economy: The Good, The Kinda Bad and the Growth in Dallas
- 01/15/13 12:59 AM
Dallas has enjoyed steady job growth and didn’t suffer nearly as bad as much of the country during the economic downturn. Job growth means more demand for commercial space. If more businesses begin to grow and/or move to Dallas, what does that mean for those of us who are already here? Change and growth always bring bad with the good. But really, even the “bad” is pretty good.
The good news: more business in Dallas means more potential clients and more economic growth for everyone and Dallas will begin to skyrocket closer to the top of places to do business … (2 comments)
economy: The Effects of a Bad Economy on Leasing
- 10/24/11 10:31 AM
So the economy has been bad for 3 years now. What has been the impact on office leasing? There are a few trends that have become apparent. First, tenants are trading up to nicer space. When rental rates fall companies often move into higher class office buildings for close to the same price as they have been paying in lesser buildings. I have seen this occur in previous recessions as well. Second, while they may be moving into nicer buildings, they aren't leasing excess space betting that their company will grow. Third, when signing new leases most companies are using their … (0 comments)
economy: Just published in 10-23-09 Dallas Business Journal.
- 11/02/09 06:06 AM
The Dallas Business Journal published a commentary I wrote on the commercial real estate market. The article discusses why residential real estate is a leading indicator of the economy while commercial real estate is a lagging indicator. Here is a link to it - http://dallas.bizjournals.com/dallas/stories/2009/10/26/editorial1.html Let me know your thoughts. … (0 comments)
economy: Re or De? What's Your imPression?
- 03/03/09 02:11 PM
The Dean of the Cox School of Business at SMU, Albert Niemi, spoke at an economic summit the last week of February. He focused on our current economic situation and how it compares to the Great Depression and other recessions. So how does a REcession end up as a DEpression? You might be surprised First, the Great Depression was a uniquely American problem. It did not extend around the world as our current problem does. Second, our current recession has been going on for 15 months now. This compares to the recessions of 1973-75 (24 months), 1981 (16 months), 1991 (6 months) and 2000 … (0 comments)
economy: What does this Economy Mean for the Corporate Tenant?
- 11/10/08 09:33 AM
Thank God I'm in Texas. Texas is certainly taking some hits while the economy in the US as a whole is suffering. It is certainly not hurting to the same extent. DFW is the 4th largest metro in the US, but it created 83,600 new jobs in 2007 (3rd in the nation) and 54,300 from September 2007 to September 2008 (2nd in the nation). Unemployment stood at 5.3% while the country as a whole was around 6.1%. These numbers may be adjusted later as often happens, but they show that it's a good time to be in Texas. Costar reported that … (0 comments)
Anything and everything related to corporate real estate - a company's use of real estate. This is usually a company's lease or purchase of office, warehouse or retail space.
Dallas has enjoyed steady job growth and didn’t suffer nearly as bad as much of the country during the economic downturn. Job growth means more demand for commercial space. If more businesses begin to grow and/or move to Dallas, what does that mean for those of us who are already here? Change and growth always bring bad with the good. But really, even the “bad” is pretty good.
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