Tag Archives: Walter Bialas

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… 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… 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… 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… 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… Read More

Commute Time vs Home Price

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By Walter Bialas

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.

Still, even… 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… 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… 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… Read More