"It appears that Amazon (NASDAQ: AMZN) might be opening yet another fulfillment center in Dallas-Fort Worth, according to multiple reports. Recent plans submitted to the Texas Department of Licensing and Regulation describe an unnamed tenant that would be taking a 1 million-square-foot warehouse in Irving near DFW International Airport...According to a report by the Dallas Morning News, some local real estate brokers have said that Amazon is looking at the property along with a similarly sized building in Fort Worth."
"Dallas and Houston's economic stability are projected to be somewhat of an anomaly in the U.S. over the next several years, even as much of the world's economic growth slows, according to research firm Oxford Economics."
"From the arrival of the In-N-Out burger chain to the open-air retail shopping mall concept and breezy environmentally sound high-end homes, Dallas-Fort Worth for a long time has mirrored the commercial and residential trends of Southern California. Now, a report from CommercialCafé is putting numbers behind everyone’s suspicion that Californians themselves are flocking to the Metroplex."
"Apartments are a huge part of the Dallas-Fort Worth economy, responsible for billions of dollars and tens of thousands of jobs a year, and yet there are not nearly enough of them...And when it comes to apartment rehabilitation and renovation projects, DFW shows its economic potential with renovations and repairs alone pushing about $2B into the local economy and creating up to 7,000 jobs yearly..."
Bisnow | October 17, 2018 | Kerry Curry - "When XTO Energy...dusted off its boots and left Cowtown for Houston, the blow was expected to be devastating for a city known for its storied oil history...Still, even with the shock of losing a beloved corporation, Fort Worth is holding its own, and several of its commercial real estate sectors are thriving thanks to a strong jobs market, a diversified economy and a growing city with a business-friendly climate. A new ranking by WalletHub named Fort Worth the nation's sixth-fastest-growing large city in the United States. The city's multifamily and retail sectors are particularly hot with high occupancies and plenty of new developments either opening or on the way."
Multihousing Pro | September 13, 2018 - "Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Monticello Oaks, a three-story, 63-unit apartment complex in Fort Worth, Texas..."
Bisnow | July 19, 2018 | Tara Lerman - "With over 70 data centers, DFW is gaining momentum as one of the top data center markets in the country. It is not a coincidence that so many data centers are moving to Dallas, especially since major corporations such as State Farm, Toyota North America, Huawei, Samsung and McKesson have recently relocated to the area. And the data center boom isn't slowing down."
Bisnow | June 18, 2018 | Champaign Williams - "When Amazon released its request for proposals for a second headquarters, the tech giant outlined several key preferences that would factor heavily into its decision: proximity to densely populated city centers, access to a strong labor force that could eventually fill 50,000 jobs and a strong quality of life." Dallas is in the Top 10 of the Amazon HQ2 Finalists due to its "strong tech labor force working in its favor and a tax structure that sets it apart from the competition."
Bisnow Dallas-Ft. Worth Real Estate News | March 21, 2018 | Jeremiah Jensen - "Once DFW’s hidden gem in the multifamily market, Fort Worth is entering a more mature market stage with barriers to entry rising. Soaring development costs and competition ramping up in the market make good deals hard to come by in Fort Worth on both the value-add and the new-build sides. Welcome to the Thunderdome..."
Dallas Business Journal Commercial Real Estate News | September 26, 2017 | Candace Carlisle - Now that Amazon has announced plans to build a second North American headquarters, Dallas has joined the race to submit a bid to become the new home for the online retailer giant. The proposed development site is in Trinity Groves, a rapidly growing neighborhood in west Dallas. The new Amazon headquarters is "expected to cost up to $5 billion to build to house upwards of 50,000 people". If Amazon were to build in Dallas, it would bring tens of thousands of new jobs and potential apartment seekers to the DFW area.