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

In Industry Newsby 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 Newsby 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. …

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Smart Warehousing: Ecommerce, logistics leading DFW industrial growth

In Industry Newsby 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 Newsby 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 …

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

In Industry Newsby 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 …

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No Stopping DFW Office Growth

In Industry Newsby 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 Newsby 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 …

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

In Industry Newsby 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 …

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Small Business Job Growth Ticks Up Nationally With Dallas Leading

In Industry Newsby 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 …

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Industrial CRE Market Study: The New Retail

In Industry Newsby Bradford

The continued proliferation of e-commerce and the demand for rapid delivery is one factor bulwarking industrial real estate’s continued boom. Stare out a street-side window for a few minutes and you don’t have to wait long to see a truck from FedEx, UPS, the U.S. Postal Service or some local delivery service scoot on by shuttling brown boxes to seemingly …

Why DFW was named top real estate market to watch in 2019

In Industry Newsby Bradford

With a relatively low cost of living and population growth projections that outstrip other U.S. cities by two times, Dallas-Fort Worth has been named the top real estate market to watch in 2019. The Emerging Trends in Real Estate for 2019 report from PricewaterhouseCoopers and the Urban Land Institute ranked the Metroplex as the number one market for overall real …

Are Tariffs Impacting Texas Firms?

In Industry Newsby Bradford

As part of its monthly Texas Manufacturing Outlook Survey, the Federal Reserve Bank of Dallas collected supplemental information from respondents on the impact of the growing tariff wars on Texas firms. While perceptions of the broader business conditions were positive in September 2018, “outlooks were less optimistic and uncertainty increased further,” Fed analysts noted about the state’s manufacturing outlook. When …

New residents are flocking to Dallas. Where are they coming from?

In Industry Newsby Bradford

Governor Greg Abbott is going to like this. Each year, more people move to Dallas County, with the most recent census numbers showing that Californians continue to flock here in higher numbers than anyone else. Who can blame them? We have a lower cost of doing business, a booming state economy, and you can’t forget our lack of income tax. …

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Texas job growth accelerates

In Industry Newsby Bradford

COLLEGE STATION (Real Estate Center) – The Texas economy accelerated job creation in July 2018, according to the Real Estate Center’s latest Monthly Review of the Texas Economy. The state gained 377,100 nonagricultural jobs from July 2017 to July 2018, an annual growth rate of 3.1 percent, higher than the nation’s employment growth rate of 1.6 percent. The nongovernment sector …

Dallas: The Silicon Valley of the South?

In Industry Newsby Bradford

Once associated almost exclusively with Cowboys and Rangers, Dallas, Texas, is increasingly becoming a town of Mavericks and Stars thanks to its ongoing transforming into one of the South’s premier tech hubs. The population of the Dallas-Fort Worth Metroplex grew by 2.02 percent from 2016 to 2017 (trailing only Orlando’s 2.30 percent growth rate among the nation’s 25 most populous …

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Texas best state for business

In Industry Newsby 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 Newsby 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 …

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It Would Take a Lot to Gut Industrial Demand

In Industry Newsby 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 Newsby 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, …