core of the CBD to the Arts District and Uptown

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By Brooke Armstrong

Dallas Skyline properties are evolving, morphing themselves into a ‘live, work, play’ environment, with new developments and capital improvements to established assets generating strong interest in the CBD and nearby Uptown for perspective tenants and investors, alike.

Our solid economic fundamentals, strong employment pool and continued job gains are driving demand and interest… Read More

Dallas-Fort Worth’s Diverse Industrial Market

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By JLL Dallas Research

While we tout the diversity that characterizes our office tenants here in Dallas-Fort Worth because of the strength and stability it brings, our industrial tenant base shares a similar diverse make-up.

The chart below highlights the breakdown of industrial tenants by major Standard Industrial Classification (SIC) category, illustrating the wide variety of tenants that shape our market.  We have also included some of the more recognizable tenants that fall into the larger… Read More

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

Quality Space Leads Demand

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By Walter Bialas

While office absorption has slowed from its frenzied pace in 2014 and 2015, it is still running well above our long-term annual average of around 1.5 million square feet. At the start of 2016, we took a shot and estimated that we would be around a 2 million square feet this year. With 1.5 million square feet of Class A and B in the books through 3Q, that still looks like a… Read More

Chart of the Week: Home Price Affordability

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By Walter Bialas

JLL Research took a look at home affordability and how it has been changing in support of understanding where Legacy / Frisco is going in response to high job growth .

This is no surprise because it is in the news often – home prices have been rising fast here in Dallas/Fort Worth, with numbers like 8% to 10% annually commonly quoted. The chart below shows the median home price increase since 2013… Read More

Industrial Absorption Year-End Record

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By Walter Bialas

Our Dallas/Fort Worth industrial market has been performing extremely well.

We’ve pointed out on several occasions that despite record construction, absorption has been keeping pace. While we thought there might be a slight near-term mismatch between supply and demand, causing vacancy to rise gradually, that has not happened. In fact, as you can see below, vacancy remains at close to its all-time low.

Given where we stand today, we believe the fourth quarter will… Read More

Commute Time vs Home Price

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By Walter Bialas

As we continue to look at the rapid growth of our northern suburbs, we realized that a dramatic pricing spread exists for homes between the Legacy area and the heart of Richardson-Plano. In some ways, this is not a surprise. The six or seven zip codes around the core of Legacy are mostly newer homes, whereas much of the stock around Richardson-Plano was developed back in the 1970s.

Still, even though the size,… Read More

Large Blocks of Quality Class A Space

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By Walter Bialas

The chart below highlights the current level of large Class A blocks of office space available by submarket. We consistently track this metric, and it has not moved appreciably in the last few quarters. That is not to say demand has been lacking. In fact, most of the recent absorption has been taking place in the newest developments.

The issue here is that a good portion of the space highlighted below is in… Read More