Category Archives: Research

Big Apple to Big D: How is Downtown Dallas becoming more like NYC?

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By Brooke Armstrong

We’ve been talking about Uptown for a long time. A lot of positive trends, like “live-work-play” environment, amenity rich, walkability. Everybody wants to be a part of it. As this cycle starts to peak, it seems safe to say the submarket has truly arrived.

In fact, JLL recently published a study that noted McKinney Avenue as the 14th most expensive street in the United States,… Read More

The growth and transformation of Allen

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By Walter Bialas

Despite the ups and downs of the national economy, the Dallas-Fort Worth metroplex expands.  I find it hard to believe that at the beginning of the tech boom in the 1990s, our job base totaled 2.6 million versus 3.7 million today.  At that time, our telecom corridor was rapidly expanding and Legacy was in its toddler years. Those 1.1 million new jobs fueled the expansion and creation of many business hubs.

As we… Read More

NBC DFW: JLL Research – DFW Business Owners Experiencing 30% Hike in Rent

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By JLL Dallas

According to the latest research from JLL, the Dallas-Fort Worth market is seeing historic rents and vacancies with new companies and businesses making their way to North Texas. Over the last five years, businesses have also seen a 30% increase in their rents.

NBC DFW’s Maria Guerrero spoke with JLL Executive Vice President Brooke Armstrong to learn more about what’s driving these changes in the market and how… Read More

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