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.
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
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
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.
There is a lot of press about the impressive economic growth happening in Texas and Dallas-Fort Worth. While we tend to focus on jobs as the bottom line, metro area Gross Domestic Product (GDP) is another metric that showcases our market.
Research Analyst Sam Wood pulled together the chart below that looked at GDP over the long-term. Overall, the take away is that the North Texas… Read More
Several of our team, across brokerage, labor analytics, GIS, and research are now evaluating the near- and longer- term impacts of the growth coming to Legacy.
While this work is still in process, the chart below looks at greater Legacy and benchmarks growth for office, retail, and multifamily. Based on our analysis, we can quantify that the new development will bring 20,000 jobs… Read More
We have an interesting resource that allows us to look at new home lot development across the metroplex.
The map below, created by Analyst Stephen Lopez of our Geographic Information Systems team, provides a good visualization of the activity across our northern suburbs, which is a major hot spot in our region.
What’s interesting to note is how this matches up nicely with the direction of job growth… Read More