Tag Archives: Research

The growth and transformation of Allen

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By Walter Bialas

Despite the ups and downs of the national economy, the Dallas-Fort Worth metroplex expands.  I find it hard to believe that at the beginning of the tech boom in the 1990s, our job base totaled 2.6 million versus 3.7 million today.  At that time, our telecom corridor was rapidly expanding and Legacy was in its toddler years. Those 1.1 million new jobs fueled the expansion and creation of many business hubs.

As we… Read More

NBC DFW: JLL Research – DFW Business Owners Experiencing 30% Hike in Rent

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By JLL Dallas

According to the latest research from JLL, the Dallas-Fort Worth market is seeing historic rents and vacancies with new companies and businesses making their way to North Texas. Over the last five years, businesses have also seen a 30% increase in their rents.

NBC DFW’s Maria Guerrero spoke with JLL Executive Vice President Brooke Armstrong to learn more about what’s driving these changes in the market and how… Read More

Dallas-Fort Worth’s Diverse Industrial Market

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By JLL Dallas Research

While we tout the diversity that characterizes our office tenants here in Dallas-Fort Worth because of the strength and stability it brings, our industrial tenant base shares a similar diverse make-up.

The chart below highlights the breakdown of industrial tenants by major Standard Industrial Classification (SIC) category, illustrating the wide variety of tenants that shape our market.  We have also included some of the more recognizable tenants that fall into the larger… Read More

The Power of Millennial Money

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By: JLL Dallas Research

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

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

Large Blocks of Quality Class A Space

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

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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

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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: Legacy Town Center Development Shaping the Environment

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By: Walter Bialas Bialas, Walter new

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 jobsRead More

Chart of the Week: DFW Industrial Market Still Performing

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By: Walter Bialas Bialas, Walter new

The last few quarters, our region’s industrial market has been on a building boom.  With 23 million square feet now under construction, we are well above any average.  The obvious warning here is that supply and demand must remain in balance – and record construction must be matched with record absorption.

Last year we did that.

So far this year, our fundamentals remain very strong. … Read More