Absorption

↑Net office: 1.1 million square feet

↓Net retail: -86,000 square feet

↑Net industrial: 3.8 million square feet

↑Apartment: 3,179 units

Vacancy

↓Office: 20.1 percent

↑Retail: 11.3 percent

↓Apartment: 7.3 percent

↓Industrial: 8.9 percent

Rents/Leases

↑Office:

• Asking: $19.39 per square foot
• Effective: $16.38 per square foot

↑Retail:

• Asking: $15.88 per square foot
• Effective: $14.18 per square foot

↑Apartment:

Asking: $774 per unit

Effective: $705 per unit

↑Industrial: $3.88 per square foot

Under Construction

↑Office: 522,000 square feet

↓Retail (projection): 5.7 million square feet

↑Apartment: 1,791 units

↑Industrial: 18.1 million square feet

Résumé

• Largest private employers: Texas Instruments Inc., Energy Future Holdings LP, UPS, Southwest Airlines Co., Presbyterian Hospital
• Geographic center between New York, Los Angeles, Toronto and Mexico City
• Dallas-Ft. Worth International Airport is world's 3rd-busiest airport, based on operations
• Most shopping centers per capita among U.S. cities
• Dallas Arts District is nation's largest urban arts district of its kind
• City comprises one-fifth of larger Dallas-Fort Worth Metroplex, which houses about a quarter of all Texans

Sources: CB Richard Ellis, Marcus & Millichap, Reis Inc., U.S. Census Bureau, U.S. Department of Labor

Melinda Young is an associate editor at Scotsman Guide. Reach her at (800) 297-6061 or melinda@scotsmanguide.com.

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