NAIOP Sentiment Index

In Industry News by Bradford

The NAIOP Sentiment Index is a composite of nine survey questions regarding increased employment, occupancy rates, effective rents, construction labor costs, available debt and general sentiment, among a couple others over the next 12 months. Respondents believe that the overall market will continue to be favorable for the commercial real estate industry.  This seems to reflect an expectation that the …

Dallas-Fort Worth Economic Indicators

In Industry News by Bradford

The Dallas-Fort Worth economy expanded in December.  While job growth was lackluster and unemployment rose during the month, DFW Employment grew to a vigorous 2.7 percent in 2016 – more than a percentage point faster than the state at 1.6 percent and the nation at 1.5 percent.  Dallas and Fort Worth business-cycle indexes decelerated in December though growth remained positive.  …

Texas Economy Positioned to Improve in 2017

In Industry News by Bradford

The Dallas-Fort Worth economy continues to be on a vigorous upswing.  Continuing the momentum, employment has outperformed the nation and the state in the month of November.  Falling unemployment numbers while the business cycle indexes accelerated and home sales rose all in the 3rd quarter top out the improvements. Here are a few of the highlights: DFW Employment expanded an …

North Texas wrap up 2016

In Industry News by Bradford

North Texas had a record year in 2016.  Here are a few tidbits picked up from a recent NAIOP North Texas 2016 wrap up.  This information was presented by Steve Brown, Dallas Morning News real estate. DFW ranks 2nd in Top Job growth of metropolitan areas behind New York City with 114,000.  Other Texas cities included were Austin (21,200), San …

7 shifts in Texas’ demographics including wealth, population and education growth

In Industry News by Bradford

Growth seems to be the key word for Texas, according to the newly released 2015 census data, published Thursday, Dec. 8. The information reveals a larger, more wealthy and more educated population. The growth, however, does not stop there. Here are seven key demographic shifts recorded by the U.S. Census Bureau, and what the organization indicates about residents of the Lone …

Crane Watch: The biggest construction projects in Dallas-Fort Worth

In Industry News by Bradford

With all the development going on around Dallas-Fort Worth, the Dallas Business Journal is launching Crane Watch, our guide to new construction around the region. The interactive maps below allow you to pinpoint construction projects, while zooming in or out of a particular neighborhood to get more details. Right now, there are two maps, one locating projects in the northern …

Texas Economic Update

In Industry News by Bradford

In a new video, Dallas Fed business economist Jesus Cañas says revised employment data show Texas weathered a more challenging first quarter than previously thought, but there are signs of improvement. “Actual employment data for first quarter tell us that the Texas economy didn’t grow as fast as we had anticipated,” Cañas said. “The combination of slow growth in the U.S. …

Y’all Street: Could Dallas oust New York City as a global financial capital?

In Industry News by Bradford

By Jill Cowan Economy reporter Published: 28 July 2016 12:58 PM Updated: 28 July 2016 03:41 PM The document’s title holds a dire warning for Wall Street — the place, not the stock market: “AT RISK,” it says, is “New York’s Future as the World Financial Capital.” The 2015 report, by business group Partnership for New York City, proceeds to …

Behind those Amazon Prime boxes, a bull market in warehouses

In Industry News by Bradford

By David Randall | NEW YORK (Reuters) – With Amazon and other e-commerce sites continuing to take market share from malls and other physical retailers, U.S. mutual fund managers are upping their bets on an overlooked part of the online shopping boom: warehouses. Real estate investment trusts (REITs) that own the distribution centers required to fill all those Amazon Prime …

Outlook for the Texas Economy – July 2016

In Industry News by Bradford

Luis Torres and Wayne Day (Jul 14, 2016) Summary The Texas economy grew tepidly in May. The number of jobs in the state increased only slightly for the month. Annual employment grew primarily due to the services sector, trade, and leisure and hospitality. Manufacturing and mining and logging employment in Texas declined while services continued a positive trend. Texas housing …

The Hottest Market Ever

In Industry News by Bradford

Great news, everybody. The white-hot Dallas-area real estate market is even hotter than ever. Again!  Pick your data point, and you’ll see proof. Prices? Dallas is beating most of the country there. In the first month of this year, the Dallas area ranked No. 3 nationally for home price gains, trailing only Denver and San Francisco, but easily besting Houston …

Outlook for the Texas Economy – May 2016

In Industry News by Bradford

Summary The Texas economy slowed in March in the wake of lower oil prices, a strong U.S. dollar, and a weak global economy. The number of jobs in the state decreased in March, although annual employment grew primarily due to the services sector, trade, and leisure and hospitality. The unemployment rate ticked up with increased participation in the labor force. …

Dallas top job growth

In Industry News by Bradford

Texas book-ended a ranking of the nation’s 12 biggest metro areas by job growth over the past year, with Dallas coming out on top and Houston rounding out the list. The ranking, which was released Monday morning by the U.S. Bureau of Labor Statistics, bolsters a running narrative in which major Texas cities that are less dependent on the ailing oil …

We’re #10 … Here’s where D/FW Airport ranks in the world

In Industry News by Bradford

Dallas/Fort Worth International Airport comes in at the 10 spot in a ranking of airports globally, based on total passenger traffic last year. Beijing had been expected to overtake Atlanta’s Hartsfield Jackson International Airport as the world’s busiest. But China’s economic slowdown and the airport’s capacity restraint kept that from occurring. Atlanta remained on top, according to statistics from Airports …

We’re in the 9th inning of this cycle

In Industry News by Bradford

In December, Equity Residential chair and real estate investor Sam Zell said he believed there was “a high probability” that the U.S. economy would slip into a recession “in the next 12 months.” Zell struck a relatively more optimistic tone Wednesday morning at New York University’s annual REIT Symposium — saying that while he thought his prediction was “realistic” at …

Texas tops in population growth

In Industry News by Bradford

Apr 1, 2016 WASHINGTON, D.C. – Four Texas metros together added more people last year than any state in the country except for Texas as a whole. Latest Census data showed that the population in these four metros increased by more than 400,000 from July 1, 2014, to July 1, 2015. Houston-The Woodlands-Sugar Land and Dallas-Fort Worth-Arlington added about 159,000 and …

Property Sector Stats Worth Noting in 2016

In Industry News by Bradford

Nearing the end of first-quarter 2016, both global and domestic issues are leaving their mark on the U.S. real estate industry. The U.S. dollar grew stronger while other currencies weakened. Domestic employment numbers are picking up. The Federal Reserve opted to leave its key interest rate unchanged for the time being. Certain property sectors are shaping up well (industrial, office, …

Texas Is Still Booming, Despite the Oil Bust

In Industry News by Bradford

U.S. oil prices tumbled from more than $100 a barrel in the summer of 2014 to less than $50 a year later, but that didn’t stop workers from flocking to Texas, the nation’s biggest energy-producing state. Eight of the top 20 counties that gained the most population last year were in Texas. Four Lone Star metros—Dallas, Houston (Harris County, in the chart below), San Antonio (Bexar …

These 10 catalysts will shape D-FW’s business landscape in 2016

In Industry News by Bradford

2016 is shaping up to be a game changer for North Texas. Journalists always like to hedge their bets. But when my colleagues and I put our Business News heads together, we came to the conclusion that our region is on an economic steamroll that even low energy prices won’t stall out. If oil tanks to $20 a barrel and …