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 …

The Amazon Effect: How taxpayers are funding the disruption of the U.S. economy

In Industry News by Bradford

By Craig M. Douglas  –  Director, Editorial Research & Analysis Amazon founder Jeff Bezos has built a net worth of roughly $85 billion with the sort of discipline and scale refined by corporate titans before him — Rockefeller, Ford and Gates among them — though no one has so efficiently tapped America’s collective impatience and love for a bargain. What …

CRE Firms Must Develop New Talent to Thrive

In Industry News by Bradford

PRESENTED BY  Corfac International September 29, 2017 It’s well known that companies are focused on competing for the best employees. The so-called War for Talent was in full swing even when unemployment levels reached double digits. Now that the unemployment rate has fallen to a historically low 4.4 percent, the commercial real estate sector is feeling the pinch of tight …

Delivery Is Getting More Complex, but Will Soon Be Faster and Cheaper

In Industry News by Bradford

Once again, how goods flow from manufacturers to consumers is about to change. Over the next decade, prompted by new technologies and business processes, this transformation will reduce supply chain costs and reorder its components. Logistics real estate is at the center of this shift. The traditional warehouse was once an afterthought— an out-of-the-way box to store things. As e-commerce …

Dallas’ Booming Distribution Economy

In Industry News by Bradford

Historically, Dallas is best known for its involvement in the oil and cotton industries. Today, it boasts a large and diverse economy that includes banking, telecommunications, technology, and healthcare, among other industries. The region also serves as a major distribution hub because of its size and central location, along with its abundance of easy access to rail, truck, and air …

Eight Dallas-Fort Worth companies among largest privately owned firms in U.S.

In Industry News by Bradford

Dallas-Fort Worth is always well-represented on Forbes‘ annual ranking of largest privately owned companies in the U.S. This year, eight D-FW-based businesses made the cut of 225 private companies with annual revenue of $2 billion or more. And Texas scored 15 firms on the publication’s 33rd ranking, putting it third among states. California (29) and New York (25) were the top …

What will the office look like in 10 years? 6 experts predict the future

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(CNN)It happens every few years: a seismic shift in the way we live our lives fuels a change in human behavior so significant, it blows the concept of the office as we know it out of the water. Modern technology is no exception. Fast becoming the catalyst behind one of the biggest shake-ups the office has ever seen — from …

Five unintended consequences of a commercial real estate move

In Industry News by Bradford

As you wheel into your business, you notice all of the parking spaces are consumed, forcing you to park in the adjacent lot. At the front door you’re greeted by several employees who cohabitate because the office space is insufficient for the staff. A quick foray into the warehouse convinces you the new shipment of raw materials must wait. You …

Texas job creation continues

In Industry News by Bradford

COLLEGE STATION (Real Estate Center) – Texas’ pace of job creation continued to exceed the nation’s last month, according to the Real Estate Center’s latest Monthly Review of the Texas Economy​. The state gained 266,600 nonagricultural jobs from May 2016 to May 2017, an annual growth rate of 2.2 percent, higher than the nation’s employment growth rate of 1.6 percent. The nongovernment …

America is over-malled

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America is over-malled, but not enough warehouses to support Amazon Names such as Rexford Industrial, Terreno and STAG Industrial are at the top of Jefferies’ list. Other industrial REITs include Prologis, First Industrial and Monmouth. It remains to be seen how mall REITs will bounce back from the negative headlines about the effects of the ailing retail sector. America has …

Texas second nationally for international CRE investors

In Industry News by Bradford

Jun 6, 2017 WASHINGTON, D.C. – Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, according to survey results released today by the National Association of Realtors. California was the third most popular buyer destination. The 2017 Commercial Real Estate International Business Trends survey analyzed cross-border commercial real estate transactions made by …

Investors Going Long on Dallas/Fort Worth Office Market

In Industry News by Bradford

Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets. When national investors came into Dallas in the past, they often looked at the region as …

Texas’ New Oil Boom

In Industry News by Bradford

After a long, deep slump in oil prices, OPEC is trying to lower supply and keep prices from sinking again. But new technology and the low break-even price in the Permian Basin and other shale formations have offset some OPEC cutbacks. The U.S. has consistently been among the world’s top three oil producers, alongside Saudi Arabia and Russia. Texas has …