Tag Archives: Dallas

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

Industrial Absorption Year-End Record

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By Walter Bialas

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

An Interactive Look at Q2 2016 Dallas Office Market Statistics

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By: JLL Dallas ResearchDallas Office Buildings

JLL’s Dallas Research team has provided insight and analysis on the Dallas office market through the first half of 2016.

While vacancy has been ticking up, the market is still tight by Dallas standards. The report notes that net absorption was low in the first quarter, but was much stronger in the second.

Through the first half of the year, there

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

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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

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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

Chart of the Week: Where the Dallas Market Goes From Here

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By: Walter Bialas Bialas, Walter new

As a quick review of our first and second installments on Dallas’ office market development, what we have concluded is that the current cycle is very different than the last two – and that is going back 20 years.

Today, our economy has vastly different drivers shaping our market. While our last cycle is instructive, it was not typical due to the much lower office constructionRead More

Chart of the Week: How the Last Office Deliveries Fared

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By: Walter BialasBialas, Walter new

As part 2 in our series, we decided to look at how the last spec office buildings performed at the end of the last cycle.  This important for a couple of reasons.  From the most basic financial perspective, it is critical to understand if these developments generally hit proforma and were viewed as economically “viable” – and their success (or failure) ultimately conditioned… Read More

Chart of the Week: As Dallas’ Current Office Pipeline Ramps Up… a Bit of History

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By: Walter Bialas

The question has been coming up often these days about where office development stands in this cycle.  A recent D Real Estate blog post articulated this question, but came up short of an answer.  From our perspective, the office construction pipeline is beginning to feel pretty frothy.  In the last few week we’ve updated our under construction / soon to break ground numbers a few times a week – and that number… Read More

An interactive look at Q1 2016 Dallas office market statistics

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By: JLL Dallas Research

Story Map ImageThe JLL Dallas Research team delivers quarterly reports on the latest activity in the office market. Finding out vacancy rates, absorption and more can now be done in an interactive tool available to the left.

Click the graphic and navigate through the application. You can use… Read More