why fort worth?
SUBMARKETS
DEVELOPMENT
COMPARABLES
MARKET OVERVIEW
STREAM
Small Town Feel...
Big City Amenities.
13th-Largest City
in the Nation
U.S. Leader
in Job Growth
Most Visited City
in Texas
Emergence of
New Development
Exceptionally Stable
Office Market
Most Visited City in Texas
FORT WORTH IS THE
Fort Worth had a record 10.9 million visitors in 2022.
Tourism’s economic impact exceeds $3 billion annually.
Tourism accounts for 30,000 jobs, making hospitality a leading industry.
Dickies Arena - Ranked #2 Venue in the U.S.
Top Art Museums in the World
The Historic Stockyards
Near Southside
Fort Worth Zoo - Ranked #2 Zoo in the U.S.
Vibrant, Walkable CBD
U.S. Leader in Job Growth
DFW ADDED OVER 278,000 JOBS IN 2022 ALONE
Fort Worth's vacancy rate is historically low
at 14.07%, compared to the 21.20% vacancy rate in the Dallas market.
Charles Schwab
Fidelity
Deloitte
Facebook Data Center
Mercedes
Goosehead Insurance
Microsoft
Lockheed
BNSF
American Airlines
FAA Southwest HQ
Sabre
First Command Financial Services
Freese & Nichols
EOG Resources
U.S. HUD
Tokai Carbon
Simpli.fi
GM Financial
Oncor
Range Resources
Gamestop
D.R. Horton
CoreMark
Dickies
Bell Helicopter
BAE Systems
CenturyLink
Texas Health Resources
MAJOR EMPLOYERS
Expanding, World-Class
Medical District
• Accounts for 55,000 jobs
• Provides $5.5B in economic impact
American Airlines
• Accounts for 60,000 jobs
Sports Industry
• Provides $105M in economic impact
Transportation &
Warehousing in Alliance
• Accounts for 62,000 jobs
• Provides $100B in economic impact
Film & Television
Production
• Accounts for 18,900 jobs
• Provides $555M in economic impact
Abundant Higher Education Resources
WITHIN 45 MINUTES
Fort Worth Campus (4 Min)
Main Campus (19 Min)
Main Campus (44 Min)
Medical School (32 Min)
Health Science (7 Min)
Main Campus (34 Min)
Main Campus (29 Min)
Law School (3 Min)
Dental School (36 Min)
Main Campus (37 Min)
Main Campus (21 Min)
Main Campus (8 Min)
Medical School (8 Min)
Main Campus (8 Min)
Fastest Growing Large City in the U.S.
FORT WORTH IS THE
Abundant Higher
Education
2018
2019
2020
2021
2022
9.3
9.5
7.8
9.8
10.9
1.9%
-17.8%
25.5%
10.8%
Fort Worth Visitors, in millions
Source: Tourism Economics
Copyright © 2024 Stream Realty Partners, All rights reserved. The information contained herein was obtained from sources believed reliable; however, Stream Realty Partners, L.P. make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, change of price, or conditions, prior sale or lease, or withdrawal without notice.
53
new residents move to Fort Worth every day
19,170
people moved to Fort Worth from July '21 to July '22; surpassing Dallas's 8,833 new residents
5th
largest city in Texas
4%
increase in population since 2020
10th
Fort Worth is on pace to pass Austin to become the 10th largest U.S. city by 2024
5%
lower cost of living than the national average
14%
lower housing market than the national average
7,400
home building permits filed in 2022, the most of any Texas city
why fort worth?
SUBMARKETS
DEVELOPMENT
COMPARABLES
MARKET OVERVIEW
STREAM
OFFICE
DEVELOPMENT
MULTIFAMILY
DEVELOPMENT
HOSPITALITY/TOURISM
DEVELOPMENT
GAME-CHANGING
DEVELOPMENT
These developments will add approximately
1,000 new residents to the CBD.
OIL & GAS star-telegram building
Purchased by developers to be
converted to multifamily.
Luxury residential high-rise delivering in early 2024. First building to deliver in the Fort Worth CBD since 2018.
oNCOR building
Purchased by developers to be
converted to multifamily.
DECO 969
CRESCENT FORT WORTH
GRANITE SOUTHLAKE II
HILLWOOD COMMONS
ONE UNIVERSITY
THE VAN ZANDT
CLEARFORK
TEXAS A&M EXPANSION
PANTHER ISLAND
HILLWOOD'S ONCOR BUILDING
TEXAS A&M UNIVERSITY PROJECT
Have broken ground on Law School expansion and Tier 1 research facility which will consist of 3 buildings totaling approx. 700,000 SF.
Public private partnership between the city, county, and Texas A&M.
“This is truly the most transformational thing that will happen in Fort Worth that will continue into perpetuity.” – Mayor Mattie
The new campus will nurture additional job growth by addressing workforce needs through collaboration with area industries, as well as research and education partners.
Lockheed Martin has already signed on to collaborate with the incoming campus to establish an additional talent pipeline of quality engineers in Fort Worth.
The first building under construction is the $150 million, eight-story, 225,000 SF structure near the system’s law school at 1515 Commerce St. The law school will move into the new building, which will also house classes offered by Texas A&M, Texas A&M Health and Tarleton State University, which is part of the system.
Programs available include emergency response communication, medical technologies, advanced manufacturing, nutrition, biotechnology, medical laboratory science and nursing.
The campus’ current plans include construction of two additional buildings by 2027 over four city blocks owned by the Texas A&M system.
The Dallas Morning News
PANTHER ISLAND PROJECT
View Project Details
FORT WORTH CONVENTION CENTER
Undergoing a $701 million expansion. View Project Details
View Project Details
Big Block
Availability
25
Big Blocks
92K
Average SF
2.3M
Total SF
0 SF
YTD Deliveries
91,341 SF
Q1 Direct Net Absorption
13.97%
Q1 Vacancy
Delivered New Supply
Under Construction
Submarket Direct Net Absorption
% Vacant
SUPPLY & DEMAND
fort worth
SUBLEASE SPACE
why fort worth?
SUBMARKETS
DEVELOPMENT
COMPARABLES
MARKET OVERVIEW
STREAM
Office Market Overview
FORT WORTH
FORT WORTH
OFFICE AT-A-GLANCE
FORT WORTH OFFICE'S
QUARTERLY REPORT
DFW'S FULL
QUARTERLY REPORT
Fort Worth's 41 million square feet of office product continues to prove its stability with a total vacancy rate of 13.97% amongst both Class A & B, again outpacing the entire Dallas-Fort Worth market, which clocked in at a vacancy rate of 21.20%.
Fort Worth is in a healthy position compared to other U.S. markets regarding the impact of available sublease space:
11.06%
of space available
of space available
15.54%
of total inventory
2.15%
of total inventory
2.92%
SUBLEASE SPACE IN
other markets
Continued Spec Suite Demand
Continued High Rental Rates
Limited Class A Large Blocks
Texas A&M’s Development Will Benefit All of CBD
Loan Maturities Could Bring Buying Opportunities
Continued Population Growth
Continued High TI Costs
Rental rates reached a new high in Q4 2023 for both Class A and Class B.
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
VACANCY RATE vs. RENTAL RATE
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
RENT
GROWTH
vacancy rate
2024 Trends & Outlook
Copyright © 2024 Stream Realty Partners, All rights reserved. The information contained herein was obtained from sources believed reliable; however, Stream Realty Partners, L.P. make no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, change of price, or conditions, prior sale or lease, or withdrawal without notice.
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2023
OFFICE RSF
Stream Realty Partners
STREAM REALTY PARTNERS is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices across the nation. Since 1996, Stream has grown to more than 1,400 professionals and now completes more than $8.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
NICE. SMART. HONEST. PASSIONATE.
27
Years in
Business
$8.8B
in Annual
Transactions
360M+
SF Leased
& Managed
55M
SF Developed
or Acquired
Agency Leasing
Construction &
Project Management
Tenant
Representation
Property
Management
Development
Investment Sales
Investment Management
Location & Labor Intelligence
Marketing &
Market Research
• First Relationships, Then Real Estate
• Proven Experience
• We Command the Market
• We Outwork the Competition
• Our Marketing is Second-to-None
Why Stream?
PLATFORM RESOURCES
DFW QUARTERLY REPORT
NATIONAL OVERVIEW
why fort worth?
SUBMARKETS
DEVELOPMENT
COMPARABLES
MARKET OVERVIEW
STREAM
STOCKYARDS
N. Main Street
STOCKYARDS ENTERTAINMENT DISTRICT
PANTHER
ISLAND
