Tag Archives: Chart of the Week

Quality Space Leads Demand

0 CommentsBy

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

0 CommentsBy

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

Large Blocks of Quality Class A Space

0 CommentsBy

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

Chart of the Week: Job Growth Remains Consistent in Dallas-Fort Worth

1 CommentBy

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: Strategic Renovations Could Provide New Life to Established Multi-family Properties in DFW

0 CommentsBy

By: Walter Bialas drawings-179127629

Previously, we looked at the timing of the pipeline of multifamily units being delivered over the next couple of years in the metroplex.

One common feature of many of these units is that they are targeting the upscale renter.  Quite simply, given current land and construction

costs, this is the reality of pricing today – be it here in Dallas-Fort Worth or other major markets around the… Read More

Chart of the Week: Planning Ahead – A Look at DFW’s Multi-family Development Pipeline

1 CommentBy

By: Walter Bialas 

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

Chart of the Week: Dallas-Fort Worth GDP Outpacing National Average

0 CommentsBy

By: Walter Bialas Jobs

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

Chart of the Week: DFW ranks among top five US Data center markets

0 CommentsBy

By: Walter Bialas 

JLL recently released its annual data center report covering the top US markets. Overall, data center demand is expanding rapidly as cloud technology becomes more a part of everyday life.

As noted in the report, “consumers have an insatiable thirst for digital content”.  In fact, JLL expects the cloud managed service market to double in the next five years.

The report highlights a variety of factors shaping… Read More

Chart of the Week: A closer look at Dallas’ Skyline

0 CommentsBy

By: Walter Bialas Bialas, Walter new

When I arrived here three-and-a-half years ago, Klyde Warren Park just opened.  That was a game changer that we all recognized.  Our urban core has continued to evolve as occupancy has increased in many buildings and rents are now pushing the $50 per square foot level. Our Skyline buildings comprise a variety of assets, from large skyscrapers built in the prosperous 1970s and 1980s to… Read More

Chart of the Week: Putting Dallas’ Recent Home Price Increases in Perspective

0 CommentsBy

By: Walter Bialas Bialas, Walter new

Our market has seen unprecedented growth the last few years, adding close to 690,000 jobs since 2010 – a 23% increase. That is an amazing performance!

One of the prices for that level of economic expansion is the very tight housing market we now have.  Rents are going up for apartments most… Read More