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

Transcription

1 Final Figures at a Glance T H I R D Q U A R T E R The

2 Class A Market Statistics Third Quarter 2013 Central Expressway 24 7,366,156 1,690,202 1,745, % (300,169) 0 0 $23.06 Dallas CBD 22 21,583,437 5,624,137 5,864, % (62,745) 0 450,000 $22.69 East Dallas 6 585, , , % 21,895 30, ,000 $32.57 Far North Dallas 96 21,146,030 2,714,970 2,868, % 283, ,029 1,171,866 $26.61 Ft Worth CBD 13 5,518, , , % (122,854) 0 132,246 $29.03 Las Colinas 60 14,236,058 1,850,294 1,988, % 468, ,630 $22.81 LBJ Freeway 33 10,260,579 2,276,974 2,538, % (24,205) 0 0 $18.64 Lewisville/Denton 4 369,291 24,856 24, % 15, ,500 $30.78 Mid-Cities 28 3,918, , , % 77, $23.23 North Fort Worth 1 70,000 11,405 11, % $26.52 Northeast Ft Worth 1 103,938 38,588 38, % (9,275) 0 0 $22.41 Preston Center 18 2,913, , , % 84,443 75,000 0 $32.46 Richardson/Plano 41 7,369, , , % 909, ,297 1,624,419 $21.82 South Ft Worth 11 1,814,205 43,256 60, % 67,132 60,000 0 $24.83 Southwest Dallas 2 281,655 16,556 16, % 9, $21.84 Stemmons Freeway 9 3,415, , , % (424) 0 0 $18.83 Uptown/Turtle Creek 35 8,054, , , % 273, $30.30 Totals ,007,074 18,698,866 19,810, % 1,691, ,786 3,666,661 $23.56 Class B Market Statistics Third Quarter 2013 Central Expressway 62 4,526, , , % (32,123) 0 23,984 $18.32 Dallas CBD 35 6,658,835 2,575,277 2,583, % 65, $17.88 East Dallas 112 5,243, , , % (26,651) 0 18,000 $19.01 Far North Dallas ,757,612 3,048,061 3,191, % 5,751 51,333 53,900 $19.03 Ft Worth CBD 29 2,639, , , % (9,381) 0 75,971 $21.44 Las Colinas ,864,020 3,053,100 3,066, % 452, ,039 $18.91 LBJ Freeway 113 9,991,250 3,102,399 3,145, % 137, $15.72 Lewisville/Denton 105 5,815, , , % (41,470) 0 0 $19.42 Mid-Cities ,084,483 1,930,666 2,545, % 78,290 17,299 20,513 $17.87 North Fort Worth 26 1,359,931 57,354 60, % 3, ,000 $18.84 Northeast Ft Worth 30 2,172, , , % 17, $17.47 Preston Center 20 1,144,616 46,618 52, % (2,343) 0 0 $23.97 Richardson/Plano ,395,990 2,725,983 2,784, % 361,245 76,151 85,514 $18.60 South Ft Worth 120 6,393, , , % 211, ,518 46,090 $20.55 Southwest Dallas 54 2,447, , , % 3, $14.83 Stemmons Freeway 71 7,072,710 2,265,536 2,343, % 50, $13.83 Uptown/Turtle Creek 39 2,469, , , % (100,170) 0 0 $24.59 Totals 1, ,037,657 23,173,648 24,186, % 1,174, , ,011 $17.94

3 Class C Market Statistics Third Quarter 2013 Central Expressway ,471 45,925 45, % (7,147) 0 0 $15.07 Dallas CBD 29 2,332, , , % (23,556) 0 0 $12.86 East Dallas 54 1,511, , , % 5, $13.23 Far North Dallas ,865 23,132 23, % 9, $14.58 Ft Worth CBD , , , % (10,000) 0 0 $17.79 Las Colinas ,791 66,769 66, % 3, $14.92 LBJ Freeway ,255 30,792 30, % 3, $11.35 Lewisville/Denton 35 1,342, , , % (17,275) 0 0 $17.43 Mid-Cities 88 2,916, , , % 32, $12.58 North Fort Worth ,161 46,835 46, % (18,000) 0 0 $15.54 Northeast Ft Worth ,155 42,745 42, % 5, $14.36 Preston Center ,850 9,042 9, % $18.31 Richardson/Plano 43 1,688, , , % 14, $14.27 South Ft Worth 68 1,945, , , % (98,291) 0 0 $17.40 Southwest Dallas ,271 45,486 45, % 2, $14.42 Stemmons Freeway 39 4,917, , , % 12, $12.01 Uptown/Turtle Creek ,149 35,190 35, % $21.28 Totals ,158,364 2,873,110 2,878, % (84,930) 0 0 $14.22 Total Office Market Statistics Third Quarter 2013 Central Expressway ,482,688 2,516,234 2,575, % (339,439) 0 23,984 $21.64 Dallas CBD 86 30,574,804 9,046,290 9,294, % (21,246) 0 450,000 $21.75 East Dallas 172 7,340,831 1,041,116 1,052, % , ,000 $19.26 Far North Dallas ,317,507 5,786,163 6,083, % 299, ,362 1,225,766 $22.76 Ft Worth CBD 55 8,612,325 1,394,482 1,432, % (142,235) 0 208,217 $26.37 Las Colinas ,790,869 4,970,163 5,121, % 924, ,669 $20.71 LBJ Freeway ,697,084 5,410,165 5,715, % 116, $17.06 Lewisville/Denton 144 7,527,300 1,052,878 1,057, % (43,601) 0 24,500 $19.72 Mid-Cities ,919,163 3,173,250 3,915, % 188,394 17,299 20,513 $18.76 North Fort Worth 41 1,729, , , % (14,783) 0 54,000 $17.97 Northeast Ft Worth 45 2,699, , , % 13, $17.40 Preston Center 48 4,289, , , % 82,133 75,000 0 $30.86 Richardson/Plano ,453,402 3,810,269 3,871, % 1,285, ,448 1,709,933 $19.69 South Ft Worth ,153, , , % 179, ,518 46,090 $20.23 Southwest Dallas 74 3,329, , , % 15, $15.23 Stemmons Freeway ,406,202 3,235,855 3,365, % 62, $14.81 Uptown/Turtle Creek 87 10,879,379 1,181,723 1,207, % 173, $28.87 Totals 2, ,203,095 44,745,624 46,875, % 2,780,969 1,112,087 4,067,672 $20.54

4 Class A Submarket Statistics Third Quarter 2013 Allen/McKinney 8 1,175, , , % 196, , ,419 $24.85 Alliance 1 70,000 11,405 11, % $26.52 Arlington/Mansfield 13 1,720, , , % 30, $19.58 Central Expressway 24 7,366,156 1,690,202 1,745, % (300,169) 0 0 $23.06 Dallas CBD 22 21,583,437 5,624,137 5,864, % (62,745) 0 450,000 $22.69 Denton 1 45, % $25.89 DFW Freeport/Coppell 11 2,250, , , % (1,481) 0 153,630 $20.74 East LBJ Freeway 27 8,592,687 1,810,476 2,061, % (87,280) 0 0 $19.20 East Northeast Ft Worth 1 103,938 38,588 38, % (9,275) 0 0 $22.41 Ellis County % $0.00 Frisco/The Colony 13 1,428,960 72,114 82, % 57, ,800 $29.94 Ft Worth CBD 13 5,518, , , % (122,854) 0 132,246 $29.03 Garland % $0.00 Grand Prairie 1 116, % $0.00 HEB/Midcities 2 187,657 42,380 42, % (3,926) 0 0 $16.73 Hood County % $0.00 Hunt County % $0.00 Johnson County % $0.00 Lewisville 3 324,000 24,856 24, % 15, ,500 $31.33 Mesquite/Forney/Terrell 2 81,406 20,261 22, % 11,960 30,460 0 $30.75 Northwest Ft Worth % $0.00 Office Ctr/West LBJ Ext 25 5,166, , , % 230, $22.95 Outlying Collin County % $0.00 Outlying Denton County % $0.00 Parker County % $0.00 Plano 5 865, , , % 12, $20.17 Preston Center 18 2,913, , , % 84,443 75,000 0 $32.46 Quorum/Bent Tree 39 9,803,274 1,727,319 1,752, % 159,605 80,000 0 $23.65 Richardson 28 5,328, , , % 700, ,500,000 $21.52 Rockwall 1 85,474 7,824 7, % 3, ,000 $29.67 South Irving % $0.00 Southeast Dallas % $0.00 Southeast Ft Worth % $0.00 Southwest Dallas 2 281,655 16,556 16, % 9, $21.84 Stemmons Freeway 9 3,415, , , % (424) 0 0 $18.83 Upper Tollway/West Plano 44 9,913, ,537 1,034, % 66, , ,066 $28.92 Uptown/Turtle Creek 35 8,054, , , % 273, $30.30 Urban Center/Wingren 24 6,819,296 1,011,149 1,079, % 238, $23.56 West LBJ Freeway 6 1,667, , , % 63, $15.77 West Southwest Ft Worth 11 1,814,205 43,256 60, % 67,132 60,000 0 $24.83 Westlake/Grapevine 12 1,893, , , % 50, $25.07 White Rock 3 419, , , % 6, $33.26 Wise County % $0.00 Totals ,007,074 18,698,866 19,810, % 1,691, ,786 3,666,661 $23.56

5 Class B Submarket Statistics Third Quarter 2013 Allen/McKinney 52 2,443, , , % 63,856 27,000 67,514 $21.78 Alliance 14 1,049,153 34,536 37, % (14) 0 54,000 $18.44 Arlington/Mansfield 95 4,590, , , % 41, $18.27 Central Expressway 62 4,526, , , % (32,123) 0 23,984 $18.32 Dallas CBD 35 6,658,835 2,575,277 2,583, % 65, $17.88 Denton 24 1,063, , , % 21, $20.53 DFW Freeport/Coppell 76 6,782,225 1,002,323 1,002, % 444, ,039 $19.89 East LBJ Freeway 86 7,587,795 2,322,907 2,343, % 120, $15.82 East Northeast Ft Worth 30 2,172, , , % 17, $17.47 Ellis County 7 207,448 29,417 29, % 2, $20.30 Frisco/The Colony 37 2,761, , , % (20,613) 0 35,000 $24.44 Ft Worth CBD 29 2,639, , , % (9,381) 0 75,971 $21.44 Garland 36 1,492, , , % 5, $20.33 Grand Prairie ,313 35,207 35, % (2,879) 17,299 0 $17.36 HEB/Midcities 48 3,323, ,553 1,107, % 17, $16.25 Hood County 3 45,000 1,600 1, % $22.16 Hunt County 3 88,324 24,635 24, % (2,990) 0 0 $24.47 Johnson County 7 154,810 1,000 1, % (1,000) 0 0 $14.23 Lewisville 79 4,695, , , % (59,487) 0 0 $19.24 Mesquite/Forney/Terrell 9 276,815 43,331 47, % 5, $17.89 Northwest Ft Worth 4 132,900 2,709 2, % 3, $18.21 Office Ctr/West LBJ Ext 73 6,173,618 1,215,350 1,228, % 27, $18.23 Outlying Collin County 1 16,000 4,000 4, % 7, $26.50 Outlying Denton County 2 56,232 3,000 3, % (3,000) 0 0 $0.00 Parker County 6 126,878 5,650 5, % 2, $19.00 Plano 69 3,733, , , % 83,171 49,151 18,000 $19.06 Preston Center 20 1,144,616 46,618 52, % (2,343) 0 0 $23.97 Quorum/Bent Tree ,570,816 2,117,221 2,138, % 133, $16.78 Richardson 95 7,115,139 1,741,562 1,760, % 210, $17.49 Rockwall ,819 18,921 18, % (3,046) 0 18,000 $25.27 South Irving , , , % (5,971) 0 0 $16.32 Southeast Dallas 8 366,103 91,214 92, % (12,577) 0 0 $16.02 Southeast Ft Worth ,510 84,230 84, % 41,401 44,065 0 $18.42 Southwest Dallas 47 2,240, , , % $14.20 Stemmons Freeway 71 7,072,710 2,265,536 2,343, % 50, $13.83 Upper Tollway/West Plano 101 6,424, , , % (106,890) 51,333 18,900 $23.46 Uptown/Turtle Creek 39 2,469, , , % (100,170) 0 0 $24.59 Urban Center/Wingren 25 1,908, , , % (19,033) 0 0 $17.57 West LBJ Freeway 27 2,403, , , % 17, $15.41 West Southwest Ft Worth 96 5,664, , , % 170, ,453 46,090 $21.00 Westlake/Grapevine 78 3,310, , , % 28, ,513 $21.61 White Rock 44 2,727, , , % (21,988) 0 0 $18.92 Wise County 2 51,000 14,459 14, % (2,100) 0 0 $22.31 Totals 1, ,037,657 23,173,648 24,186, % 1,174, , ,011 $17.94

6 Class C Submarket Statistics Third Quarter 2013 Allen/McKinney 4 241, % $0.00 Alliance % $0.00 Arlington/Mansfield 42 1,501, , , % 20, $12.61 Central Expressway ,471 45,925 45, % (7,147) 0 0 $15.07 Dallas CBD 29 2,332, , , % (23,556) 0 0 $12.86 Denton ,292 80,711 80, % (9,050) 0 0 $18.18 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 42,745 42, % 5, $14.36 Ellis County 2 35, % $0.00 Frisco/The Colony 1 17, % $0.00 Ft Worth CBD , , , % (10,000) 0 0 $17.79 Garland ,366 99, , % $14.16 Grand Prairie 8 176,639 20,379 20, % 6, $12.32 HEB/Midcities , , , % 1, $13.10 Hood County 3 51, % 5, $10.81 Hunt County 1 18, % $0.00 Johnson County 7 171,081 49,260 49, % (768) 0 0 $14.48 Lewisville ,656 21,781 21, % (8,225) 0 0 $14.40 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 $13.96 Office Ctr/West LBJ Ext 9 481,015 66,769 66, % (16,401) 0 0 $14.92 Outlying Collin County % $0.00 Outlying Denton County 1 21, % $0.00 Parker County 3 67,322 7,500 7, % $22.39 Plano ,723 73,065 73, % 13, $15.13 Preston Center ,850 9,042 9, % $18.31 Quorum/Bent Tree ,484 23,132 23, % 8, $14.58 Richardson ,378 84,991 84, % 1, $13.51 Rockwall 3 70,698 18,000 18, % $16.51 South Irving ,790 57,717 57, % 3, $11.37 Southeast Dallas ,635 27,945 27, % (4,650) 0 0 $14.15 Southeast Ft Worth 5 175,360 33,471 33, % (11,201) 0 0 $16.42 Southwest Dallas ,945 45,486 45, % 2, $14.42 Stemmons Freeway 39 4,917, , , % 12, $12.01 Upper Tollway/West Plano 3 71, % $0.00 Uptown/Turtle Creek ,149 35,190 35, % $21.28 Urban Center/Wingren 1 189, % $0.00 West LBJ Freeway 9 228,925 20,503 20, % 6, $12.80 West Southwest Ft Worth 53 1,548, , , % (91,522) 0 0 $18.31 Westlake/Grapevine 4 66,553 1,600 1, % $19.13 White Rock ,584 74,615 74, % 10, $12.09 Wise County 1 15,000 6,000 6, % (6,000) 0 0 $23.39 Totals ,158,364 2,873,110 2,878, % (84,930) 0 0 $14.22

7 Total Office Submarket Statistics Third Quarter 2013 Allen/McKinney 64 3,859, , , % 260, , ,933 $23.04 Alliance 15 1,119,153 45,941 48, % (14) 0 54,000 $19.93 Arlington/Mansfield 150 7,812,939 1,107,822 1,150, % 92, $17.93 Central Expressway ,482,688 2,516,234 2,575, % (339,439) 0 23,984 $21.64 Dallas CBD 86 30,574,804 9,046,290 9,294, % (21,246) 0 450,000 $21.75 Denton 45 1,659, , , % 11, $19.78 DFW Freeport/Coppell 88 9,052,489 1,481,121 1,481, % 463, ,669 $20.12 East LBJ Freeway ,396,812 4,143,672 4,415, % 29, $17.45 East Northeast Ft Worth 45 2,699, , , % 13, $17.40 Ellis County 9 242,774 29,417 29, % 2, $20.30 Frisco/The Colony 51 4,207, , , % 37, ,800 $27.43 Ft Worth CBD 55 8,612,325 1,394,482 1,432, % (142,235) 0 208,217 $26.37 Garland 52 2,004, , , % 5, $18.42 Grand Prairie 28 1,227,479 55,586 55, % 3,421 17,299 0 $14.65 HEB/Midcities 71 4,184, ,046 1,332, % 15, $15.85 Hood County 6 96,088 1,600 1, % 5, $19.45 Hunt County 4 106,324 24,635 24, % (2,990) 0 0 $24.47 Johnson County ,891 50,260 50, % (1,768) 0 0 $14.46 Lewisville 96 5,790, , , % (52,568) 0 24,500 $19.71 Mesquite/Forney/Terrell ,321 93,532 99, % 16,372 30,460 0 $17.45 Northwest Ft Worth ,739 36,044 36, % (8,769) 0 0 $15.08 Office Ctr/West LBJ Ext ,821,131 1,642,466 1,725, % 241, $20.20 Outlying Collin County 1 16,000 4,000 4, % 7, $26.50 Outlying Denton County 3 77,832 3,000 3, % (3,000) 0 0 $0.00 Parker County 9 194,200 13,150 13, % 2, $20.59 Plano 91 5,100, , , % 108,485 49,151 18,000 $18.97 Preston Center 48 4,289, , , % 82,133 75,000 0 $30.86 Quorum/Bent Tree ,699,574 3,867,672 3,914, % 301,766 80,000 0 $19.49 Richardson ,370,862 2,468,186 2,486, % 912, ,500,000 $19.18 Rockwall ,991 44,745 44, % ,000 $21.10 South Irving 28 1,423, , , % (2,521) 0 0 $14.37 Southeast Dallas , , , % (17,227) 0 0 $15.61 Southeast Ft Worth , , , % 30,200 44,065 0 $18.02 Southwest Dallas 65 3,086, , , % 13, $14.76 Stemmons Freeway ,406,202 3,235,855 3,365, % 62, $14.81 Upper Tollway/West Plano ,410,064 1,740,198 1,948, % (40,000) 455, ,966 $26.94 Uptown/Turtle Creek 87 10,879,379 1,181,723 1,207, % 173, $28.87 Urban Center/Wingren 50 8,917,249 1,846,576 1,914, % 219, $21.90 West LBJ Freeway 42 4,300,272 1,266,493 1,299, % 86, $15.52 West Southwest Ft Worth 160 9,027, , , % 146, ,453 46,090 $20.92 Westlake/Grapevine 94 5,270,692 1,090,015 1,205, % 79, ,513 $23.82 White Rock 66 3,697, , , % (4,316) 0 0 $21.45 Wise County 3 66,000 20,459 20, % (8,100) 0 0 $22.79 Totals 2, ,203,095 44,745,624 46,875, % 2,780,969 1,112,087 4,067,672 $20.54

8 HISTORICAL FIGURES AT A GLANCE Class A Market Statistics Third Quarter 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates ,007,074 18,698,866 19,810, % 1,691, , ,666,661 $ ,229,288 19,700,476 20,724, % 1,801, ,028, ,032 $ ,200,960 20,800,609 21,498, % 1,071, , ,567,357 $ ,170,095 21,698,186 22,538, % 49, , ,865 $ ,542,877 20,466,277 21,960, % 187, ,106, ,264 $ ,436,579 18,753,259 20,042, % 1,078, ,517, ,597,822 $ ,918,761 17,364,134 18,602, % 640, ,590, ,839,225 $ ,328,167 16,378,288 17,652, % 2,476, ,796, ,646,054 $ ,531,346 17,029,861 18,332, % 1,610, , ,282,057 $ ,039,178 17,916,995 19,451, % 2,319, , ,168 $ ,168,629 18,751,205 20,900, % 743, ,172, ,014 $ ,996,442 17,050,970 20,471, % (775,398) 9 2,089, ,233,187 $ ,906,760 13,994,202 17,606, % (805,175) 19 3,262, ,701,682 $ ,643,971 11,240,538 13,538, % 3,124, ,831, ,397,858 $ ,812,749 12,670,484 14,831, % 5,584, ,396, ,703,464 $ ,416,540 12,019,690 12,019, % 3,513, ,627, ,947,177 $23.60 Class B Market Statistics Third Quarter 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates , ,037,657 23,173,648 24,186, % 1,174, , ,011 $ , ,231,356 24,323,329 25,554, % 570, , ,516 $ , ,043,794 24,700,042 25,937, % 821, , ,979 $ , ,596,322 26,651,904 27,311, % (293,160) , ,096 $ , ,340,230 26,082,960 26,762, % (728,647) 28 1,268, ,925 $ , ,109,446 24,139,481 24,803, % 2,373, ,565, ,183,656 $ , ,630,396 23,956,195 24,697, % 2,803, ,720, ,209,080 $ , ,909,536 23,927,146 24,780, % 2,912, ,795, ,074,570 $ , ,578,681 24,289,929 25,362, % 1,743, ,452, ,771,778 $ , ,608,706 23,709,786 25,136, % 2,307, ,448, ,633,385 $ , ,190,279 24,331,094 26,025, % (1,223,546) 32 1,698, ,332,035 $ , ,622,421 20,607,504 23,234, % (667,704) 33 1,633, ,618,340 $ , ,989,070 18,364,840 20,933, % (427,835) 61 4,293, ,798,594 $ ,325 99,778,853 14,936,651 16,295, % 1,652, ,894, ,048,950 $ ,277 96,884,434 13,799,992 15,053, % 3,559, ,531, ,821,264 $ ,198 91,650,400 13,378,956 13,378, % 3,401, ,497, ,577,366 $19.25 Total Office Market Statistics Third Quarter 2013 Net Deliveries UC Inventory Quoted Period # Blds Total RBA Direct SF Total SF Vac % Absorption # Blds Total RBA # Blds Total RBA Rates , ,203,095 44,745,624 46,875, % 2,780, ,112, ,067,672 $ , ,667,008 46,860,051 49,120, % 2,513, ,364, ,270,548 $ , ,516,590 48,544,230 50,482, % 1,864, , ,759,336 $ , ,020,653 51,342,653 52,851, % (231,286) , ,561 $ , ,162,343 49,576,179 51,762, % (1,035,635) 43 3,374, ,189 $ , ,855,550 45,456,735 47,419, % 3,295, ,100, ,781,478 $ , ,908,984 43,777,238 45,769, % 3,549, ,445, ,065,311 $ , ,604,634 42,863,398 45,013, % 5,362, ,609, ,822,785 $ , ,594,045 43,962,202 46,366, % 3,686, ,030, ,070,835 $ , ,663,928 46,117,399 49,122, % 4,475, ,371, ,211,611 $ , ,660,165 47,685,538 51,594, % (581,403) 38 2,870, ,218,231 $ , ,558,913 42,784,281 48,912, % (1,664,390) 48 3,912, ,851,527 $ , ,047,833 37,502,243 43,736, % (1,763,517) 80 7,556, ,671,773 $ , ,590,511 30,824,776 34,515, % 4,244, ,823, ,446,808 $ , ,767,117 30,514,152 33,937, % 9,949, ,989, ,622,481 $ , ,187,841 30,307,262 30,307, % 7,070, ,187, ,586,635 $20.93