Final Figures at a Glance. The Dallas/Ft Worth Office Market

Transcription

1 Final Figures at a Glance Y E A R - E N D The

2 Class A Market Statistics Year-End 2013 Central Expressway 24 7,361,499 1,662,630 1,714, % (238,647) 0 0 $23.14 Dallas CBD 22 21,583,437 5,526,126 5,722, % 45, ,000 $22.81 East Dallas 5 555, , , % 28,979 30, ,000 $33.10 Far North Dallas ,837,854 2,522,824 2,667, % 511, ,029 1,474,366 $26.65 Ft Worth CBD 15 5,625, , , % (202,187) 132,246 75,971 $29.23 Las Colinas 62 14,798,054 2,201,377 2,312, % 551, ,630 $22.78 LBJ Freeway 33 10,263,612 2,200,267 2,456, % 58, $18.90 Lewisville/Denton 4 369,291 24,856 24, % 15, ,500 $30.09 Mid-Cities 30 4,091, , , % 123, $24.06 North Fort Worth 1 70,000 11,405 11, % $26.52 Northeast Ft Worth 2 395,307 20,182 20, % 9, $22.41 Preston Center 19 2,985, , , % 103,101 75,000 0 $32.52 Richardson/Plano 43 7,620, , , % 980, ,297 1,624,419 $22.29 South Ft Worth 11 1,814,205 37,610 40, % 87,519 60,000 0 $24.86 Southwest Dallas 2 281,655 16,556 16, % 9, ,890 $21.84 Stemmons Freeway 10 3,684, , , % 160, $18.31 Uptown/Turtle Creek 35 8,059, , , % 257, $31.39 Totals ,398,464 18,874,537 19,928, % 2,500, ,032 4,003,776 $23.67 Class B Market Statistics Year-End 2013 Central Expressway 63 4,585, , , % (8,586) 0 23,984 $18.37 Dallas CBD 35 6,553,840 2,523,308 2,531, % 117, $17.95 East Dallas 114 5,259, , , % (23,700) 0 18,000 $19.73 Far North Dallas ,946,190 2,827,289 2,914, % 146,581 51,333 53,900 $19.19 Ft Worth CBD 29 2,635, , , % (43,350) 0 0 $20.59 Las Colinas ,329,250 2,677,653 2,701, % 463, $19.04 LBJ Freeway 112 9,894,564 3,073,464 3,119, % 82, $15.97 Lewisville/Denton 106 6,035,851 1,113,656 1,118, % (191,496) 0 21,500 $19.69 Mid-Cities ,882,917 1,953,625 2,569, % 40,728 17,299 90,729 $18.12 North Fort Worth 27 1,394, , , % (37,171) 18,000 36,000 $21.01 Northeast Ft Worth 30 1,979, , , % (72,233) 0 0 $16.98 Preston Center 19 1,074,488 41,146 43, % 5, $23.85 Richardson/Plano ,192,925 2,501,593 2,542, % 477,485 76, ,714 $17.87 South Ft Worth 121 6,379, , , % 232, , ,336 $21.07 Southwest Dallas 53 2,192, , , % 31, $14.97 Stemmons Freeway 70 6,806,771 2,230,464 2,308, % (166,012) 0 0 $13.79 Uptown/Turtle Creek 39 2,469, , , % (83,006) 0 0 $24.79 Totals 1, ,613,799 22,514,355 23,462, % 972, , ,163 $18.02

3 Class C Market Statistics Year-End 2013 Central Expressway ,794 22,918 22, % (3,818) 0 0 $17.80 Dallas CBD 28 2,174, , , % (10,986) 0 0 $12.91 East Dallas 52 1,477, , , % 11, $13.96 Far North Dallas ,865 15,627 15, % 17, $14.24 Ft Worth CBD , , , % (10,000) 0 0 $0.00 Las Colinas ,791 68,533 68, % 1, $15.64 LBJ Freeway ,255 33,452 34, % (691) 0 0 $11.33 Lewisville/Denton 34 1,314,054 90,120 90, % (14,550) 0 0 $17.08 Mid-Cities 91 2,975, , , % 41, $13.16 North Fort Worth ,161 49,835 49, % (21,000) 0 0 $15.83 Northeast Ft Worth ,155 41,295 41, % 6, $14.36 Preston Center , % 9, $20.31 Richardson/Plano 43 1,688, , , % (14,894) 0 0 $14.69 South Ft Worth 68 1,943, , , % (84,066) 0 0 $17.50 Southwest Dallas , , , % (559) 0 0 $13.91 Stemmons Freeway 38 4,902, , , % 10, $12.20 Uptown/Turtle Creek ,911 33,440 33, % 1, $21.28 Totals ,911,553 2,762,780 2,769, % (59,575) 0 0 $14.46 Total Office Market Statistics Year-End 2013 Central Expressway ,470,259 2,461,232 2,517, % (251,051) 0 23,984 $21.82 Dallas CBD 85 30,311,818 8,726,445 8,931, % 151, ,000 $21.88 East Dallas 171 7,292, , , % 16,855 30, ,000 $19.90 Far North Dallas ,197,909 5,365,740 5,597, % 675, ,362 1,528,266 $22.90 Ft Worth CBD 57 8,714,981 1,646,066 1,677, % (255,537) 132,246 75,971 $26.49 Las Colinas ,818,095 4,947,563 5,082, % 1,016, ,630 $20.84 LBJ Freeway ,603,431 5,307,183 5,610, % 140, $17.35 Lewisville/Denton 144 7,719,196 1,228,632 1,233, % (190,902) 0 46,000 $19.81 Mid-Cities ,950,202 3,224,428 3,965, % 205,733 17,299 90,729 $19.14 North Fort Worth 42 1,764, , , % (58,171) 18,000 36,000 $19.69 Northeast Ft Worth 46 2,798, , , % (56,334) 0 0 $16.98 Preston Center 48 4,292, , , % 117,285 75,000 0 $30.62 Richardson/Plano ,501,669 3,602,055 3,714, % 1,442, ,448 1,728,133 $19.72 South Ft Worth ,136, , , % 236, , ,336 $20.53 Southwest Dallas 73 3,074, , , % 41, ,890 $15.17 Stemmons Freeway ,393,541 3,269,621 3,399, % 5, $14.78 Uptown/Turtle Creek 87 10,884,786 1,187,618 1,204, % 176, $29.69 Totals 2, ,923,816 44,151,672 46,160, % 3,413,049 1,236,742 4,558,939 $20.70

4 Class A Submarket Statistics Year-End 2013 Allen/McKinney 8 1,175,371 98, , % 206, , ,419 $25.15 Alliance 1 70,000 11,405 11, % $26.52 Arlington/Mansfield 13 1,720, , , % 32, $19.50 Central Expressway 24 7,361,499 1,662,630 1,714, % (238,647) 0 0 $23.14 Dallas CBD 22 21,583,437 5,526,126 5,722, % 45, ,000 $22.81 Denton 1 45, % $25.89 DFW Freeport/Coppell 11 2,250, , , % 46, ,630 $20.95 East LBJ Freeway 27 8,595,720 1,737,432 1,983, % (8,734) 0 0 $19.42 East Northeast Ft Worth 2 395,307 20,182 20, % 9, $22.41 Ellis County % $0.00 Frisco/The Colony 17 1,923,421 76,222 87, % 52, ,800 $29.96 Ft Worth CBD 15 5,625, , , % (202,187) 132,246 75,971 $29.23 Garland % $0.00 Grand Prairie 1 116, % $0.00 HEB/Midcities 3 326,832 34,864 42, % 9, $17.29 Hood County % $0.00 Hunt County % $0.00 Johnson County % $0.00 Lewisville 3 324,000 24,856 24, % 15, ,500 $30.84 Mesquite/Forney/Terrell 2 81,406 23,317 23, % 11,404 30,460 0 $31.48 Northwest Ft Worth % $0.00 Office Ctr/West LBJ Ext 26 5,317, , , % 352, $22.81 Outlying Collin County % $0.00 Outlying Denton County % $0.00 Parker County % $0.00 Plano 6 965, , , % 29, $21.59 Preston Center 19 2,985, , , % 103,101 75,000 0 $32.52 Quorum/Bent Tree 38 9,811,403 1,590,052 1,618, % 267,337 80, ,000 $23.74 Richardson 29 5,479, , , % 744, ,500,000 $22.01 Rockwall 1 85,474 2,582 2, % 8, ,000 $30.77 South Irving % $0.00 Southeast Dallas % $0.00 Southeast Ft Worth % $0.00 Southwest Dallas 2 281,655 16,556 16, % 9, ,890 $21.84 Stemmons Freeway 10 3,684, , , % 160, $18.31 Upper Tollway/West Plano 45 10,103, , , % 191, , ,566 $28.85 Uptown/Turtle Creek 35 8,059, , , % 257, $31.39 Urban Center/Wingren 25 7,230,549 1,456,699 1,557, % 152, $23.45 West LBJ Freeway 6 1,667, , , % 66, $16.16 West Southwest Ft Worth 11 1,814,205 37,610 40, % 87,519 60,000 0 $24.86 Westlake/Grapevine 13 1,927, , , % 81, $26.25 White Rock 2 388,177 76,135 76, % 9, $33.65 Wise County % $0.00 Totals ,398,464 18,874,537 19,928, % 2,500, ,032 4,003,776 $23.67

5 Class B Submarket Statistics Year-End 2013 Allen/McKinney 51 2,413, , , % 71,736 27,000 85,714 $21.41 Alliance 15 1,067,153 54,424 57, % (1,902) 18,000 36,000 $21.41 Arlington/Mansfield 94 4,583, , , % 9, ,000 $18.16 Central Expressway 63 4,585, , , % (8,586) 0 23,984 $18.37 Dallas CBD 35 6,553,840 2,523,308 2,531, % 117, $17.95 Denton 24 1,061, , , % 18, $20.63 DFW Freeport/Coppell 75 6,735,949 1,016,225 1,021, % 425, $20.08 East LBJ Freeway 85 7,491,114 2,273,571 2,295, % 86, $16.11 East Northeast Ft Worth 30 1,979, , , % (72,233) 0 0 $16.98 Ellis County 7 207,448 29,417 29, % 2, $24.67 Frisco/The Colony 33 2,250,864 96, , % 15, ,000 $24.86 Ft Worth CBD 29 2,635, , , % (43,350) 0 0 $20.59 Garland 36 1,492, , , % (4,006) 0 0 $20.82 Grand Prairie ,270 36,396 36, % (4,068) 17,299 31,383 $17.05 HEB/Midcities 47 3,184, ,259 1,100, % 11, $16.26 Hood County 3 45,000 1,600 1, % $22.16 Hunt County 4 108,324 7,854 7, % 20, $19.71 Johnson County 7 154,810 2,415 2, % (2,415) 0 0 $18.89 Lewisville 80 4,918,034 1,011,258 1,015, % (210,432) 0 21,500 $19.53 Mesquite/Forney/Terrell 9 276,815 40,647 44, % 8, $18.54 Northwest Ft Worth 5 172,900 42,709 42, % (35,269) 0 0 $18.28 Office Ctr/West LBJ Ext 73 6,096,377 1,217,502 1,235, % 57, $18.26 Outlying Collin County 1 16,000 2,700 2, % 8, $0.00 Outlying Denton County 2 56, % $0.00 Parker County 5 109,878 2,050 2, % 2, $22.50 Plano 68 3,633, , , % 107,586 49,151 18,000 $19.26 Preston Center 19 1,074,488 41,146 43, % 5, $23.85 Quorum/Bent Tree ,462,969 2,020,643 2,050, % 198, $16.89 Richardson 95 7,022,070 1,551,250 1,568, % 269, $16.42 Rockwall ,819 18,921 18, % (3,046) 0 18,000 $27.70 South Irving , , , % (1,789) 0 0 $17.35 Southeast Dallas 8 366,103 88,866 88, % (9,114) 0 0 $15.89 Southeast Ft Worth ,919 73,578 73, % 26,462 18,474 0 $18.53 Southwest Dallas 46 1,984, , , % 29, $14.22 Stemmons Freeway 70 6,806,771 2,230,464 2,308, % (166,012) 0 0 $13.79 Upper Tollway/West Plano 100 6,232, , , % (66,913) 51,333 18,900 $23.70 Uptown/Turtle Creek 39 2,469, , , % (83,006) 0 0 $24.79 Urban Center/Wingren 24 1,496, , , % (19,838) 0 0 $17.66 West LBJ Freeway 27 2,403, , , % (4,015) 0 0 $15.57 West Southwest Ft Worth 97 5,676, , , % 208, , ,336 $21.53 Westlake/Grapevine 77 3,251, , , % 25, ,346 $22.41 White Rock 46 2,743, , , % (15,953) 0 0 $19.35 Wise County 2 45,000 14,459 14, % (2,100) 0 0 $22.52 Totals 1, ,613,799 22,514,355 23,462, % 972, , ,163 $18.02

6 Class C Submarket Statistics Year-End 2013 Allen/McKinney 4 241, % $0.00 Alliance % $0.00 Arlington/Mansfield 42 1,505, , , % 20, $12.75 Central Expressway ,794 22,918 22, % (3,818) 0 0 $17.80 Dallas CBD 28 2,174, , , % (10,986) 0 0 $12.91 Denton ,292 78,080 78, % (6,419) 0 0 $17.26 DFW Freeport/Coppell 1 20, % 20, $0.00 East LBJ Freeway 6 216,330 10,289 10, % (3,355) 0 0 $11.01 East Northeast Ft Worth ,155 41,295 41, % 6, $14.36 Ellis County 2 35, % $0.00 Frisco/The Colony 1 17, % $0.00 Ft Worth CBD , , , % (10,000) 0 0 $0.00 Garland ,366 94,015 98, % 5, $15.23 Grand Prairie 9 192,327 31,680 31, % 7, $12.41 HEB/Midcities , , , % 3, $13.41 Hood County 3 51, % 5, $10.81 Hunt County 1 18, % $0.00 Johnson County 7 171,081 42,130 42, % 6, $14.94 Lewisville ,162 12,040 12, % (8,131) 0 0 $15.95 Mesquite/Forney/Terrell 6 140,100 29,940 29, % (1,323) 0 0 $7.42 Northwest Ft Worth ,839 33,335 33, % (12,000) 0 0 $15.20 Office Ctr/West LBJ Ext 9 481,015 68,533 68, % (18,165) 0 0 $15.64 Outlying Collin County % $0.00 Outlying Denton County 1 21, % $0.00 Parker County 3 67,322 7,500 7, % $22.39 Plano ,723 71,512 71, % 14, $16.23 Preston Center , % 9, $20.31 Quorum/Bent Tree ,484 15,627 15, % 16, $14.24 Richardson , , , % (29,708) 0 0 $14.02 Rockwall 2 52, % $0.00 South Irving ,393 50,628 50, % 10, $12.91 Southeast Dallas ,603 27,945 27, % (4,650) 0 0 $13.94 Southeast Ft Worth 5 175,360 26,744 26, % (4,474) 0 0 $17.08 Southwest Dallas , , , % (559) 0 0 $13.91 Stemmons Freeway 38 4,902, , , % 10, $12.20 Upper Tollway/West Plano 3 71, % $0.00 Uptown/Turtle Creek ,911 33,440 33, % 1, $21.28 Urban Center/Wingren 1 189, % $0.00 West LBJ Freeway 9 228,925 23,163 24, % 2, $12.80 West Southwest Ft Worth 53 1,545, , , % (91,154) 0 0 $18.11 Westlake/Grapevine 5 89,232 5,603 5, % $23.56 White Rock ,784 73,700 73, % 11, $15.12 Wise County 1 15,000 9,000 9, % (9,000) 0 0 $0.00 Totals ,911,553 2,762,780 2,769, % (59,575) 0 0 $14.46

7 Total Office Submarket Statistics Year-End 2013 Allen/McKinney 63 3,829, , , % 278, , ,133 $22.97 Alliance 16 1,137,153 65,829 68, % (1,902) 18,000 36,000 $22.17 Arlington/Mansfield 149 7,809,742 1,140,243 1,174, % 61, ,000 $17.87 Central Expressway ,470,259 2,461,232 2,517, % (251,051) 0 23,984 $21.82 Dallas CBD 85 30,311,818 8,726,445 8,931, % 151, ,000 $21.88 Denton 45 1,657, , , % 12, $19.66 DFW Freeport/Coppell 87 9,006,213 1,447,170 1,452, % 491, ,630 $20.32 East LBJ Freeway ,303,164 4,021,292 4,289, % 74, $17.77 East Northeast Ft Worth 46 2,798, , , % (56,334) 0 0 $16.98 Ellis County 9 242,774 29,417 29, % 2, $24.67 Frisco/The Colony 51 4,191, , , % 68, ,800 $27.56 Ft Worth CBD 57 8,714,981 1,646,066 1,677, % (255,537) 132,246 75,971 $26.49 Garland 52 2,004, , , % 1, $19.42 Grand Prairie 29 1,243,124 68,076 68, % 3,091 17,299 31,383 $14.74 HEB/Midcities 72 4,201, ,465 1,344, % 24, $15.89 Hood County 6 96,088 1,600 1, % 5, $19.45 Hunt County 5 126,324 7,854 7, % 20, $19.71 Johnson County ,891 44,545 44, % 3, $15.16 Lewisville 96 5,984,196 1,048,154 1,052, % (203,419) 0 46,000 $19.84 Mesquite/Forney/Terrell ,321 93,904 97, % 18,500 30,460 0 $18.27 Northwest Ft Worth ,739 76,044 76, % (47,269) 0 0 $16.10 Office Ctr/West LBJ Ext ,894,633 1,599,768 1,628, % 391, $20.17 Outlying Collin County 1 16,000 2,700 2, % 8, $0.00 Outlying Denton County 3 77, % $0.00 Parker County 8 177,200 9,550 9, % 2, $22.42 Plano 91 5,100, , , % 152,348 49,151 18,000 $19.83 Preston Center 48 4,292, , , % 117,285 75,000 0 $30.62 Quorum/Bent Tree ,599,856 3,626,322 3,684, % 481,750 80, ,000 $19.60 Richardson ,428,545 2,326,959 2,409, % 983, ,500,000 $19.10 Rockwall ,991 21,503 21, % 5, ,000 $27.90 South Irving 28 1,427, , , % 8, $15.85 Southeast Dallas , , , % (13,764) 0 0 $15.52 Southeast Ft Worth , , , % 21,988 18,474 0 $18.23 Southwest Dallas 64 2,831, , , % 38, ,890 $14.57 Stemmons Freeway ,393,541 3,269,621 3,399, % 5, $14.78 Upper Tollway/West Plano ,406,762 1,566,260 1,724, % 124, , ,466 $27.04 Uptown/Turtle Creek 87 10,884,786 1,187,618 1,204, % 176, $29.69 Urban Center/Wingren 50 8,917,249 1,900,625 2,001, % 132, $22.11 West LBJ Freeway 42 4,300,267 1,285,891 1,321, % 65, $15.76 West Southwest Ft Worth 161 9,036, , , % 205, , ,336 $21.13 Westlake/Grapevine 95 5,268,504 1,093,334 1,217, % 107, ,346 $24.72 White Rock 66 3,666, , , % 5, $20.99 Wise County 3 60,000 23,459 23, % (11,100) 0 0 $22.52 Totals 2, ,923,816 44,151,672 46,160, % 3,413,049 1,236,742 4,558,939 $20.70

8 HISTORICAL FIGURES AT A GLANCE Class A Market Statistics Year-End 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates ,398,464 18,874,537 19,928, % 2,500, , ,003,776 $ ,488,432 20,437,259 21,518, % 1,704, ,029, ,032 $ ,459,122 21,445,704 22,194, % 1,134, ,568,339 $ ,459,122 22,437,302 23,328, % 32, , $ ,831,904 21,243,731 22,733, % 244, ,106, ,399 $ ,725,606 19,554,565 20,872, % 1,340, ,786, ,597,822 $ ,938,622 18,181,827 19,426, % 679, ,750, ,108,391 $ ,187,765 17,078,052 18,355, % 2,365, ,076, ,917,643 $ ,111,182 17,323,251 18,643, % 1,592, , ,561,819 $ ,619,014 18,205,621 19,743, % 2,218, , ,168 $ ,845,596 19,021,433 21,188, % 728, ,272, ,014 $ ,573,409 17,175,304 20,644, % (581,129) 10 2,219, ,333,187 $ ,353,437 14,214,273 17,843, % (984,075) 18 3,241, ,831,972 $ ,112,038 11,273,226 13,618, % 3,104, ,831, ,376,468 $ ,280,816 12,706,752 14,891, % 5,627, ,400, ,703,464 $ ,879,822 12,117,408 12,117, % 3,551, ,627, ,951,962 $23.58 Class B Market Statistics Year-End 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates , ,613,799 22,514,355 23,462, % 972, , ,163 $ , ,815,089 23,481,439 24,636, % 646, , ,925 $ , ,627,527 23,927,998 25,095, % 786, , ,979 $ , ,162,455 25,808,150 26,416, % (302,577) , ,696 $ , ,906,363 25,178,389 25,857, % (752,091) 27 1,253, ,925 $ , ,690,579 23,255,064 23,890, % 2,133, ,295, ,168,656 $ , ,481,455 23,078,954 23,814, % 2,749, ,531, ,939,154 $ , ,949,848 23,187,511 24,032, % 3,061, ,469, ,773,991 $ , ,945,237 24,034,728 25,089, % 1,790, ,471, ,445,534 $ , ,956,680 23,468,862 24,891, % 2,350, ,463, ,653,157 $ , ,523,197 24,134,885 25,808, % (1,222,925) 31 1,602, ,347,091 $ , ,051,801 20,536,664 23,114, % (872,625) 32 1,555, ,518,340 $ , ,496,722 18,150,786 20,686, % (351,784) 61 4,191, ,720,322 $ ,322 98,388,250 14,915,073 16,226, % 1,671, ,871, ,949,973 $ ,275 95,516,294 13,796,245 15,025, % 3,556, ,514, ,783,801 $ ,197 90,299,260 13,365,665 13,365, % 3,372, ,497, ,545,366 $19.33 Total Office Market Statistics Year-End 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates , ,923,816 44,151,672 46,160, % 3,413, ,236, ,558,939 $ , ,263,074 46,671,031 48,912, % 2,505, ,365, ,244,957 $ , ,269,665 48,504,953 50,425, % 1,869, , ,760,318 $ , ,804,593 51,320,035 52,829, % (269,991) , ,696 $ , ,946,283 49,519,196 51,700, % (1,020,837) 42 3,359, ,324 $ , ,654,490 45,425,210 47,388, % 3,308, ,099, ,766,478 $ , ,708,684 43,759,047 45,750, % 3,509, ,416, ,064,551 $ , ,433,324 42,840,373 44,985, % 5,420, ,562, ,793,795 $ , ,469,217 44,037,891 46,441, % 3,706, ,049, ,024,353 $ , ,520,518 46,193,915 49,199, % 4,428, ,289, ,231,383 $ , ,598,830 47,798,825 51,705, % (643,071) 38 2,874, ,233,287 $ , ,494,040 42,830,062 48,958, % (1,668,959) 48 3,966, ,851,527 $ , ,928,596 37,504,284 43,723, % (1,892,750) 79 7,432, ,723,791 $ , ,594,409 30,805,526 34,496, % 4,281, ,823, ,326,441 $ , ,770,799 30,531,683 33,954, % 9,999, ,977, ,607,697 $ , ,203,738 30,386,761 30,386, % 7,073, ,187, ,559,420 $20.95