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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 …

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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 …

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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 …

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Industrial CRE Market Study: The New Retail

In Industry News by 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 News by 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 News by 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 News by 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 News by 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 News by 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 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 …

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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 …

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 …