View Post

Dallas-Fort Worth Industrial Market Leads the US in Construction and Leasing Activity

In Industry News by Bradford

Market Stat: Industrial Market in Dallas-Fort Worth Shows No Signs of Slowing Down Dallas-Fort Worth currently leads the nation in terms of industrial development, as the market currently has 29 million square feet of completed industrial space over the past 12 months, and there are no signs of slowing down. The Metroplex currently ranks above the Inland Empire market in …

4 Property Management Trends for 2019

In Industry News by Bradford

From operating high-performance buildings to maximizing tenant occupancy, leading landlords, building and asset managers shared their insights. Smart buildings and data Amidst the growing market of smart sensors and systems promising everything from energy efficiency to improved tenant relationships in commercial buildings, one major point is often overlooked: smart technology in and of itself doesn’t make a building smart. The …

One-Quarter Of All U.S. Office Construction In The Past Decade Was In Texas

In Industry News by Bradford

Texas metropolitan areas have been leading the nation in office construction and have no reason to pump the brakes on future construction projects since demand only continues to grow, a new report from CoStar says. “The Texas miracle still has lots of steam,” CoStar Group Director of Market Analytics Paul Hendershot said. “We continue to be on top of the …

U.S. Economic Expansion Has Clear Runway to 2021, Says Wells Fargo Economist

In Industry News by Bradford

CHARLOTTE, N.C. — The current U.S. economic expansion — 120 months and counting — is poised to become the longest in modern U.S. history come July. Mark Vitner, senior economist at Wells Fargo Securities, says the runway is clear for additional growth until at least 2021 before the start of the next recession. The last time the U.S. economy expanded …

100 Years of Office Space Trends

In Industry News by Bradford

The modern office focuses on technology, comfort and collaboration, but the road to get to a place with standing desks and flexible work stations was more than a century in the making. From the first open floor plans of the early 1900s to the introduction of the cubicle to the current creative office trends, office spaces are an ever-evolving concept that is …

Why Google is planning a $600M investment in Midlothian

In Industry News by Bradford

Google is making an even larger investment than expected for its first data center in Texas. The search-engine giant, part of the Silicon Valley’s Alphabet Inc. (Nasdaq: GOOGL), is putting $600 million in the Ellis County facility, according to a statement on Friday. The company says it will create a number of jobs at the data center and hundreds of …

DFW Job Growth Exceeds 3%, Boosts Housing

In Industry News by Bradford

Mortgage rate, stock market and other economic fluctuations will always have an effect on consumer confidence, but DFW area builders have been able to adjust, improving cycle times and leveraging costs. DALLAS—In its latest new hire, Trendmaker Homes hopes to capitalize on a metro known for its strong employment growth and housing affordability. Dallas-Fort Worth, which ranked in the top …

For CEOs looking to get things done, Texas is still the best bet

In Industry News by Bradford

Low taxes and low regulations led head honchos to tap Texas once again as the best state in the United States for business, according to a ranking from Chief Executive. The magazine’s 2019 “Best and Worst States for Business” survey captures poll results and feedback from CEOs from across the country, taking on the role of a barometer for chief …

The Fed, Interest Rates and Property Values

In Industry News by Bradford

In March 2019, the Federal Reserve announced it would leave the key interest rate unchanged, bringing to a halt the hikes it had begun in late 2015. In the same announcement, the Fed forecasted one rate hike in 2020, and stated they will stop reducing their bond portfolio by fall 2019. The Fed opted to take a hands-off approach to …

View Post

Foreign investors poured more than $849M into DFW’s industrial market last year

In Industry News by Bradford

Dallas Fort-Worth was second only to Los Angeles as the nation’s top industrial market for foreign investment in 2018, according to a new report from commercial real estate firm CBRE (NYSE: CBRE). International buyers purchased close to $850 million in industrial real estate in Dallas-Fort Worth compared to $910 million in Los Angeles. In North Texas’ industrial market, Chinese investors …

DFW reaches 7.5M population in 2018

In Industry News by Bradford

Aided in part by adding more than a million residents from 2010 to 2018, Dallas-Fort Worth was the fourth most populated metro region last year. Population estimates released last week show that Dallas-Fort Worth was home to more than 7.5 million as of July 1, 2018. Only New York City, Los Angeles and Chicago metropolitan areas had a larger population. …

View Post

Smart Warehousing: Ecommerce, logistics leading DFW industrial growth

In Industry News by Bradford

DFW INDUSTRIAL MARKET 1Q 2019 • Q1 2019 marks the 34th consecutive quarter of positive absorption for the Dallas-Fort Worth industrial market. • Industrial occupiers took down over 3.5 million square feet in the first three months of the year. • The industrial construction pipeline picked up over the quarter and was observed to be 16.1 million square feet at …

Relocating Businesses Looking For The Next Hot Spot Should Instead Focus On The Right Fit

In Industry News by Bradford

Companies relocating to the Dallas-Fort Worth Metroplex have their pick of cities to land in, but city officials say they aren’t fighting over these businesses — instead, they’re hunkering down, studying the data and figuring out what relocations are the best fit for their respective communities. The Federal Reserve Bank of Dallas reports 25,000 firms moved to Texas from 2000 …

View Post

Facebook Teams Up for Next Phase of Massive Data Center Campus in Fort Worth

In Industry News by Bradford

Social Media Giant Forms Partnership to Retrofit Former Blue Cross Blue Shield Data Center Facebook has once again decided to raise its data center profile in Texas, but instead of constructing another data hall at what was built as the largest U.S. facility of its kind along Like Way in Fort Worth, Texas, the social media giant is thinking outside …

View Post

No Stopping DFW Office Growth

In Industry News by Bradford

A refinanced office complex benefits from not only favorable market dynamics but also organic growth from existing tenants such as Google which are drawn to the building’s central location and amenities. DALLAS—The Colonnade, a 1.07 million-square-foot three-building class-A office complex, is considered one of the premier developments along the Upper Tollway in the Dallas-Fort Worth metroplex. Since being acquired by …

Texas Manufacturing Expansion Continues

In Industry News by Bradford

For this month’s survey, Texas business executives were asked supplemental questions on employment expectations, the labor market and business activity. Results for these questions from the Texas Manufacturing Outlook Survey, Texas Service Sector Outlook Survey and Texas Retail Outlook Survey have been released together. Texas factory activity continued to expand in February, according to business executives responding to the Texas …

View Post

Dallas-Fort Worth, Houston are millennial magnets — New York, Los Angeles not so much

In Industry News by Bradford

Dallas-Fort Worth has become a magnet for millennial migration in the years since the Great Recession, according to a new Brookings Institution report, even as efforts to lure the heavily sought demographic intensify. Growing companies — especially tech firms — put a premium on the number of millennials an area has or is able to attract when considering whether to …

View Post

Small Business Job Growth Ticks Up Nationally With Dallas Leading

In Industry News by Bradford

But Tight Office Vacancies in Top Cities Create Challenges Small businesses that employ fewer than 50 people increased hiring nationally this month despite a 35-day federal government shutdown, a positive sign for owners of office property. But the jump wasn’t enough to reverse an overall slowdown in job growth dating back to early 2017. Faster-than-average growth has happened in specific …