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Texas best state for business

In Industry News by Bradford

ENGLEWOOD CLIFFS, N.J. (CNBC) – Texas snagged the top spot on CNBC’s list of America’s top states for businesses. The Lone Star state scored 1,651 out of 2,500 points, making it the only state to be named a four-time winner since the study’s creation in 2007. Texas has placed in the top five every year. Texas ranked first in the …

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Vacant Buildings Not Sitting Vacant

In Industry News by Bradford

DALLAS—Last week, Robert Kramp, director of research and analysis in the Texas and Oklahoma division of CBRE, provided a RealShare Texas sneak peek about population growth and e-commerce trends. But there is so much more going on in DFW in terms of construction, leasing and rent growth. In the first of a two-part exclusive, Kramp provided further insight into those …

Driven by In-Migration, Dallas-Fort Worth Population Growth Tops the Nation

In Industry News by Bradford

Demographic Trends Boosting Commercial Real Estate in the Metroplex By David Kahn June 15, 2018 Dallas-Fort Worth has added about 1.1 million new residents since 2010, about the same number as Houston. While the rate of population growth on a percentage basis is higher in smaller metros like Austin or San Antonio, nominal growth rates in D-FW and Houston far …

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It Would Take a Lot to Gut Industrial Demand

In Industry News by Bradford

DALLAS—Texas’ population is projected to grow to 32.7 million people by 2030. Moreover, industrial fundamentals should remain on a positive trend for the foreseeable future and the state is well positioned to weather any future economic headwinds. Unless a major geopolitical situation arises, it’s hard to fathom demand becoming short-circuited for industrial space in Texas, says Robert Kramp, director of …

How Industrial Became CRE Financing’s Newest Sweetheart

In Industry News by Bradford

Many commercial lenders in 2018 have carved out new policies for pricing discounts on quality industrial properties in core markets. Over the last few years, industrial properties have risen through the ranks among banks and other commercial real estate lenders to become financing’s new sweetheart property type. These include core market warehouse and distribution centers, refrigeration/cold storage centers, flex buildings, …

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Forbes: Dallas, Austin best big cities for jobs

In Industry News by Bradford

WASHINGTON (Forbes) – Dallas-Plano-Irving and Austin-Round Rock took the top two spots on Forbes‘ list of America’s best large cities for jobs ​​in 2018. The Dallas area had 2.6 million jobs in 2017, a 2.8 percent increase from the previous​ year. That’s 19.6 percent growth since 2012 and 25.6 percent since 2006. The city’s job growth is paced by strong …

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Dotzour Sees ‘Clear Sailing Ahead’ in Economic Forecast

In Industry News by Bradford

Austin, TX – The U.S. economy is in the midst of its second longest expansion in history – 106 months and counting – but for the CRE industry, that juggernaut may be reaching its peak. Although leading indicators are showing no signs of a recession, a slight cooling period may be in the offing in the major metros, according to …

E-Commerce Means The Future For Investors Lies In Warehouses

In Industry News by Bradford

Industrial REIT returns are poised to outperform every other REIT sector for the second year in a row. Industrial REITs, such as Prologis, Rexford Industrial Realty and Terreno Realty all returned more than 16% in the past year, cruising past other types of real estate. They even beat their own peers in the Bloomberg REIT Industrial/Warehouse index, which enjoyed an …

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Outlook for the Texas Economy

In Industry News by Bradford

Luis Torres, Wesley Miller, and Bailey Cuadra (Feb 9, 2018)  (from Real Estate Center – Texas A&M University) 2017 Annual Summary1 The Texas economy reversed trend in the wake of the energy sector downturn. Oil price increases induced a resurgence in energy activity, leading to job growth and near-record levels of production. Robust global demand and flourishing crude oil exports …

2.8 percent employment growth expected for Texas this year, says Dallas Fed

In Industry News by Bradford

DALLAS (The Federal Reserve Bank of Dallas) – The Federal Reserve Bank of Dallas is forecasting employment growth of 2.8 percent in 2018. The Dallas Fed projects 349,900 jobs will be added in the state this year, and employment in December 2018 will be 12.7 million. “​Growth last year was 2.4 percent, slightly under the December forecast of 2.5 percent …

Texas No. 1 growth state, according to U-Haul

In Industry News by Bradford

Noticed any U-Haul trucks in the area lately? Probably. Texas continued its reign as America’s No. 1 Growth State during 2017, according to U-Haul data analyzing the past year’s U.S. migration trends. Year-over-year arrivals of one-way U-Haul truck rentals rose 1 percent while departures climbed 3 percent from Texas’s 2016 numbers. Some of the state’s increase in overall U-Haul transactions …

2017 was the best year for Texas manufacturing in more than a decade

In Industry News by Bradford

It was a banner year for Texas manufacturing in 2017, as the state recorded production levels not seen since before the recession. Every month, the Federal Reserve Bank of Dallas surveys Texas manufacturing executives about market conditions. A key measure of the industry’s performance is the production index. Anything above zero means a majority of respondents saw growth, while anything …

Warehouse construction hits new high in D-FW with more on the way

In Industry News by Bradford

by:  Steve Brown, Real Estate Editor Busy developers delivered more new warehouse in Dallas-Fort Worth than ever in 2017. A record 26.8 million square feet of new industrial building space opened its doors in North Texas last year, according to a new report from commercial property firm CBRE. In the last seven years almost 100 million square feet of new warehouse …

North Texas net office leasing grew by 38 percent in 2017

In Industry News by Bradford

by:  Steve Brown, Real Estate Editor A surge in fourth-quarter leasing made Dallas-Fort Worth the top office market in the country for 2017. Expanding and relocating companies net-leased almost 4.7 million square feet of North Texas office space in 2017, according to a just-released study by commercial real estate firm Cushman & Wakefield Inc. Last year’s net office leasing — …

Texas added more people than any other state in past year

In Industry News by Bradford

By Daniel Salazar  –  Staff Writer, Austin Business Journal Texas added more people than any other state from 2016 to 2017, according to national and state population data released last week by the U.S. Census Bureau. Between July 1, 2016 and July 1, 2017, the Texas population increased by nearly 400,000 people, No. 1 nationwide. The Lone Star State’s population …

Globalization’s Effects on Texas Manufacturing

In Industry News by Bradford

Once again the impacts of free trade are at the forefront of international economic discussions. From renegotiating the North American Free Trade Agreement (NAFTA), to the Trans-Pacific Partnership, to Brexit, many nations are reanalyzing their views on international trade and globalization. This article examines the impacts of two major trade liberalization events on Texas manufacturing employment: the implementation of NAFTA …

Can A Market to Be Too Hot?

In Industry News by Bradford

Reprinted from GlobeSt DALLAS—The Dallas/Fort Worth area has experienced impressive economic growth since the Great Recession. Affordability and job growth have attracted people to the area in that time frame. According to the US Bureau of Labor Statistics, the DFW MSA ranks second in both rate of job growth and number of jobs added nationally. In Dallas alone, the population …

Industrial Boom Has Room to Grow

In Industry News by Bradford

As e-commerce continues to take up market share in the retail space, the industrial sector is benefiting from increased demand for space, making the property type a hot commodity. Panelists at the 2017 ULI Fall Meeting in Los Angeles discussed their largely optimistic perspectives on the industrial sector’s prospects, but also acknowledged the challenges that come along with their business. For Prologis, …

Manufacturing is a Cornerstone of the Texas Economy

In Industry News by Bradford

Manufacturing is a cornerstone of the Texas economy, employing more than 7% of Texans, paying high wages, and producing hundreds of billions in goods for export each year. These businesses also generate opportunities for a broad spectrum of other types of firms ranging from suppliers of needed inputs to those providing business services. In addition, as employees of all of …

New report provides update on Texas migration patterns

In Industry News by Bradford

AUSTIN (Texas Comptroller of Public Accounts) – It’s common knowledge that Texas’ population has grown by leaps and bounds the past few years, and growth will likely continue indefinitely. A new report from the Texas Comptroller uses U.S. Census Bureau data to ​look at where folks are coming from and where they’re settling down. Highlights: Between April 1, 2010, and …