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
The increasing role of technology in enabling employee collaboration is pushing the incorporation of Audio / Visual Systems into the early stages of build-out planning.
A recent collaboration with CoreLogic on the development of their Dallas campus provided JLL’s Project and Development Services team the opportunity to assist with the company’s goal of transforming into a modern property information, analytics and services brand.
“Our mission is to find and offer solutions… Read More
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
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
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
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
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
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.
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