Category Archives: Uncategorized

JLL Team Member Selected to Dallas Business Journal 2017 40 Under 40

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By JLL Dallas Littlejohn, Torreycropped

The Dallas Business Journal recently recognized one of our very own with a special honor.

The publication selected Dallas Senior Vice President Torrey Littlejohn to join its elite group of the city’s “40 Under 40.” This honor recognizes Dallas-Fort Worth’s top young leaders in the business community.

Torrey is the third JLL team member from our Dallas office… Read More

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Opportunities within the Challenges

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By: Craig Jones, SIORCraig headshot

The industrial market in Dallas-Fort Worth is on the cusp of something huge.

As our team starts to wind down the first quarter and look at trends leading into the second, we’re seeing a tremendous amount of activity on the development side, the new project-side and from the tenants in the market. As I was enjoying Spring Break with my family, my mind… Read More

Categories: Uncategorized.

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

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

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

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Chart of the Week: Industrial Demand Driving DFW Land Prices

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By: Walter Bialas  Bialas, Walter new

Recently, we highlighted that the drivers of our industrial market are continuing to keep a strong pace. One additional area that this is impacting is land pricing.

While differences exist in location, access, size of the site, and improvements – pricing has been going up.  South Dallas, due to its emerging location, has recently seen rates hit $2.40 per square foot.  This… Read More

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The decline in oil prices, “bah humbug”…

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In the last few months, oil prices have declined significantly. At first, we barely noticed the shift beyond slightly lower prices at the pump. More recently, the slide has been pronounced as the benchmark West Texas Intermediate Crude (WTI) dropped from a 2014-high of $106 per barrel in June to $55.00 just last week.

While this is an important national topic, the concern here in Texas is palpable. To borrow from the Dickens’ classic, this… Read More

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Jeff Staubach: It’s Time to Ask Myself, #amiold?

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Last week I presented at our new hire orientation and told a story about sending a book to a client.  I got blank stares and a room full of confused faces, so I joked, “Books…it’s when a bunch of paper is bound together with a cover…you can buy them in stores.”

That’s when I realized that at 39 (not 40…yet), maybe I’m getting old.  These fresh-faced 20-somethings looked a little embarrassed for me and whispers… Read More