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 …

New report: D-FW real estate still shrugging off oil price slide

In Industry News by Bradford

The latest real estate market report card on the plunge in oil prices gives Dallas a gold star. “Houston, Pittsburgh and Calgary are feeling the pain in their office markets, but Denver and Dallas are doing just fine,” said Jeffrey Havsy, an economist with commercial property firm CBRE. He said North Texas is “seeing demand for office space from a …

Industrial Portfolios Compete With Trophy Office Assets for Investor Dollars

In Industry News by Bradford

Portfolios of stable industrial properties have emerged as a top investment class for foreign capital, competing with trophy office buildings for attention from billion-dollar funds. According to a recent report from commercial real estate services firm JLL, offshore capital has been the biggest participant in the market for U.S. industrial properties in 2015, accounting for more than $11.5 billion in …

If the DFW economy were its own state, or a country, here’s how it would rank

In Industry News by Bradford

We all know the North Texas region is an economic powerhouse, with major relocations and expansions by companies such as Toyota, State Farm, FedEx Office, Liberty Mutual and Kubota Tractor Corp. announced on a regular basis. But how would the region stack up if it were a state or even a country all on is own? Read more at: http://www.bizjournals.com/dallas/blog/2015/12/if-the-dallas-fort-worth-economy-were-its-own.html?ana=e_dal_rdup&s=newsletter&ed=2015-12-16&u=pkiD7ovLWY2Lm4oi%2FPqWKOU7sVB&t=1450270661

Criteria to Consider When Renting Commercial Space

In Industry News by Bradford

Renting commercial space can mean stepping into a minefield of hidden costs and steep fees. The commercial real estate field is full of experts with deep experience who tend to be aggressive, especially with newcomers. My first bit of advice is to start your search for your next space well before you need to move. The more time you have, …

Dallas’ bike czar has many miles to go before she’s done

In Industry News by Bradford

Since Ashley Haire became Dallas’ latest bike czar a year and a half ago, almost 27 miles of bicycle lanes and shared-lane markings have been added to the city’s network. Dallas is now up to about 40 miles. And officials hope to reach 101.5 miles by the end of 2018, Haire told a group of about 30 cyclists — including …

Trend Talk—the Millennial Takeover

In Industry News by Bradford

By 2020, Millennials are expected to make up half the workforce—more than all other generations combined. Gone are the days when banks, drugstores, dry cleaners and shoeshine stands were the favorite ground-floor amenities in big-city office buildings. They’ve been replaced with cafes, restaurants and other retail amenities. Much of that can be credited to young workers born between the mid-1980s and …

Most states lost jobs in September, Texas gained 26,600

In Industry News by Bradford

WASHINGTON (AP) – Most U.S. states reported jobs losses in September as slowing growth weighed on hiring nationwide but Texas reported the nation’s biggest gain, adding 26,600 jobs. The Labor Department said Tuesday that hiring increased in just 20 states last month, the fewest since March. Twenty-seven states lost jobs and three reported no change. Still, unemployment rates fell in …

Third Quarter 2015 CCIM Quarterly Market Trends

In Industry News by Bradford

Welcome to the 3Q15 CCIM Quarterly Market Trends report. The information inside QMT provides analysis of economic and commercial real estate activity across more than 50 U.S. markets. Inside this edition you’ll find: Analysis of fundamentals and investment conditions in the office, retail, industrial, and multifamily markets. An outlook on the U.S. economy, including metrics and trends in major U.S. metros. Download …