1) Fort Worth office is not that strong, clocking 21% vacancy in Q4 '17, and rents softened from $19.16/SF in Q3 to $19.02 in Q4. Will this downward trend continue, or are there opportunities for this office market to turn around?
2) How will XTO’s move impact Fort Worth’s office and hospitality market?
3) Fort Worth industrial is enjoying a 6.4% vacancy rate, and developers appear bullish on the market as there were roughly 600K SF delivered in Q4 '17 with another 300K SF on the way in South Fort Worth, and 3.6M SF on the way in North Fort Worth. What makes this market so attractive to industrial developers and investors?
4) Fort Worth multifamily is booming! Who's renting? and is there still enough demand for the new supply coming online in 2018?
5) With the changing behavior of shoppers and growing competition, how are retailers and retail developers adapting in the Fort Worth market?
|7:30 AM - 8:30 AM||
Coffee, Networking, and Breakfast
|8:30 AM - 9:15 AM||
Fort Worth's Multifamily Boom!
|9:15 AM - 10:00 AM||
Fort Worth Retail, Industrial, and Office Update and Forecast
|10:00 AM - 10:30 AM||
Sheraton Fort Worth Downtown Hotel
1701 Commerce Street
Fort Worth, Texas, 76102
Ballroom: Magnolia Ballroom & Pre-Function Space, Second Level
Parking Information: Self-parking via an on-site garage, $12 per day
Fort Worth passes its 2017 checkup with good marks. The industrial, multifamily, retail and office markets in Fort Worth show strong fundamentals with rock-bottom vacancy rates. Strong job growth and in-migration support Fort Worth’s growth as developers continue to invest, especially in multifamily and industrial.
A shining example of the growth in Fort Worth is the Cassco/Simon Center Shops at Clearfork development. It has the buzz of high-end retailers like Tesla and Neiman Marcus, luxury multifamily units and a successful trio of office buildings totaling roughly 340K SF.
Fort Worth multifamily is at 96.08% occupancy, and according to CBRE Research, there were 764 units delivered in Q3 2017 and another 7,725 units were under construction. The weighted average monthly rent for Fort Worth was $1.17/SF in Q3 2017.
Retail occupancy was at 94.8% in Q4 and the average asking rent went up from $13.71/SF in Q3 to $14.57/SF in Q4.
These numbers show great opportunity in this burgeoning market. Join us on March 20th to hear how you can join in!
Join the fun on Twitter with hashtag #BisnowDFW and don't forget to follow us @BisnowDFW!
For questions, recommendations, comments, or press inquiries please email Karen Pierre at Karen.Pierre@Bisnow.com.