Upload
downtown-fort-worth-inc
View
220
Download
1
Embed Size (px)
DESCRIPTION
The State of Downtown is produced by Downtown Fort Worth, Inc. (DFWI) and Fort Worth Public Improvement District #1 (PID) to help communicate the underlying economic trends shaping our center city. The data is compiled throughout the year by Arrie Mitchell, DFWI's Director of Research
Citation preview
STATE of DOWNTOWN
2015
ForewordWelcome to our eleventh edition of the State of Downtown report. This publication is produced by Downtown Fort Worth, Inc. (DFWI) and Fort Worth Improvement Districts (PID), #1 and #14 to communicate the underlying economic trends shaping our center city.
Downtown Fort Worth continued its outstanding momentum in 2015. Office rental and occupancy rates compare favorably with other North Texas submarkets while hospitality measures were among the strongest in the country. Retail remained strong and residential sales and leasing activity reached new highs.
The State of Downtown is your window into the economic forces shaping our center city. The data presented in the State of Downtown is compiled throughout the year by DFWI’s Director of Research. In addition, quarterly and monthly updates for certain market segments are available upon request and at www.dfwi.org/research.
Your thoughts on how to improve this publication are welcome, and we encourage you to share your insights with us.
On behalf of Downtown Fort Worth, Inc. and the Fort Worth Improvement Districts, thank you for your interest in Downtown.
Table of ContentsYear in Review .................................................. 2
Office and Employment ...................................10
Population and Housing ...................................18
Hospitality ........................................................34
Retail ................................................................40
Quality of Life ..................................................48
Education .........................................................52
Transportation .................................................54
PID Advisory Board ..........................................60
Arrie Mitchell Director of Research
Jed Wagenknecht Chairman
Fort Worth Improvement District #1 (PID)
Jack Clark Chairman of the Board Downtown Fort Worth, Inc.
Cover Photo: Trinity Terrace
ABOUT US
DFWI’s Mission
The mission of Downtown Fort Worth, Inc. is to be the catalyst for transforming Downtown into a vibrant place to live, visit, enjoy and conduct business through aggressive leadership of programs, projects and partnerships.
Who We Are
Formed in 1981, DFWI is Downtown Fort Worth’s planning, public space management and advocacy organization. This membership-based organization has contributed to Downtown Fort Worth’s vitality by serving as a liaison, ombudsman, and information source for property owners, residents, business owners, lenders, developers, community organizations, and policy-makers.
What We Do
DFWI is a 501 (c)(6) non-profit membership organization. In addition to coordinating the Downtown planning process, advocacy, member services, communications and Downtown leadership, DFWI members founded the first Public Improvement District in the state of Texas in 1986. DFWI continues to manage PID #1 and also manages PID #14. These PIDs provide enhanced services to property owners including maintenance and landscaping, public space management, promotions and marketing, research, transportation, planning, and security enhancements to 564 acres of Downtown, including streets and sidewalks.
DFWI also administers the Tax Increment Finance District (TIF) by contract with the City of Fort Worth. Eligible TIF projects include parking, infrastructure assistance to new developments, historic preservation, affordable housing, transportation and education.
Downtown Fort Worth Initiatives, Inc. (DFWII) is a 501(c)(3) non-profit corporation that provides a pathway for foundation grants, philanthropic donations and other contributions to help fund charitable, educational, and public-purpose Downtown projects. Each year DFWII helps to bring more than 500,000 people to Downtown by producing the MAIN ST. Fort Worth Arts Festival and the XTO Energy Parade of Lights. DFWII also developed the JFK Tribute in Fort Worth, redeveloped Burnett Park and is currently administering the Heritage Park restoration design.
1STATE OF DOWNTOWN FORT WORTH 2015
Yea
r in
Rev
iew
STATE OF DOWNTOWN FORT WORTH 2015
1,206 acres
1.8 square miles
1,533 Downtown businesses
39,302 private employees
11 MILLION square feet of office space
2,642 hotel rooms
6,228 Downtown residents
3,452 residential units
48,150 Downtown employees (all jobs)
$77,608 average private payroll per employee
$3 BILLION private payroll in 2013
At $3,050,142,000, Downtown generates a larger payroll (9.2%) than any other employment center in the county, contributing 45.9 times its geographic weight in private payroll.
$4.8 BILLION in gross sales from all Downtown industries in 2014
$65.4 Billion appraised value of property in the City of Fort Worth in 2015
$171.3 Billion appraised value of property in Tarrant County in 2015
$15,946,586 hotel taxes paid in Downtown 2015
$130,426,938 sales taxes paid in 2014 – 15.5% of the city’s taxable sales are transacted in Downtown
Downtown contributes 30.1 times its geographic weight in sales tax.
$62 Million in property taxes paid in Downtown in 2015
$1,925,743,531 total taxes paid Downtown 1992-2014
DOWNTOWN BY THE NUMBERS
Downtown Fort Worth is a 1.875 square mile high performing North Texas submarket. With over 48,000 employees, Downtown Fort Worth is the largest employment center in Tarrant County. Private payroll generated in Downtown exceeds $3 billion per year, the highest among employment centers in the county.
The labor force in Fort Worth grew by 23.9% from December 2007 (pre-recession) to December 2015. This is 9.6 times faster than the national labor force which grew at 2.5%. Fort Worth grew 1.7 times faster than Texas at 14.3%. Over this same period Fort Worth added 74,370 jobs increasing its employment by 23.6%. During the same period Texas increased its employment by 14.0%, while national employment increased by 2.5%.
Sources: City of Fort Worth, DFWI, Tarrant County, U.S. Census Bureau, State of Texas
Change in UnemploymentU.S. Unemployment
December rate 5.0%Dec. 2014 – Dec. 2015 change -0.6Texas Unemployment
December rate 4.6%Dec. 2014 – Dec. 2015 change -0.0Fort Worth Unemployment
December rate 3.7%Dec. 2014 – Dec. 2015 change -0.2
2
The Fort Worth-Arlington metro area’s annual employment growth rate from December 2014 to December 2015 was 2.9% compared to 1.7% for the Nation. The unemployment rate for the City of Fort Worth was 3.7% in December 2015, significantly lower than the national rate of 5.0%.
In addition to a healthy labor market, Downtown Fort Worth’s economy performed exceptionally well in 2015, outperforming the local and national economy in many segments of the office, residential, hospitality and retail markets. The Dallas-Fort Worth-Arlington metropolitan area’s population grew from 5,161,544 in 2000 to 6,703,020 in 2014. 18% of this regional growth is attributed to Fort Worth.
Trini
ty Rive
r
Downtown is bordered by I-30, I-35 and the Trinity River.
3STATE OF DOWNTOWN FORT WORTH 2015
Contribution of Fort Worth to Regional Growth
Population: From 2000 to 2014, 30.5% of regional population growth (for cities with more than 100,000) occurred in Fort Worth. Dallas contributed 10.1%.Source: U.S. Census Bureau
Arlington 5.5% Carrollton 2.1%
Denton 5.2% Dallas 10.1%
Frisco 12.2%
Garland 2.2%
Grand Prairie 6.4%
Irving 4.5%
McKinney 11.2%
Mesquite 2.2%
Plano 6.1%
Richardson 1.8%
Fort Wort
h 3
0.5
%
Job Growth from December 2007 to December 2015
57,996
74,370
0
40,000
20,000
60,000
80,000
Dallas Fort Worth
Employment: Employment in Fort Worth grew by 23.6% from pre-recession December 2007 to December 2015. In Dallas it grew by 9.0%.Source: Texas Workforce Commission
Yea
r in
Rev
iew
STATE OF DOWNTOWN FORT WORTH 20154
Office: The office market in Downtown Fort Worth absorbed over 693,000 square feet of office space since 2012 while occupancy remained on par with the national average. Occupancy of class A office space in Downtown Fort Worth in 4Q 2015 was 90.7%, slightly more than the national average occupancy of 89.0%. A large percentage of the space in the multi-tenant office market is occupied by tenants of less than 4,000 square feet. This has a stabilizing influence on the market. In 2015, more than 39% of the leasing activity occurred with firms of that size.
Leasing Activities, Share of Market SPACE (SF) 2014 2015
<4,000 59% 39%
4,001 – 10,000 24% 31%>10,001 17% 30%Source: CoStar
Sour
ce: C
oSta
r
All Office Space Occupancy
4Q 2015Class A Office Space Occupancy
4Q 2015Retail Space Occupancy
4Q 2015
89.6% 88.0%
90.7%
50%
60%
70%
80%
90%
100%
Fort
Wor
th
USA
Dow
ntow
nFo
rt W
orth
88.1% 88.8% 87.0%
Fort
Wor
th
USA
Dow
ntow
nFo
rt W
orth
94.3% 94.6% 96.0%
Fort
Wor
th
USA
Dow
ntow
nFo
rt W
orth
5STATE OF DOWNTOWN FORT WORTH 2015
2.7%
4.1% 4.4%
6.1%
3.8% 3.7%
10.6%
3.7% 4.2% 4.6% 4.7%
6.2% 6.7%
5.2% 5.4%
3.3%
4.5% 4.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
Austin
Boston
Charlo
tte
Chicag
o
Columbu
s
Dallas
Detroit
Fort W
orth
Housto
n
Indian
apolis
Jack
sonvill
e
Los A
ngele
s
Memph
is
New Yo
rk City
Philad
elphia
Phoe
nix
San Anto
nio
San Dieg
o
San Fr
ancis
co
San Jo
se
4.9%
3.3%
4.5%
4.7%
5.7%
4.2%
4.4%
5.5%
4.2%
4.2%
5.5%
3.8%
3.9%
5.4%
4.1%
4.1%
5.5%
4.5%
4.3%
5.3%
4.5%
4.4%
5.3%
4.3%
4.1%
5.1%
4.1%
4.1%
5.1%
4.1%
4.0%
5.0%
4.0%
3.9%
5.0%
3.7%
3.7%
5.0%
3.0%
4.0%
3.5%
4.5%
5.5%
5.0%
6.0%
Jan-1
5
Feb-1
5
Mar-15
Apr-15
May-15
Jun-1
5
Jul-1
5
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Dallas USA Fort Worth
Sour
ce: T
exas
Wor
kfor
ce C
omm
issi
on
Unemployment Rate in 2015
Unemployment Rate Among 20 Largest U.S. Cities November 2015
Employment Growth December 2015 Over December 2014
3.1%
1.1%
1.7%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
Dallas Fort Worth USA
Sour
ce: T
exas
Wor
kfor
ce C
omm
issi
onSo
urce
: U.S
. Bur
eau
of L
abor
Sta
tistic
s
Burnett Plaza
Yea
r in
Rev
iew
STATE OF DOWNTOWN FORT WORTH 20156
Residential: Development remained strong in Downtown with an additional 788 units under construction by December of 2015. The first owner-occupied new product in four years broke ground on Henderson Street, adding 11 townhome units to the market. Hunter Plaza will bring a total of 164 rental units to Downtown including 115 affordable units and 49 market rate units. Trinity Terrace has broken ground on a 132 unit, 21 story senior housing tower. Pinnacle Bank Place in the Lancaster corridor, broke ground in early 2015, adding a 130 unit mixed-use community to Downtown. Cierra Bank began construction of a mixed-use project adding 6 units and Alliance Residential has begun work on a 345 unit apartment community adjacent to the Pier One Tower. The addition of those 777 apartments will bring the total rental inventory to 3,303 units.
The multifamily average rent in Downtown increased 7.0% in 2015 to $1.68 a square foot and apartment occupancy averaged 96.5% in 2015.
Demand for condominiums and townhomes remained high in 2015. 100 owner occupied units sold in 2015 through MLS, three shy of the 2007 record of 103. Through the fourth quarter of 2015, the median price for a Downtown residential unit sold through the MLS system was $255,000, an increase of 15.8% over 2014 median price of $220,000 and a 34.2% increase since 2013.
Price of Condos and Townhomes Sold by Year
Average Apartment Rental Rates and Average Occupancy Rates
Sour
ces:
Nat
iona
l Ass
ocia
tion
of R
ealto
rs a
nd N
orth
Tex
as
Rea
l Est
ate
Info
rmat
ion
Syst
em
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
$219,900
$277,626
$212,450$190,000
$234,226
$252,789
$220,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
2011 2012 2013 2014
$308,330
AverageMedian
$343,534
$255,000
2015
$1,531
$1,573
$1,637
$1,662
$1,688
95.4%
94.8% 94.5%
95.3%
95.6%
$1,700
$1,750
$1,650
$1,600
$1,550
$1,500
98.0%
97.0%
96.0%
95.0%
94.0%
93.0%
92.0%
91.0%
90.0%2010 2011 2012 2013 2014 2015
$1,734
96.5%
Average Rental Rates Average Occupancy
7STATE OF DOWNTOWN FORT WORTH 2015
Hotels in Downtown Fort Worth generate 39.9% of all annual
hotel occupancy taxes in the city.
1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14
$5.0
$4.5
$0
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
Millions
$3.7
$3.3 $3.3 $2.8
$3.6
$3.8
$3.4 $3.6
$3.8 $3.7
$3.3 $3.5 $3.6
$4.0$3.8
$4.2
1Q 15 2Q 15 3Q 15 4Q 15
$3.8
$4.0
$3.7
$4.4
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Hotel Occupancy Taxes Paid Downtown Fort Worth
Hospitality: The Downtown hotel market continued to perform well above the national market and other large markets in the Dallas-Fort Worth metropolitan area. The occupancy rate in 2015 was 70.0%, higher than the national average of 65.6%.
Revenue per available room (RevPAR) was $115.49, significantly above the national average of $78.67.
Hotel occupancy taxes paid in Downtown set an all time record averaging $3,986,647 per quarter in 2015.
While 20% of all Fort Worth hotel rooms are located Downtown, 39.9% of all Fort Worth hotel occupancy taxes were paid in Downtown.
Photo Credit: Fort Worth Convention & Visitors Bureau
Yea
r in
Rev
iew
STATE OF DOWNTOWN FORT WORTH 20158
Retail: The Downtown retail market continues to perform well. The first two quarters of 2015 have maintained the peak sales levels reached in 2014. The strongest sectors were Retail Trade, Clothing Stores and Full Service Restaurants.
Retail occupancies maintained a robust rate of 95.5% in existing space. The average rent per square foot for retail space in Downtown was $26.90. In addition, Downtown added 17,000 square feet of retail space in the new Cassidy Building in Sundance Square in 2014.
Change in Gross Sales 2Q 2015 over 2Q 2014
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
Real Estate, Leasing and Rental
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
Construction
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
Retail Trade
Clothing Stores
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
3.8%
64.6%
0%
40%
20%
60%
80%
100%
USA Downtown Fort Worth
3.3%
28.6%
0.0%
5.0%
15.0%
25.0%
35.0%
USA Downtown Fort Worth
8.1%
2.4%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
0.0%
2.0%
6.0%
8.0%
4.0%
10.0%
USA Downtown Fort Worth
10.3% 8.4%
0.0%
5.0%
10.0%
15.0%
USA Downtown Fort Worth
9.8%
4.0%
USA Downtown Fort Worth
1.0%
34.2%
0.0%
10.0%
20.0%
30.0%
40.0%
USA Downtown Fort Worth
Accommodation and Food Service
Full-Service Restaurants
Sour
ces:
U.S
. Cen
sus
Bure
au a
nd T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Photo Credit: Sundance Square
9STATE OF DOWNTOWN FORT WORTH 2015
Cumulative Value of Building Permits Downtown Fort Worth, 2002 – 2015
$482
$613
$752
$956
$1,064$1,171
$1,223
$1,374 $1,446
$1,566
$1,672
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,800
$1,600
2002-05 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
$73
$120 $106
$0
$50
$100
$150
$200
2013 2014 2015
Millions
Millions
Sour
ce: C
ity o
f For
t Wor
th
Off
ice
an
d E
mp
loy
men
t
STATE OF DOWNTOWN FORT WORTH 201510
Downtown Fort Worth’s skyline is expanding.Having added 542,612 square feet of office space since 2013 Downtown currently has nearly 11 MILLION square feet of multi-tenant office space. With the current construction of
Frost Tower, a 25 story Class A office building bringing 258,900 square feet
of office space and 45,800 square feet of amenity space, Downtowns skyline
is expanding again.
New office space added since November 2013Class A: 542,612 SF/ 10.8% of inventory
Downtown has 50 square feet of retail space for every 1,000 square feet of office space*
48,150 jobs in Downtown
1,533 private businesses
$3 BILLION in private payroll
Anthracite Realty Partners’ Frost
Tower Fort Worth is currently
under construction.
*Source: CoStar
87.6%
11.35
11.72 11.7211.79 11.76 11.76
11.8511.90 11.90
89.7%
88.0%
89.5%
87.9%
84.3%
87.9%87.3%
75%
80%
85%
90%
95%
100%
11
11.2
11.4
11.6
11.8
12
2007 2008 2009 2010 2011 2012 2013 2014
Inventory Occupancy Million
square feet
90.7%
2015
Office Inventory and Occupancy Rate Downtown Fort Worth
Sour
ce: C
oSta
r
Class A Office Buildings
Burnett Plaza 1,024,627777 Main 954,895D.R. Horton Tower 820,509Wells Fargo 716,533Pier One Plaza 460,000Two City Place 312,525One City Place 306,470Carnegie 280,000Chase Bank 201,901Cash America 135,293Cantey Hanger 84,113The Westbrook 70,478The Cassidy 66,940Commerce Building 61,770The Tower 30,000Source: CoStar
11STATE OF DOWNTOWN FORT WORTH 2015
5,441,941 Square Feet of Class A Office Space
The Commerce Building in Sundance Square
Off
ice
an
d E
mp
loy
men
tOffice Occupancy Rate Fourth Quarter 2015
Sour
ce: C
oSta
r
73.7
%
73.7
%
73.3
%
92.5
%
89.5
%
92.0
%
88.6
%
87.7
%
88.1
%
74.5
% 84
.7%
87
.8%
88.8
%
86.4
%
88.5
%
0%
20%
40%
60%
80%
100%
2010 2011 2012 2013 2014
80.5
% 90
.7%
89
.0%
2015
Dallas CBD Fort Worth CBD USA
-271.2
569.4
-200.3
247.9
-220.5
-68.8
-0.6
-1,035.8
-348.0
-496.3
-621.2-276.9
1,119.0464.9
422.1338.9
-1,200
2008
2009
2010
2011
2012
2013
2014
2015
0 300 800 -700 -200 1,300
Downtown Dallas Downtown Fort Worth
Thousand Square Feet
Net Absorption of Office Space
Sour
ce: C
oSta
r
Class A Office Occupancy Rates Downtown Fort Worth
Sour
ce: C
oSta
r97.4%
92.7%
92.3% 93.0%
87.3%
93.2% 93.7% 94.8%
82.9% 82.0%
70%
75%
80%
85%
90%
95%
100%
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
87.0%
2015
492,848 sq ft of Class A
multi-tenant office space
added in 2013.
Burnett Plaza
STATE OF DOWNTOWN FORT WORTH 201512
0%
10%
20%
30%
40%
50%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Dallas LBJ Expressway Irving/Las Colinas Richardson/Plano Dallas Uptown
0%
10%
20%
30%
40%
50%
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
12.2% 11.4% 17.2% 17.1%
19.7% 23.3%
26.4%
23.8%
19.1%
23.4%
23.8%
23.8%
23.7%
13.5%
10.1% 5.4% 3.7% 8.0%
12.7% 10.3% 13.1% 16.6%
11.9% 9.2% 10.0%
Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway
23.1%
25.0%
27.0%
23.4%
2014 2014 2014 2014
2014 2014 2014 2014
20.2% 23.3%
19.0% 13.0% 17.3%
26.6%
7.7%
23.7%
9.8%
21.6%
2015 2015 2015 2015
2015 2015 2015 2015
17.8%
Metro Area Class A Office Vacancy Rates
2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013
2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013 2014 2011 2012 2013
15.2% 16.8%
14.4% 14.1% 19.6% 19.4%
23.0%
18.5%
Dallas LBJ Expressway Irving/Las Colinas Richardson/Plano Dallas Uptown
23.2%
24.9% 25.7%
24.2%
9.9% 10.1%
0%
10%
20%
30%
40%
50%
15.3% 12.6% 14.5% 15.8% 15.6% 14.9% 15.1%
10.9%
2015
13.2%
2015
9.8%
2015
16.1%
2015
24.7%
10.2%
8.9%
2015
11.0%
26.1% 26.7%
25.5%
21.2%
2015
19.3%
2015
21.9%
0%
10%
20%
30%
40%
50%
2014 2011 2012 2013
Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway
10.5%
8.0% 15.3% 13.6%
2015
12.1%
Metro Area Office Vacancy Rates
Sour
ce: C
oSta
r – F
ourt
h qu
arte
r 201
5So
urce
: CoS
tar –
Fou
rth
quar
ter 2
015
13STATE OF DOWNTOWN FORT WORTH 2015
Off
ice
an
d E
mp
loy
men
t
Metro Area Class B Office Rental Rates ($/SF)
Sour
ce: C
oSta
r – F
ourt
h qu
arte
r 201
5
Metro Area Class A Office Rental Rates ($/SF)
Sour
ce: C
oSta
r – F
ourt
h qu
arte
r 201
5
$10
$15
$20
$25
$30
$35
$10
$15
$20
$25
$30
$35
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Dallas LBJ Expressway Irving/Las Colinas Richardson/Plano Dallas Uptown
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway
2014 2014 2014 2014
2014 2014 2014 2014
2015 2015 2015 2015
2015 2015 2015 2015
$26.87
$27.54 $28.74
$29.23
$21.90
$21.91
$18.31
$18.61
$15.98
$19.56
$20.39
$19.79
$19.62
$22.03
$20.74
$21.21
$22.93
$24.86
$19.01
$19.11
$23.56
$24.74 $29.67
$30.33
$31.21$35.69
$20.45
$20.94
$22.81
$23.36
$23.14
$24.86
$28.67
$18.43
$24.67 $26.57
$23.05
$37.80
$24.96 $27.13
$10
$15
$20
$25
$30
$10
$15
$20
$25
$30
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Dallas LBJ Expressway Irving/Las Colinas Richardson/Plano Dallas Uptown
2011 2012 2013 2011 2012 2013 2011 2012 2013 2011 2012 2013
Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway
2014 2014 2014 2014
2014 2014 2014 2014
2015 2015 2015 2015
2015 2015 2015 2015
$18.50
$19.27
$20.58
$20.76
$18.20
$18.28
$18.72
$19.71
$19.61
$20.25
$13.77 $13.87
$13.65
$13.46
$15.59
$15.46
$15.65
$16.81
$16.87
$16.27
$17.92
$18.91
$18.50
$17.53 $22.99
$24.38
$25.58
$30.06
$16.78
$17.59
$17.94
$19.09 $19.20$20.36
$25.07
$14.89
$17.39 $20.18
$31.49
$19.84
STATE OF DOWNTOWN FORT WORTH 201514
777 Main
Energy Efficient Office Space Downtown Fort Worth
Sour
ce: C
oSta
rMillion
square feet
5,526,102
2,499,927
229,680
2,796,495
0
1
2
3
4
5
6
Total Energy Efficient Space
Energy Star Certified
LEED Certified (Gold)
LEED Certified (Silver)
Average Office Rental Rates Downtown Fort Worth
$26.08
$29.20 $29.03 $30.20
$27.98 $27.42 $26.87 $27.54
$29.23
$17.02 $18.13 $18.37
$21.12
$18.79 $19.04 $18.50 $19.27
$20.58
$15
$20
$25
$30
$35
2005 2006 2007 2008 2009 2010 2011 2012 2014 2013
Class A Class B
$28.74
$20.76
2015
$28.67
$19.84
Sour
ce: C
oSta
r
Downtown, the Near Southside and the Cultural District combined generate $5,715,083,000 in annual payroll. Downtown Fort Worth has the highest number of employees and generates the largest payroll among all of the employment centers in the county.
$42,071
$77,608
$58,018
$0
$20,000
$40,000
$60,000
$80,000
Cultural District Downtown Near Southside
Sour
ce: U
.S. C
ensu
s Bu
reau
201
3
Average Payroll Per Employee in Private Sector
ZIP CODE (SUBMARKET)PRIVATE SECTOR
EMPLOYEES PAYROLLPAYROLL PER
EMPLOYEE
76102 (Downtown) 39,302 $3,050,142,000 $77,608
76104 (Near Southside) 28,764 $1,668,818,000 $58,018
76107 (Cultural District) 23,676 $996,083,000 $42,071
15STATE OF DOWNTOWN FORT WORTH 2015
Off
ice
an
d E
mp
loy
men
t Average Class A and B Office Rent, 4Q 2015 Dallas – Fort Worth MSA ($/SF)
Sour
ce: C
oSta
r
$24.10
$24.71
$26.13
$20.53
$28.67
$31.29
$38.02
$18.43
$37.08
$23.80
$27.13
$24.61
$22.06
$19.69
$20.08
$16.21
$19.20
$21.47
$31.56
$14.89
$27.82
$17.58
$20.36
$20.26
$0 $5 $10 $15 $20 $25 $30 $40 $35
Richardson/Plano
Mid-Cities
Irving/Las Colinas
Fort Worth Northeast
Downtown Fort Worth
Dallas Far North
Dallas Uptown
Dallas Stemmons Freeway
Dallas Preston Center
Dallas LBJ
Dallas Central Expressway
Downtown Dallas
Class A Class B
Unemployment Rates in 2015
Sour
ce: T
exas
Wor
kfor
ce C
omm
issi
on
5.7%5.5% 5.5% 5.4% 5.5%
5.3% 5.3%5.1% 5.1%
5.0% 5.0% 5.0%4.7%
4.4%4.2%
3.9% 4.3%4.4%
4.1%4.0%
3.9%
3.7%
4.5%
3.8%
4.1%
4.5% 4.5%4.3%
4.1%
4.1%4.0%
3.7%
3%
4%
5%
6%
7%
8%
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15
Dallas Fort WorthUSA
4.2% 4.2%
4.1%4.1%
STATE OF DOWNTOWN FORT WORTH 201516
National Office Statistics 4Q 2015AVERAGE ASKING
RENTOVERALL
VACANCY RATE
Atlanta $20.70 12.1%
Austin $30.68 8.0%
Boston $21.27 8.8%
Chicago $23.28 13.0%
Dallas/Fort Worth $23.39 14.1%
Denver $24.44 8.5%
Houston $28.04 13.6%
Los Angeles $31.60 11.0%
New York $59.58 7.5%
Philadelphia $22.16 10.0%
Phoenix $22.10 16.3%
Seattle $30.66 8.1%
Washington, DC $34.42 14.3%Source: CoStar
Business Profile Number of Businesses per Category Downtown Fort Worth
Sour
ce: U
.S. C
ensu
s Bu
reau
201
3
45
3
27
51
82
368
74
85
29
119
56
85
1
259
12
38
22
83
93
0 50 100 150 200 250 300 350 400
Wholesale Trade
Utilities
Transportation
Retail Trade
Real Estate
Professional, Scientific, and Technical Services
Other Services
Mining
Manufacturing
Management of Companies
Information
Health Care
Forestry, Fishing
Finance and Insurance
Education Services
Construction
Arts, Entertainment, and Recreation
Administrative and Support
Accommodation and Food Services
Total private employees: 39,302
Total number of businesses: 1,533
Annual payroll: $3,050,142,000
17STATE OF DOWNTOWN FORT WORTH 2015
STATE OF DOWNTOWN FORT WORTH 201518
Pop
ula
tion
an
d H
ousi
ng
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Lifestyle
56.1
%
Other 3.7%
Community 1.7%
Convenience 11.7%
Location 8.0%
Work 18.7%
Reason for Living Downtown
Lifestyle was selected as the primary reason for living Downtown by 57.2% of condo/townhome owners
and 55.3% of apartment renters.
Living the Downtown lifestyle.Downtown Fort Worth is currently experiencing an increasing rate of residential growth as more people
embrace an urban lifestyle. Ranked by the U.S. Census Bureau as America’s 16th-largest city, Fort
Worth’s population has grown 52.0% since 2000 to the current population of 812,553 (U.S.
Census Bureau). Downtown’s population has grown 112.7% over the same period.
Much of Fort Worth’s population increase is attributed to the region’s diversified economy, strong
regional business clusters, relatively low land cost, land availability, a revitalized and growing Downtown
and rejuvenated central-city neighborhoods.
19STATE OF DOWNTOWN FORT WORTH 2015
Very unsafe 0.3%Unsafe 2.5%
Very Safe
Safe57.3%
40.0%
Neighborhood Safety Downtown Fort Worth
Maintained 95.8% average apartment occupancy since 2006, while increasing inventory by 59%
6,228 people live in Downtown
Density of 3,943 residents per square mile in Downtown (1,917 housing units/sq mile)
City of Fort Worth density of 2,327 residents per square mile (886 housing units/sq mile)
$255,000 Median sale price of Downtown condos/townhomes purchased in 2015
18.2% increase in
average apartment rent since 2006 – $1,467/2006 to $1,734/2015
2,521 Residential rental units
planned or under construction
will increase the
Downtown housing
stock by 70%
$2.85 Million: top Downtown condo sale in 2015
28.1% of the 2015 condo
sales market in Fort Worth is
located in Downtown
74% of Downtown
condo owners have
income greater than
$100,000
49% of Downtown residents’ income is double
the national median household income or greater
85% of Downtown residents have
a bachelor's degree or higher
Downtown residents
spend on average $50 Million+ a year in Downtown restaurants, bars and retail.
Residents perceive Downtown as safe.
• 97.3% of residents rated their neighborhood as safe or very safe.
• 99.5% of residents feel safe or very safe walking in Downtown during the day.
• 90.4% of residents feel safe or very safe walking in Downtown after dark.
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
STATE OF DOWNTOWN FORT WORTH 201520
Pop
ula
tion
an
d H
ousi
ng Residential – For Sale
Housing affordability has been one of Fort Worth’s competitive advantages. In 2015, the median price of a home in Fort Worth was $172,000, compared to $255,000 in Austin and $256,000 in Dallas. The median home price in the U.S. was $297,000.
Currently, there are 926 owner-occupied residential units in Downtown, up 887 units, a 2,274% growth since 2003. The median sale price of a home in Downtown Fort Worth was $255,000 in 2015.
Residential – For Rent
The rental market remained at historically high occupancy. Currently, there are 2,526 units in Downtown with monthly rents ranging from $865 to $5,320 (4Q 2015). The occupancy rate of rental units in Downtown has stayed above 90% since 2006. Although 262 units became available in 2Q 2014 (an 11.6% increase), occupancy remained above 94% and finished the year at 96.5%. During the national recession that lasted from December 2007 through June 2009, apartment occupancy in Downtown did not decline below 92% in any quarter, despite hefty additions to the inventory.
Top Ten State Population Gain April 1, 2010 through July 1, 2014
325,266
408,662 Georgia
326,542 Colorado 336,987 Washington
339,174Arizona
368,115 New York 408,273 North Carolina
1,088,674
1,547,997
1,810,854
0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000
Virginia
Florida
California
Texas
Sour
ce: U
.S. C
ensu
s Bu
reau
Fastest-Growing Metropolitan Areas Population Added April 1, 2010 through July 1, 2014
231,663
258,500
295,982
327,596
363,520
397,331
433,287
526,443
528,120
569,690
0 100,000 200,000 300,000 400,000 600,000 500,000
Phoenix-Mesa-Scottsdale, AZ
San Francisco-Oakland-Hayward, CA
Seattle-Tacoma-Bellevue, WA
Miami-Fort Lauderdale-Pompano Beach, FL
Atlanta-Sandy Springs-Roswell, GA
Washington-Arlington-Alexandria, DC-VA-MD-WV
Houston-The Woodlands-Sugar Land, TX
Los Angeles-Long Beach-Anaheim, CA
Dallas-Fort Worth-Arlington, TX
New York-Newark-New Jersey, NY-NJ-PASo
urce
: U.S
. Cen
sus
Bure
au
21STATE OF DOWNTOWN FORT WORTH 2015
Regional City Population Change 2000 – 20142000 2014 % CHANGE
Austin, TX 656,562 912,798 39.0%Baton Rouge, LA 227,818 228,909 0.5%Dallas, TX 1,188,580 1,281,031 7.8%El Paso, TX 563,662 679,024 20.5%Fort Worth, TX 534,694 812,553 52.0%
Houston, TX 1,953,631 2,240,796 14.7%Little Rock, AR 183,133 197,701 8.0%Oklahoma City, OK 506,132 620,553 22.6%San Antonio, TX 1,144,646 1,436,723 25.5%Shreveport, LA 200,145 197,979 -1.1%Tulsa, OK 393,049 399,274 1.6%Source: U.S. Census Bureau
Regional City Change in Median Family Income 2000 – 2014CITY 2000 2014 % CHANGE
Austin, TX $54,091 $71,230 32.2%Baton Rouge, LA $40,266 $50,119 14.5%Dallas, TX $40,921 $46,479 9.6%El Paso, TX $35,432 $46,420 31.0%Fort Worth, TX $42,939 $61,121 43.6%
Houston, TX $40,443 $50,369 23.3%Little Rock, AR $47,446 $61,597 35.5%Oklahoma City, OK $42,689 $58,535 38.1%San Antonio, TX $41,331 $53,835 27.8%Shreveport, LA $37,126 $49,577 28.8%Tulsa, OK $44,518 $52,394 17.1%USA $50,046 $65,443 27.9%Source: U.S. Census Bureau
The Dallas- Fort Worth
Metropolitan area population grew by
528,120 from 2010 – 2014.
Lincoln Park at Trinity Bluff
STATE OF DOWNTOWN FORT WORTH 201522
Pop
ula
tion
an
d H
ousi
ng Demographics of Downtown
Fort Worth Residential Population:
With the addition of more apartments, the Downtown Fort Worth residential population is becoming younger, wealthier and better educated and has grown at an annual rate of 5.8% since 2007. Currently, 6,228 persons live in the Downtown. DFWI has conducted four surveys of residents since 2007 to monitor trends in the changing demographics of the Downtown population. Our latest survey was conducted in December 2014.
A one-sheet survey instrument was delivered to 2,456 households in Downtown using first-class postage. The response rate was 17.6% providing a margin of error of +4% at a 95% confidence level.
A summary of the survey and trends are presented here. The full report can be downloaded from DFWI’s web site at www.dfwi.org or contact Arrie Mitchell at [email protected] to receive a copy.
Median Annual Household Income
48.9% of Downtown households have income exceeding $100,000 per year.
Downtown Residents’ Previous Place of Residence
28.9% cities in the Metroplex other than Fort Worth
32.6% Fort Worth
12.9% Texas outside of the Metroplex
20.3% other states
Employment
23.8% Healthcare
9.7% Education
21.9% Science & Engineering
13.2% Finance
6.8% Retail
6.2% Government
5.5% Law
57.2% of Downtown residents are under 40 years old
68.4% of apartment renters are under 40 years old
23.6% of condominium and townhome residents are under 40
70% of apartment renters and 37.1% of condominium and townhome owners are unmarried
95.5% of households have no children living in the household
Downtown residents are highly educated.
48.1% of residents have a bachelor’s degree
27.5% a master’s degree
9.4% a doctoral degree (including JDs)
Lifestyle was cited as the primary reason for living Downtown by 57.2% of condominium/townhome owners and 55.3% of apartment renters.
Yoga in Sundance Square Plaza
23STATE OF DOWNTOWN FORT WORTH 2015
Downtown Population Study Area
Age Distribution Downtown Fort Worth Residents
6.3%
0.5%
14.3%
43.5%
23.1%
79.4%
21.3%
31.3%
18.7% 18.7%
26.4%
17.6% 10.3%
18.7%
5.5%
0%
10%
20%
40%
30%
60%
50%
70%
80%
<25 25-40 41-55 56-65 >65
69.1%
23.6% 23.6%
76.4%
0.0%
50%
75%
100%
Residents40 and under
Residents over 40
Apartments Condos/Townhomes
All Residents
Apartments
Condos/Townhomes
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
STATE OF DOWNTOWN FORT WORTH 201524
Pop
ula
tion
an
d H
ousi
ng
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Marital Status Downtown Fort Worth
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Children in the Household Downtown Fort Worth
7.4%
92.6%
4.5%
95.5%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
With children Without children
2011 2014
38.4%
61.6%
44.2%
55.8%
0.0%
20.0%
40.0%
60.0%
80.0%
Married Not married
2011 2014
Highest Degree Completed
48.1%
36.9%
18.6%
9.6%
18.4%
11.2%
0%
20%
40%
60%
Bachelor’s Graduate/Professional
Downtown Fort Worth USA
Highest Degree Completed Downtown Fort Worth
42.6%
33.5%
48.1%
36.9%
0.0%
20.0%
40.0%
60.0%
80.0%
Bachelor’s Graduate
2011 2014
Sour
ces:
U.S
. Cen
sus
Bure
au 2
010
and
Dow
ntow
n
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
ESPN in Sundance Square
25STATE OF DOWNTOWN FORT WORTH 2015
Household Income Trends Downtown Fort Worth
39.0%
51.7%
9.3% 9.4%
41.7%48.9%
0.0%
20.0%
40.0%
60.0%
Less than$50,000
$50,000 - $99,999
$100,000 and above
2011 2014
1.9%
28.5% 28.8%
7.5%
18.8% 18.8% 20.0% 20.1%
17.9% 21.7%
12.1% 11.9%
48.9%
20.6% 22.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Less than $30,000 $30,000- $49,999
$50,000- $74,999
$75,000- $100,000
More than$100,000
Downtown Fort Worth USA
3.3% 0.0%
10.3%
3.5%
29.2%
7.0%
26.3%
15.1%
30.9%
74.4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Less than $30,000 $30,000- $49,999
$50,000- $74,999
$75,000- $100,000
More than$100,000
Condos/Townhomes Apartments
Median Household Income Downtown Fort Worth
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Sour
ces:
U.S
. Cen
sus
Bure
au 2
013
and
Dow
ntow
n
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Avenue of Lights
39.0%
51.7%
9.3% 9.4%
41.7%48.9%
0.0%
20.0%
40.0%
60.0%
Less than$50,000
$50,000 - $99,999
$100,000 and above
2011 2014
1.9%
28.5% 28.8%
7.5%
18.8% 18.8% 20.0% 20.1%
17.9% 21.7%
12.1% 11.9%
48.9%
20.6% 22.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Less than $30,000 $30,000- $49,999
$50,000- $74,999
$75,000- $100,000
More than$100,000
Downtown Fort Worth USA
STATE OF DOWNTOWN FORT WORTH 201526
Pop
ula
tion
an
d H
ousi
ng
8.7
9.4
8.2
5 6 7 8 9 10
All Residents
Condo/Townhome Residents
Apartment Residents
$75.36
$91.05
$63.81
$0 $20 $40 $60 $100$80
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
5.0
4.8
5.1
0 1 2 3 4 5 6
$47.87
$52.01
$45.17
$40 $45 $50 $55
Downtown residents patronize Downtown businesses.
99.7% go to Downtown restaurants, 92.2% to bars, 75.5% to convenience/drug stores and 73.2% to retail stores. Condominium and townhome owners eat at Downtown restaurants an average of 9.4 times per
month and spend $91.05 per visit. Apartment renters eat at Downtown restaurants an average of 8.2 times per month and spend $63.81 per visit.
Average Monthly Visits to Downtown Restaurants by Downtown Residents and Spending Per Visit
Average Monthly Visits to Downtown Bars by Downtown Residents and Spending Per Visit
8.7
9.4
8.2
5 6 7 8 9 10
All Residents
Condo/Townhome Residents
Apartment Residents
$75.36
$91.05
$63.81
$0 $20 $40 $60 $100$80
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
5.0
4.8
5.1
0 1 2 3 4 5 6
$47.87
$52.01
$45.17
$40 $45 $50 $55
Average Monthly Visits to Downtown Convenience/Drug Stores by Downtown Residents and Spending Per Visit
Average Monthly Visits to Downtown Clothing Stores by Downtown Residents and Spending Per Visit
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
3.4
3.4
3.5
0 1 2 3 4 5 6
$35.96
$36.50
$35.02
$34 $35 $36 $37
All Residents
Condo/Townhome Residents
Apartment Residents
All Residents
Condo/Townhome Residents
Apartment Residents
2.0
2.3
1.8
0 1 2 3 4 5 6
$99.64
$126.88
$78.96
$0 $50 $100 $150
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
surv
ey D
ecem
ber 2
014
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
surv
ey D
ecem
ber 2
014
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
surv
ey D
ecem
ber 2
014
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
surv
ey D
ecem
ber 2
014
27STATE OF DOWNTOWN FORT WORTH 2015
Very Clean
Clean
Very unclean 0.0%
Unclean 1.7%
47.7%
50.6%
Street and Sidewalk Cleanliness Downtown Fort Worth
Street and Sidewalk Cleanliness, 2011 vs. 2014 Downtown Fort Worth
93.7%
6.2%
98.3%
1.7% 0%
20%
40%
60%
80%
100%
Clean or very clean Unclean or very unclean
2011 2014
Residents perceive Downtown as clean. 98.3% of residents rated the streets and sidewalks Downtown as clean or very clean.
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. s
urve
y D
ecem
ber 2
014
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
surv
ey D
ecem
ber 2
014
Kent Lofts Rendering
STATE OF DOWNTOWN FORT WORTH 201528
Pop
ula
tion
an
d H
ousi
ng
Number of Residential Units Sold
0
2,000
4,000
12,000
6,000
8,000
10,000
14,000
Dallas Fort Worth
Single-Family Residences Condos/Townhomes
8,497
11,401
3,350
483
8,347
10,609
3,074498
Dallas Fort Worth
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
Sales Ratio of Condos and Townhomes to Single-Family ResidencesYEAR DALLAS FORT WORTH
2010 25.9% 3.3%2011 21.1% 2.9%2012 20.6% 3.5%2013 33.6% 3.9%2014 26.9% 4.5%2015 28.3% 4.1%Source: North Texas Real Estate Information Systems, Inc.
Condominiums and Townhomes Built and Sold Downtown Fort Worth
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
41 226 394 112 0 10 0 0 0 0
40
96 103
56
36 47 39
62 63
102
0
50
100
150
200
250
300
350
400
450
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
0
2015
Built Sold
100
20152014
Texas & Pacific Lofts
29STATE OF DOWNTOWN FORT WORTH 2015
Median sales price for Downtown
condos and townhomes increased
15.8% between 2014 – 2015.
Average Residential Sales Price Per Square Foot Condominiums and Townhomes 2015
North Texas Downtown Dallas Downtown Fort Worth
$151
$232 $243
$0
$50
$100
$150
$200
$300
$250
Median Sales Price Condominiums and Townhomes 2015
$147,000
$221,000
$255,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
North Texas Downtown Dallas Downtown Fort Worth
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
Average Days on Market Condominiums and Townhomes 2015
North Texas Downtown Dallas Downtown Fort Worth
5046
75
0
10
20
30
40
50
60
80
70
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
Downtown Condominium and Townhome Sales As Percentage of City
YEAR FORT WORTH
DOWNTOWN
2007 367 103 28.1%2008 275 56 20.4%2009 286 36 12.6%2010 242 47 19.4%2011 216 39 18.1%2012 315 62 19.7%2013 395 63 15.9%2014 498 102 20.5%2015 483 100 20.7%Source: North Texas Real Estate Information Systems, Inc.
20.7% of all condominiums and townhomes sold in Fort Worth in 2015 were in Downtown.
STATE OF DOWNTOWN FORT WORTH 201530
Pop
ula
tion
an
d H
ousi
ng
Median Residential Sales Price Downtown Fort Worth
$190,000
$219,000
$255,000$250,000
$233,500 $225,450
$281,000
$196,000
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
2006 2007 2008 2009 2010 2011 2012 2014 2015 2013
$219,900 $212,000
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
Median Residential Sales Price Per Square Foot Downtown Fort Worth
$188 $198
$236 $243 $230
$286
$219
$183 $196
$0
$50
$100
$150
$200
$250
$300
2013 2014
$242
20152006 2007 2008 2009 2010 2011 2012
Sour
ce: N
orth
Tex
as R
eal E
stat
e In
form
atio
n Sy
stem
s, In
c.
The Tower Pool
31STATE OF DOWNTOWN FORT WORTH 2015
$1.65
$1.60
$1.75
$1.70
$1.55
$1.50
$1.40
$1.45
2012 2013 20141Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
20151Q 2Q 3Q 4Q
$1.56$1.57
$1.52
$1.54$1.52
$1.57
$1.51
$1.50
$1.55
$1.53
$1.61$1.59
$1.65
$1.69 $1.68$1.70
$1,800
$1,605
$1,654
$1,625
$1,664
$1,679
$1,680
$1,652
$1,635
$1,700
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
2012 20131Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
20141Q 2Q 3Q 4Q
20151Q 2Q 3Q 4Q
$1,693
$1,670
$1,706 $1,705$1,743 $1,742 $1,747
$1,688
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
Average Apartment Rent Per Square Foot Downtown Fort Worth
Average Apartment Rent Downtown Fort Worth
STATE OF DOWNTOWN FORT WORTH 201532
Pop
ula
tion
an
d H
ousi
ng Residential Units Planned, Announced
and/or Under Construction Downtown Fort Worth
PROJECT UNITS YEAR
Henderson St Townhomes 11 2016Trinity Terrace 123 2016Hunter Plaza 164 2016Pinnacle Bank Place 130 2017Ciera Bank Residential 6 20171000 Houston Street 2 2017Broadstone 345 2017-18Kent Lofts 205 TBACatalyst Lancaster Project 254 TBAT&P Warehouse 260 TBAAriston 219 TBAHilton Annex 143 TBAAlexan Summit 370 TBATandy Warehouse 300 TBATotal 2,532Source: Downtown Fort Worth, Inc.
Average Monthly Apartment Rent Per Square Foot Downtown Fort Worth
$1.43
$1.48
$1.54 $1.54
$1.57
$1.40
$1.45
$1.50
$1.55
$1.60
$1.70
$1.65
2010 2011 2012 2013 2014
$1.68
2015
$1,531
$1,573
$1,637
$1,662 $1,688
$1,500
$1,550
$1,600
$1,650
$1,700
$1,750
2010 2011 2012 2013 2014
$1,734
2015
Average Monthly Apartment Rent Downtown Fort Worth
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
2,532 units currently planned
or under construction.
Pinnacle Bank Place
33STATE OF DOWNTOWN FORT WORTH 2015
Housing Construction in Downtown Fort Worth Owner-Occupied Condominiums and Townhomes
Housing Construction in Downtown Fort Worth Renter-Occupied Units
0
100
200
300
400
500
600
700
800
900
1,000
2000-2005
Pre-1999
2006-2010 542
347
37
926 units as of 2010
141% since 2005
Pre-1999
0
500
1,000
1,500
3,000
2,500
2,000
2000-2005
2006-2010
2011-2015
583
280
209
1,454
2,526
units as of 2015
73.7% since 2000
Rate of Growth Condominiums and TownhomesPERIOD FORT WORTH DOWNTOWN
2006 – 2010 14% 141%2000 – 2005 17% 937%Sources: Downtown Fort Worth, Inc. and the City of Fort Worth
Rate of Growth of Renter-Occupied UnitsPERIOD FORT WORTH DOWNTOWN
2011 – 2015 5.4% 12.4%2006 – 2010 17.7% 35%2000 – 2005 5.9% 14.3%Sources: Downtown Fort Worth, Inc. and the City of Fort Worth
Average Monthly Apartment Rent Per Square Foot Downtown Fort Worth
Average Monthly Apartment Rent Downtown Fort Worth
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc.
Construction at Pier 1 Building making way for 345 rental units
Hos
pit
ali
ty
STATE OF DOWNTOWN FORT WORTH 201534
Business and leisure travelers agree, Downtown is the place to stay.As the hub of a vibrant tourism and business travel destination, Downtown Fort Worth is home to
2,642 hotel rooms, 19.4% of hotel rooms in Fort Worth. With 670,000+ room
nights sold in 2015, the average hotel occupancy was 70.0% with $115.49 revenue per
available room (RevPAR).
Downtown paid 39.9%
of Fort Worth’s hotel occupancy taxes in 2015
$106+ MILLION in Downtown hotel revenue in 2015
Hotels Planned or Under Construction
HOTEL ROOMS
Aloft 180Hampton Inn 245Autograph by Marriott 164Source: Downtown Fort Worth, Inc.
Sheraton Fort Worth Hotel
35
Plano 6.6%
Richardson 2.8%
Arlington 8.5%
Irving 15.6%
Grapevine 6.4% Fort Worth without Downtown 13.0%
Dallas 43.6%
Downtown Fort Worth 3.6%
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Downtown Dallas
Downtown Fort Worth
USA
55 % 60 % 65 % 70 % 75 %
65.6%
70.0%
64.9 %
Sour
ce: S
mith
Tra
vel R
esea
rch
Hotel Occupancy 2015
Plano 5.8%
Richardson 2.7%
Arlington 6.0%
Irving 16.1%
Grapevine 12.0% Fort Worth without Downtown 9.3%
Dallas 43.5%
Downtown Fort Worth 8.9%
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Area Hotel Revenue Share
Area Hotel Room Supply
STATE OF DOWNTOWN FORT WORTH 2015
Omni Fort Worth Hotel
Hilton Fort Worth Hotel
Worthington Renaissance Fort Worth Hotel
IH 35W SB IH 3
0 W
B
15TH
14TH
HOUSTON
12TH
LANCASTER
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET
10TH
PEACH
BLUFF
1ST2ND
TAYLOR
THROCKMORTON
MAIN
COMM
ERCECALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
6TH
8TH
9TH
BELKNAP
MILLS
7TH
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
5W N
B IH 30 EB
HENDERSON
3RD
5TH
13TH
WEATHERFORD
CONVENTION CENTER
SUNDANCE
SQUARE PLAZA
2
11
105 6
4
3
9
1
8
7
IH 35W SB IH 3
0 W
B
15TH
14TH
HOUSTON
12TH
LANCASTER
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET
10TH
PEACH
BLUFF
1ST2ND
TAYLOR
THROCKMORTON
MAIN
COMM
ERCECALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
6TH
8TH
9TH
BELKNAP
MILLS
7TH
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
5W N
B IH 30 EB
HENDERSON
3RD
5TH
13TH
WEATHERFORD
CONVENTION CENTER
SUNDANCE
SQUARE PLAZA
2
11
105 6
4
3
9
1
8
7
Hos
pit
ali
ty
STATE OF DOWNTOWN FORT WORTH 201536
$78.28
$99.52
$65.10
$87.82
$104.03
$68.47
$94.19
$111.45
$74.04
$101.74
$115.49
$78.67
2012
$110.00
$120.00
$100.00
$90.00
$80.00
$70.00
$60.00
$50.00
$40.00
2013 2014 2015
Dallas CBD Fort Worth CBD USA
Hotel Revenue Per Available Room
Sour
ce: S
mith
Tra
vel R
esea
rch
4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15
37.6%
43.7%
39.8%
41.3%
40.8%
42.3%
39.2% 39.2% 40.4%
42.2%
38.7%
39.6%
41.5%
40.5%
38.3%
39.9%
40.3%
15.0%
25.0%
20.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Hotel Occupancy Taxes Paid Downtown’s Share as Percentage of City
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Hotels in Downtown Fort Worth generate 39.9% of
all annual hotel occupancy taxes
in the city.
IH 35W SB IH 3
0 W
B
15TH
14TH
HOUSTON
12TH
LANCASTER
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET
10TH
PEACH
BLUFF
1ST2ND
TAYLOR
THROCKMORTON
MAIN
COMM
ERCECALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
6TH
8TH
9TH
BELKNAP
MILLS
7TH
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
5W N
B IH 30 EB
HENDERSON
3RD
5TH
13TH
WEATHERFORD
CONVENTION CENTER
SUNDANCE
SQUARE PLAZA
2
11
105 6
4
3
9
1
8
7
IH 35W SB IH 3
0 W
B
15TH
14TH
HOUSTON
12TH
LANCASTER
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET
10TH
PEACH
BLUFF
1ST2ND
TAYLOR
THROCKMORTON
MAIN
COMM
ERCECALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
6TH
8TH
9TH
BELKNAP
MILLS
7TH
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
5W N
B IH 30 EB
HENDERSON
3RD
5TH
13TH
WEATHERFORD
CONVENTION CENTER
SUNDANCE
SQUARE PLAZA
2
11
105 6
4
3
9
1
8
7
Current Hotel Room Inventory
HOTEL ROOMS
1. Omni Fort Worth Hotel 614
2. Worthington Renaissance 504 Hotel
3. Sheraton Fort Worth 430 Hotel and Spa
4. Hilton Fort Worth 294
5. Downtown Fort Worth 203 Courtyard-Blackstone Hotel
6. Embassy Suites Fort Worth 156 Hotel Downtown
7. Marriott TownePlace Suites 140 Fort Worth Downtown
8. Holiday Inn Express Hotel 132 & Suites Downtown Fort Worth
9. Park Central Hotel 120
10. The Ashton 39
11. Etta’s Place 10
37STATE OF DOWNTOWN FORT WORTH 2015
54.3%
71.4%
62.2%
77.9%
72.0%
66.8% 66.9%
73.6%
67.5%
71.7% 73.0%
71.6%
75.3%
71.8%
67.9%
71.3%
69.0%
78.7%
59.4%
66.1%
53.0%
56.9%
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15
Downtown Fort Worth USA
64.1%
70.6%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
Hotel Occupancy Rate
Sour
ce: S
mith
Tra
vel R
esea
rch
Hos
pit
ali
ty
STATE OF DOWNTOWN FORT WORTH 201538
Revenue Per Available Room (RevPAR)
$99.40
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15
Downtown Fort Worth USA
$121.9
$134.12 $119.53$123.96
$120.83
$112.63 $103.23
$123.83
$134.90
$105.87
$87.57
$0
$20
$40
$60
$80
$100
$120
$140
$61.67
$72.67
$80.59 $79.88 $81.48
$88.83$93.31
$86.10$82.80 $85.64
$68.58
$61.41
Sour
ce: S
mith
Tra
vel R
esea
rch
Tabachin Ribbon
39
2014 201520132012201120102009
Downtown Fort Worth USA
$50
$70
$90
$110
$130
$150
$170
$190
$106.41 $97.34
$101.80
$106.07
$109.98
$152.62
$145.52
$144.82
$146.82
$154.68
$114.92
$161.76
$120.01
$164.97
Fort Worth Convention Center Facts
Total arena 70,960 SFTotal exhibit hall 182,266 SFTotal exhibit space 253,226 SFBallroom space 28,160 SFPermanent seats in the arena 10,418Temporary seats in the arena 3,266Number of meeting rooms 41Hotel rooms within a 15-minute walk 2,370
Source: Fort Worth Convention & Visitors Bureau
Largest Conventions 2015 by Hotel Rooms Reserved Downtown Fort Worth
NAME ROOMS RESERVED
Kenneth Copeland Ministries 9,897Premier Designs, Inc. 6,841Southwest Veterinary Symposium 4,666AcuSport Corporation 4,390Science Teachers Association of Texas
4,175
Grand Lodge Independent Order of Odd Fellows and Rebekah Assembly
4,040
Association for Information Systems 3,913Texas Instruments 3,355American Public Transportation Association
3,109
AstraZeneca 3,032Source: Fort Worth Convention & Visitors Bureau
Average Daily Hotel Room Rate (RevPAR)
Sour
ce: S
mith
Tra
vel R
esea
rch
STATE OF DOWNTOWN FORT WORTH 2015
RevPAR in Downtown Fort Worth
was 50.2% higher than the
national average.
40
Ret
ail Downtown has it all!
Dinner, drinks, dancing, shopping, theater and more.Downtown Fort Worth is well known for its dining
and entertainment experience. More than 70
restaurants can be found in the center city while
live theatre, shopping, movies and comedy add to
the urban mix. These diverse offerings and the
vibrant street life they foster make Downtown more
attractive to locals, visitors and residents.
With a 91.9% average retail occupancy
since 2006, soft goods retail is now taking hold and
strengthening the retail offerings. Downtown has
experienced a 85.9% growth in clothing
store sales since 2006. Several new retailers and
restaurateurs have recently opened or announced
to open in 2016.
New retailers are opening in Sundance Square and
City Place, which together added more than 70,000
square feet of retail space since 2013.
$106 MILLION annual sales for full-service Downtown restaurants
$54 MILLION in mixed beverage sales for 2015
Spending by Downtown residents
$50 MILLION+ annual spending by residents in Downtown
5.4+ monthly visits to Downtown retailers
$60 average spent per retail visit
13.7 average monthly visits to Downtown restaurants and bars
$65 average spending per restaurant visit
STATE OF DOWNTOWN FORT WORTH 2015
41
As the 12th-largest economy in the world with a GDP of $1.6 trillion, the Texas economy continues to fare better than those of many other states. For the 12th straight year, Texas has been ranked the top exporting state, according to data released by the U.S. Department of Commerce. The value of state exports in 2015 totaled more than $251 billion.
Texas’ top exporting industries in 2015 were petroleum and coal products, chemicals, computer and electronic products, non-electrical machinery and transportation equipment. Mexico, Canada, China, South Korea and Netherlands imported $94.5 billion, 25.4 billion, $11.6 billion, $8.1 billion and $7.2 billion in Texas goods, respectively.
92.7%
95.0%
91.2% 92.0%
93.1% 93.2% 92.6% 92.7%
93.3%
80%
85%
90%
95%
100% USADFWDowntown Fort Worth
4Q 2012 4Q 2013
92.7% 93.3% 93.9%
4Q 2014
95.5%
94.1% 94.3%
4Q 20154Q 2011
Downtown Retail Occupancy Rate
Sour
ce: C
oSta
r
Downtown Fort Worth Private-Sector Employees, Businesses and Payroll
Total Downtown private-sector employees 39,302
Annual payroll $3,050,142,000Average payroll per employee $77,608Number of business establishments 1,533
Source: U.S. Census Bureau 2013
STATE OF DOWNTOWN FORT WORTH 2015
$83.5
$40.9
$15.9 $10.3 $8.5
$0
$10
$20
$30
$40
$50
$60
$70
$80
Mexico China Canada South Korea Germany
Billions
$90
Sour
ce: O
ffice
of t
he G
over
nor,
Texa
s
Top Import Partners for Texas Goods
42
Ret
ail
STATE OF DOWNTOWN FORT WORTH 2015
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
West Plano
West Frisco
Uptown Dallas
Southwest Fort Worth
Southlake
Richardson
Park Cities
Northwest Fort Worth
Northwest Dallas
North Arlington
Las Colinas
Fort Worth CBD
Far North Dallas
East Fort Worth
East Dallas
Dallas CBD
Addison
97.4%
90.5%
95.8%
96.2%
95.5%
91.5%
95.3%
96.0%
95.8%
91.9%
95.1%
95.5%
88.2%
94.7%
98.1%
88.9%
89.5%
$5 $10 $15 $20 $25 $30 $35 $40
West Plano
West Frisco
Uptown Dallas
Southwest Fort Worth
Southlake
Richardson
Park Cities
Northwest Fort Worth
Northwest Dallas
North Arlington
Las Colinas
Fort Worth CBD
Far North Dallas
East Fort Worth
East Dallas
Dallas CBD
Addison
$20.87
$18.31
$47.33
$12.69
$26.30
$14.69
$25.37
$17.89
$14.98
$14.17
$19.01
$26.90
$18.29
$9.67
$14.78
$17.23
$16.14
$50$45
Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2015
Sour
ce: C
oSta
r
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
West Plano
West Frisco
Uptown Dallas
Southwest Fort Worth
Southlake
Richardson
Park Cities
Northwest Fort Worth
Northwest Dallas
North Arlington
Las Colinas
Fort Worth CBD
Far North Dallas
East Fort Worth
East Dallas
Dallas CBD
Addison
97.4%
90.5%
95.8%
96.2%
95.5%
91.5%
95.3%
96.0%
95.8%
91.9%
95.1%
95.5%
88.2%
94.7%
98.1%
88.9%
89.5%
$5 $10 $15 $20 $25 $30 $35 $40
West Plano
West Frisco
Uptown Dallas
Southwest Fort Worth
Southlake
Richardson
Park Cities
Northwest Fort Worth
Northwest Dallas
North Arlington
Las Colinas
Fort Worth CBD
Far North Dallas
East Fort Worth
East Dallas
Dallas CBD
Addison
$20.87
$18.31
$47.33
$12.69
$26.30
$14.69
$25.37
$17.89
$14.98
$14.17
$19.01
$26.90
$18.29
$9.67
$14.78
$17.23
$16.14
$50$45
Retail Rental Rates ($/SF) for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2015
Sour
ce: C
oSta
r
43STATE OF DOWNTOWN FORT WORTH 2015
Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area
Fourth Quarter 2012
Sources: CoStar and Downtown Fort Worth, Inc.
Downtown Accommodation and Food Services Gross Sales
$0
$10
$20
$30
$40
$50
$60
$70
$80
$100
$90
July-DecemberJanuary-June
2012 20132011201020092008
$68.9 $70.2
$76.6 $79.2
$82.7
$71.4 $68.2
$70.3 $76.5
Millions
$78.8 $80.2
$88.5
2014 2015
$89.6
NA
$93.6
$80.5
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Downtown Full-Service Restaurants Gross Sales
$5
$10
$20
$30
$40
$50
$60
2012 20132011201020092008
Millions
$44.2 $41.9 $41.3
$46.6
$49.1
$44.6
$39.8 $40.0
$45.2 $46.6
$47.0
$51.8
$46.3
2014
$52.0
2015
NA
$54.3
July-DecemberJanuary-June
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
Taco Diner in Sundance Square
STATE OF DOWNTOWN FORT WORTH 201544
Ret
ail
Household Income Downtown Fort Worth Trade Areas
HOUSEHOLD BY INCOME10 MINUTES DRIVE TIME 20 MINUTES DRIVE TIME
NUMBER OF HOUSEHOLDS
PERCENT OF HOUSEHOLDS
NUMBER OF HOUSEHOLDS
PERCENT OF HOUSEHOLDS
<$15,000 15,354 22.60% 55,115 13.20%$15,000 – $24,999 11,251 16.60% 48,358 11.60%$25,000 – $34,999 9,338 13.80% 47,613 11.40%$35,000 – $49,999 10,582 15.60% 66,464 15.70%$50,000 – $74,999 19,677 14.30% 82,128 19.70%$75,000 – $99,999 4,034 5.90% 45,888 11.00%$100,000 – $149,999 4,048 6.00% 45,661 10.90%$150,000 – $199,999 1,491 2.20% 14,284 3.40%$200,000+ 2,089 3.10% 11,504 2.80%Source: ESRI
Average Consumer Spending Downtown Fort Worth Trade Areas
CATEGORIES10 MINUTES DRIVE TIME 20 MINUTES DRIVE TIME
AVERAGE/HHS TOTAL SPENT AVERAGE/HHS TOTAL SPENT
Apparel and Services $1,226 $92,442,563 $1,612 $696,284,563Computer and Accessories $157 $11,853,949 $212 $91,707,396Entertainment and Recreation $2,237 $168,641,472 $3,041 $1,312,864,004Food at Home $3,373 $254,262,431 $4,274 $1,845,387,944Food Away from Home $2,376 $179,095,673 $3,117 $1,345,568,626Health Insurance $1,340 $101,005,147 $1,751 $756,272,493Investment $957 $72,137,182 $1,400 $604,530,391Home $10,979 $568,421,938 $15,077 $6,508,908,019Household Furnishings and Equipment
$879 $66,285,553 $1,178 $508,769,345
Travel $864 $65,144,993 $1,241 $535,784,345Vehicle Purchases $3,262 $245,893,761 $4,250 $1,835,086,986Consumer spending is the amount spent on a variety of goods and services by households that reside in the market area. HHS: Households Source: ESRI
Retail Sales Downtown Fort Worth Trade Areas
INDUSTRY GROUP NAICS 10 MINUTES DRIVE TIME 20 MINUTES DRIVE TIME
Food and Beverage Stores 445 $594,060,316 $2,147,856,318Clothing and Clothing Accessories Stores 448 $156,637,726 $622,410,557General Merchandise Stores 452 $218,807,113 $1,722,199,970Non-Store Retailers 454 $71,172,713 $178,671,783Food Services and Drinking Places 722 $528,624,977 $2,068,727,072Full-Service Restaurants 7221 $266,108,753 $801,345,825Limited Service Eating Places 7222 $182,611,726 $1,087,124,293Special Food Services 7223 $48,093,082 $87,868,420Drinking Places - Alcoholic Beverages 7224 $31,811,416 $92,388,535NAICS: The North American Industry Classification System (NAICS) is the standard used by federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy. Source: ESRI
45STATE OF DOWNTOWN FORT WORTH 2015
Drive Time Downtown Fort Worth
Drive Time 2012 – 2017 Downtown Fort Worth10 MINUTES DRIVE TIME 2012 2017
Population 193,979 206,134Households 67,865 71,837Average household size 2.79 2.80Owner-occupied housing units 35,596 38,568Renter-occupied housing units 32,269 33,269Median age 31.8 32.4Source: ESRI
10 MINUTES
drive time
20 MINUTES
drive time
STATE OF DOWNTOWN FORT WORTH 201546
Ret
ail
Mixed-Beverage Gross Sales Downtown Fort Worth
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
$43,497,449
$40,831,349
$43,994,761
$42,760,505
$48,126,636 $48,206,547 $48,872,124
$25
$30
$35
$40
$45
$55
$50
2008 2009 2010 2011 2012 2013 2014 2015
$52,963,206
Millions
Clothing Stores Gross Sales Downtown Fort Worth
Sour
ce: T
exas
Com
ptro
ller o
f Pub
lic A
ccou
nts
$2.8
$1
$2
$3
$5
$4
2012 2013201120102009
$3.1
2014
$4.3
2015
NA
Millions
$2.1
$2.4
$2.6
$2.4
$2.8
$3.2
$4.1
$2.3 $2.2
$2.3
July-DecemberJanuary-June
H&M opened in Sundance Square, April 2016
47STATE OF DOWNTOWN FORT WORTH 2015
Gross Sales All Industries Dollars Per Square MileMARKET 2013 2014
Downtown Fort Worth $736,904,143 $1,116,393,867
76104 Near Southside $176,551,745 $312,004,40276107 Cultural District $234,776,684 $243,221,317Fort Worth $123,003,585 $142,647,438Source: Texas Comptroller of Public Accounts
Photo Credit: Sundance Square, Sundance Square Valet Program
48
Qu
ali
ty o
f L
ife
One of the most livable downtowns.Fort Worth has been recognized for its outstanding quality of life and is currently ranked as one of the
nation’s top 10 most livable downtowns by Partners for Livable Communities. Nowhere is our
excellent quality of life more apparent than in our center city where education, entertainment and
other amenities are abundant. Livability.com lists Downtown Fort Worth as one of their top ten livable
downtowns in the country.
STATE OF DOWNTOWN FORT WORTH 2015
49STATE OF DOWNTOWN FORT WORTH 2015
Entertainment290,000+ arts venue attendance
Parks/Recreation385 acres of park land servicing Downtown
Access to 72 miles of trails
4,300 free night and weekend parking spaces
412,000+ items in circulation at the Central Library
6 childcare centers
Entertainment Venues Downtown Fort Worth
VENUE AVAILABLE SEATS
Fort Worth Convention Center (Arena Seating)
10,418
Bass Performance Hall 2,056AMC Sundance 11 1,850Maddox-Muse Center 300McDavid Studio 300Four Day Weekend 212Jubilee Theatre 147Circle Theatre 125Source: Downtown Fort Worth, Inc. survey
Wings of the City Dedication
STATE OF DOWNTOWN FORT WORTH 201550
Qu
ali
ty o
f L
ife PID #1 & #14
Created in 1986, Downtown Fort Worth Improvement District (PID) #1, administered by DFWI, offers a comprehensive program of services including research, marketing, Downtown planning assistance, sidewalk cleaning, street sweeping, security enhancement, and litter removal. From 1986 to 2009, the PID services were renewed by petition every five years by an overwhelming majority of property owners. Because of the PID’s ongoing success, it was reestablished in 2009 for a 20-year period by the Fort Worth City Council, following the submission of petitions from property owners representing 83% of the property value and 80% of the land area in the District. Downtown Fort Worth Improvement District #14 was established in June 2009. Since then, District contractors provide sidewalk maintenance along Samuels Avenue on Sundays and supplemental weekly trash pick-up.
IH 35W SB IH 3
0 W
B
15TH
13TH
14TH
HOUSTON
12TH
LANCASTER
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET
10TH
PEACH
BLUFF
1ST2ND
TAYLOR
THROCKMORTON
MAIN
COMM
ERCECALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
6TH
8TH
9TH
5TH
BELKNAP
MILLS
7TH
CHESAPEAKE ENERGY
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
5W N
B IH 30 EB
HENDERSON
7TH3RD
5TH
13TH
WEATHERFORD
BELKNAP
BLUFF
SAMUEL AVENUE
PID #1
PID #14
PID Districts
SUNDANCE
SQUARE PLAZA
3,744 miles of curb and gutter cleaning annually/ 72 miles weekly
1,249 trees serviced within PIDs (361 within the Core)(does not include trees on private property or in the parks)
1,984 cubic yards (53,568 Cubic Feet) of dirt/debris removed from streets, curbs and gutters annually
15,660 linear miles of sidewalks cleaned annually
146 Downtown trees lighted
17 full-time clean-team members
2 cubic yards of recycle material collected each week
11,000 sq feet of planters in bloom year round
51STATE OF DOWNTOWN FORT WORTH 2015
Tax Increment Finance District #3
A significant public-private partnership that adds to the success of Downtown is the Downtown Tax Increment Finance District (TIF) and the other Downtown-oriented TIFs. The Downtown TIF makes strategic investments in parking, infrastructure, historic preservation, and residential development. The TIF is a collaboration of the City of Fort Worth, Tarrant County, Tarrant County Hospital District, Tarrant County College District, and Tarrant Regional Water District.
To date, the TIF has obligated over $78 million, leveraging $658 MILLION in private development and facilitating $45.8 million in public investment. In the year 2015 the TIF generated $10.6 million of tax increment to the taxing district partners. The TIF is capped in revenues at $5 million per year, the remainder of the tax increment, $5.6 million, is returned to the taxing jurisdictions.
DFWI manages the Downtown TIF through a contract with the TIF Board of Directors.
IH 35W SB IH 3
0 W
B
15TH
13TH
14TH
HOUSTON
12TH
LANCASTER
VICKERY
JARVISAD
AMS
ALAB
AMA
COLL
EGE
LIPS
COM
B
HEM
PHIL
L
LUELLA
11TH
9TH
ELM
13TH
TEXAS
PRESIDIO
EL PASO
RIO GRANDE
DAGGETT
BROAD WAY
WENNECA
14TH
15TH
SUNS
ET10TH
PEACH
BLUFF
1ST2ND
TAYLORTHROCKM
ORTONM
AINCOM
MERCE
CALHOUN
PECAN
ELMTERRY
CRUMP
SPUR 280
HARDINGSNICHOLS
JONES
PECAN
1ST
2ND
3RD
4TH
6TH
8TH
9TH
BELKNAP
MILLS
7TH
PIER 1
MON
ROE
LAM
AR
CHER
RY
MAC
ON
LAKE
COLL
IER
BALL
INGE
R
SUM
MIT
PENN
FOUR
NIER
FORE
ST P
ARK
11TH
IH 3
3W N
B IH 30 EB
HENDERSON
3RD
5TH
13TH
WEATHERFORD
8TH
TIF: 3 Downtown
TIF: 4 Southside/Medical District
TIF: 6 Riverfront
TIF: 8 Lancaster
TIF: 9 Trinity River Vision
SUNDANCE
SQUARE PLAZA
$50.33
$704.20
$0
$100
$200
$300
$400
$500
$600
$700
$800
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Ashton Hotel
Crescent Garage/ Bass Hall
Chase Building
Family Law Center
The Tower
Pecan Place UTA
Two City Place
Trinity Bluff
Carnegie Building
Marriott TownePlace
Oliver’sCity PlaceGarage/Retail
Westbrook, Commerce Buildings
City’s TIF Contribution TIF Costs Investments Tax Increment
$584.25
$25.69
CassidyBuilding
Millions
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. a
nd T
arra
nt A
ppra
isal
Dis
tric
t
Downtown TIF Costs, Investments and Tax Increment
STATE OF DOWNTOWN FORT WORTH 201552
Ed
uca
tion
9,229 higher education students Downtown in 2015
= future customers
= future workforce
= future residents
Downtown higher education enrollment has grown by 1,227% in 13 years
2003 695
2015 9,229
From Pre-K to MBA, Downtown is the place to learn.
964 K-12 education students Downtown in 2015
Higher Education Fall Semester Enrollment Downtown Fort Worth
770 702
581
730 738
1,590 1,564
1,138
918848
1,000
0
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
20132012 20142011
0
100
200
300
400
500
600
700
800
900
1,000
2013 2014 201520122011
0
1,800
1,600
1,400
1,200
1,000
800
600
400
200
2013 201420122011
6,786 7,808
9,557
10,712 10,757
0
4,000
2,000
6,000
8,000
10,000
12,000
2009 2010 2011 2012 2013 2015 2014
7,237
8,410 8,849
2015
8,774
7,800*
2015
9,229
10,394
Number of students enrolled in higher education campuses in Downtown has increased by 36% since 2009.
53STATE OF DOWNTOWN FORT WORTH 2015
Tarrant County College
Texas A&M School of Law (Formerly Texas Wesleyan)
University of Texas at Arlington Fort Worth Center
Sour
ce: D
ownt
own
Fort
Wor
th, I
nc. S
urve
y of
Dow
ntow
n Ed
ucat
ion
Inst
itutio
ns
Educational Institutions Downtown Fort Worth
FALL 2015 ENROLLMENT
Montessori at Sundance Square 97St. Paul Lutheran School 224Young Women’s Leadership Academy 361Nash Elementary School 282Texas A&M School of Law 581University of Texas at Arlington, Fort Worth Center 848Tarrant County College, Trinity River Campus 7,800Source: Downtown Fort Worth, Inc. Survey of Downtown Education Institutions
10,193 students
in 2015.
*2015 no longer includes online students
Tra
nsp
orta
tion
54
Downtown Fort Worth is a local transit hub, offering excellent access to various transportation options throughout the community and the Dallas-Fort Worth area. The Intermodal Transportation Center (ITC), which opened in 2002, is the central gathering
point for the Greyhound Bus Line, The Fort Worth Transportation Authority (FWTA),
Trinity Railway Express, Amtrak, taxis and the Molly the Trolley shuttle service. Currently,
28 bus routes serve Downtown.
Downtown is home to 19 Bike Share stations. Each year, there are over 41,000 trips on the Bike
Share system. Riders use the bike to go from one place to another within Downtown and travel to
other Bike Share stations throughout the system.
Downtown visitors enjoy 4,300 free parking spaces available after 6 p.m. on weekdays and
all-day on weekends, courtesy of the Downtown Tax Increment Finance District. In addition, The
Tower garage offers first-hour-free parking during daytime hours, as does the City Place garage
for validated guests. There are more than 42,000 Downtown parking spaces.
To inform the public about the many parking options Downtown, a Fort Worth parking website was
created through a partnership between the City of Fort Worth, Downtown Fort Worth, Inc., Fort
Worth Convention & Visitors Bureau and the Historic Stockyards. Fortworthparking.com
allows users to quickly find the nearest parking options.
STATE OF DOWNTOWN FORT WORTH 2015
55STATE OF DOWNTOWN FORT WORTH 2015
55.4% increase in bus ridership since 2006
389,026
Downtown riders for the Trinity Railway Express (2015)
603,553
Molly the Trolley ridership since inception (May 2009)
44 Bike Share stations 19 are in Downtown in 2015
6,937,462
Calories Burned on 41,657 trips taken using Fort Worth’s Bike Share Program in 2015
487,000+ Average daily traffic count on Downtown highways Highways Serving Downtown: • I-35 • I-30 • Hwy 121 • Hwy 287 • Chisholm Trail Parkway
Meacham International Airport, North Texas’s premier general aviation facility, is located just 5 miles from Downtown
Dallas-Fort Worth International Airport • 17 miles from Downtown • 63+ MILLION passengers in
2015 • 149 domestic non-stop
destinations • 58 international destinations • 26 carriers • Approximately 172,000+
passengers daily • Every major city in the
continental United States can be accessed within four hours
fourhours
Tra
nsp
orta
tion
STATE OF DOWNTOWN FORT WORTH 201556
COMING
2018TexRail Commuter
Rail System
Trinity Railway Express Ridership Fiscal Years 2004 – 2015
2.94 2.953.03 3.02
3.49
4.68
2.14
0.0
0.5
1.0
1.5
2.0
2.5
3.0
201220112010200920082007200620052004 2013
2.29
2014
2.16
2015
2.16 2.15
2.4 2.5
2.7 2.65
2.5 2.4 2.3
Millions
Thousands
0
100
200
300
400
500
600
201120102009200820072006200520042003 2012
422 438
460 454 481 491 498
532
571 596
2013
531
2014
537
Millions
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2012201120102009200820072006 2013 147,000
144,000
137,000
143,000
141,000
155,000
175,000
168,000
163,000
177,000
106,000
102,000
106,000
112,000
106,000
63,000
58,000
61,000
59,000
67,000
0 50,000 100,000 150,000 200,000
2007
2008
2009
2010
2011
2012
147,000 174,000
107,000 67,000
2013
140,000175,000
106,00065,297
2014
147,000175,000
106,00059,000
SH 287 SH 121 I-35W I-30
4.49
2014 2015
4.81
4.57
3.09
Sour
ce: F
ort W
orth
Tra
nspo
rtat
ion
Auth
ority
The Trinity Railway Express links Downtown Fort Worth’s T&P and ITC Stations to CenterPort/DFW Airport Station and Downtown Dallas Union Station Monday through Saturday. The airport’s free Remote South shuttle bus service provides continuous connections between the station and airline terminals.
57STATE OF DOWNTOWN FORT WORTH 2015
2.94 2.953.03 3.02
3.49
4.68
2.14
0.0
0.5
1.0
1.5
2.0
2.5
3.0
201220112010200920082007200620052004 2013
2.29
2014
2.16
2015
2.16 2.15
2.4 2.5
2.7 2.65
2.5 2.4 2.3
Millions
Thousands
0
100
200
300
400
500
600
201120102009200820072006200520042003 2012
422 438
460 454 481 491 498
532
571 596
2013
531
2014
537
Millions
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2012201120102009200820072006 2013 147,000
144,000
137,000
143,000
141,000
155,000
175,000
168,000
163,000
177,000
106,000
102,000
106,000
112,000
106,000
63,000
58,000
61,000
59,000
67,000
0 50,000 100,000 150,000 200,000
2007
2008
2009
2010
2011
2012
147,000 174,000
107,000 67,000
2013
140,000175,000
106,00065,297
2014
147,000175,000
106,00059,000
SH 287 SH 121 I-35W I-30
4.49
2014 2015
4.81
4.57
3.09
2.94 2.953.03 3.02
3.49
4.68
2.14
0.0
0.5
1.0
1.5
2.0
2.5
3.0
201220112010200920082007200620052004 2013
2.29
2014
2.16
2015
2.16 2.15
2.4 2.5
2.7 2.65
2.5 2.4 2.3
Millions
Thousands
0
100
200
300
400
500
600
201120102009200820072006200520042003 2012
422 438
460 454 481 491 498
532
571 596
2013
531
2014
537
Millions
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2012201120102009200820072006 2013 147,000
144,000
137,000
143,000
141,000
155,000
175,000
168,000
163,000
177,000
106,000
102,000
106,000
112,000
106,000
63,000
58,000
61,000
59,000
67,000
0 50,000 100,000 150,000 200,000
2007
2008
2009
2010
2011
2012
147,000 174,000
107,000 67,000
2013
140,000175,000
106,00065,297
2014
147,000175,000
106,00059,000
SH 287 SH 121 I-35W I-30
4.49
2014 2015
4.81
4.57
3.09
Annual Ridership for Bus Routes Serving Downtown Fort Worth 2006 – 2015
Average Daily Traffic Count on Selected State and National Highways Serving Downtown Fort Worth
Sour
ce: F
ort W
orth
Tra
nspo
rtat
ion
Auth
ority
Sour
ce: T
exas
Dep
artm
ent o
f Tra
nspo
rtat
ion
Tra
nsp
orta
tion
58 STATE OF DOWNTOWN FORT WORTH 2015
*Zip
cod
es 7
5201
and
752
02 a
re u
sed
for d
ownt
own
Dal
las
Zip
code
787
01 is
use
d fo
r dow
ntow
n Au
stin
So
urce
: US
Cens
us B
urea
u
Means of Transportation to Work: Public Transportation
15.0%
20.0%
25.0%
12.2%
61.9%
92.7%
1.0%
2.9%
1.5%
83.7%
1.4%
10.0%
5.0%
0.0%
6.0%
4.0%
2.0%
0.0%
100.0%
80.0%
60.0%
40.0%Downtown
Austin*DowntownFort Worth
Fort Worth
DowntownFort Worth
Fort Worth
DowntownAustin*
DowntownFort Worth
Fort Worth
21.6%
DowntownDallas*
4.9%
DowntownAustin*
1.8%
DowntownDallas*
61.4%
DowntownDallas*
*Zip
cod
es 7
5201
and
752
02 a
re u
sed
for d
ownt
own
Dal
las
Zip
code
787
01 is
use
d fo
r dow
ntow
n Au
stin
So
urce
: US
Cens
us B
urea
u
Means of Transportation to Work: Walk or Bike
15.0%
20.0%
25.0%
12.2%
61.9%
92.7%
1.0%
2.9%
1.5%
83.7%
1.4%
10.0%
5.0%
0.0%
6.0%
4.0%
2.0%
0.0%
100.0%
80.0%
60.0%
40.0%Downtown
Austin*DowntownFort Worth
Fort Worth
DowntownFort Worth
Fort Worth
DowntownAustin*
DowntownFort Worth
Fort Worth
21.6%
DowntownDallas*
4.9%
DowntownAustin*
1.8%
DowntownDallas*
61.4%
DowntownDallas*
15.0%
20.0%
25.0%
12.2%
61.9%
92.7%
1.0%
2.9%
1.5%
83.7%
1.4%
10.0%
5.0%
0.0%
6.0%
4.0%
2.0%
0.0%
100.0%
80.0%
60.0%
40.0%Downtown
Austin*DowntownFort Worth
Fort Worth
DowntownFort Worth
Fort Worth
DowntownAustin*
DowntownFort Worth
Fort Worth
21.6%
DowntownDallas*
4.9%
DowntownAustin*
1.8%
DowntownDallas*
61.4%
DowntownDallas*
Means of Transportation to Work: Car, Truck or Van
*Zip
cod
es 7
5201
and
752
02 a
re u
sed
for d
ownt
own
Dal
las
Zip
code
787
01 is
use
d fo
r dow
ntow
n Au
stin
So
urce
: US
Cens
us B
urea
u
*Additional categories of Means of Transportation are tracked by the U.S. Census Bureau but are not graphed in this publication.
59STATE OF DOWNTOWN FORT WORTH 2015
2.94 2.953.03 3.02
3.49
4.68
2.14
0.0
0.5
1.0
1.5
2.0
2.5
3.0
201220112010200920082007200620052004 2013
2.29
2014
2.16
2015
2.16 2.15
2.4 2.5
2.7 2.65
2.5 2.4 2.3
Millions
Thousands
0
100
200
300
400
500
600
201120102009200820072006200520042003 2012
422 438
460 454 481 491 498
532
571 596
2013
531
2014
537
Millions
2.00
2.50
3.00
3.50
4.00
4.50
5.00
2012201120102009200820072006 2013 147,000
144,000
137,000
143,000
141,000
155,000
175,000
168,000
163,000
177,000
106,000
102,000
106,000
112,000
106,000
63,000
58,000
61,000
59,000
67,000
0 50,000 100,000 150,000 200,000
2007
2008
2009
2010
2011
2012
147,000 174,000
107,000 67,000
2013
140,000175,000
106,00065,297
2014
147,000175,000
106,00059,000
SH 287 SH 121 I-35W I-30
4.49
2014 2015
4.81
4.57
3.09
Average Daily Traffic Count Selected State and Federal Highways Serving Downtown Fort Worth
Sour
ce: T
exas
Dep
artm
ent o
f Tra
nspo
rtat
ion
All counts were taken
within a radius of 2 miles
from the intersection of
I-30 and I-35W, SH 121
and SH 287 in Downtown
Fort Worth.
Means of Transportation to Work: Walk or Bike
*Zip
cod
es 7
5201
and
752
02 a
re u
sed
for d
ownt
own
Dal
las
Zip
code
787
01 is
use
d fo
r dow
ntow
n Au
stin
So
urce
: US
Cens
us B
urea
u
Downtown Parking Availability
Parking spaces 41,866
Parking meters 1,967
Free evening and weekend parking spaces
2,826
Free daytime 1-hour parking spaces
300
Free daytime 2½-hour spaces with validation
164
Source: Downtown Fort Worth, Inc.
Construction began in 2013 on a $1.6 billion project to rebuild 10 miles of I-35W from north of I-30 to North Tarrant Parkway to double the existing capacity by adding four toll managed lanes, auxiliary lanes and some frontage roads.
60
PID
Ad
viso
ry B
oard
60
Jed Wagenknecht Chair Downtown Fort Worth Blackstone Courtyard
Rita Aves Stream Realty/Oil & Gas Building
Carma Bohannon Holt Lunsford/Mallick Tower
Johnny Campbell Sundance Square
Sabrina Carter Starpoint Commercial Properties, LLC/The Tower
Gary Cumbie The Cumbie Consultancy
Ryan Delaney Hines Interests, L.P./Pier 1 Imports Building
Jim Finley Finley Resources Inc.
Dave Fulton Hilton Fort Worth Hotel
Taylor Gandy Ron Investments, Ltd
Suzan Greene ONCOR Electric Delivery
Marie Holliday, DMD Flowers to Go in Sundance Square
Chris Jeans XTO Energy
Julie Jones Chesapeake Energy Corporation
John Klukan The Worthington Renaissance Fort Worth Hotel
Walter Littlejohn The Fort Worth Club
Michelle Lynn Building Owners & Managers Association
Renee Massey Red Oak Realty
Allison Millington TIER REIT/Burnett Plaza
Tom Struhs Struhs Construction
Joy Webster MorningStar Oil & Gas
STATE OF DOWNTOWN FORT WORTH 2015
Downtown Fort Worth, Inc. Publications
Annual Report Commercial Market Report Downtown Dashboard Downtown Retail Profile In View Residential Focus State of Downtown
Information Sources
City of Fort Worth CoStar Downtown Fort Worth, Inc. ESRI Federal Housing Finance Agency Fort Worth Convention & Visitors Bureau Fort Worth Transportation Authority Nash Elementary School National Association of Realtors North Texas Real Estate Information System, Inc. Office of Governor, Economic Development and Tourism Smith Travel Research St. Paul’s Lutheran School Tarrant County Appraisal District Tarrant County Clerk Tarrant County College Texas A&M Real Estate Center
Texas A&M School of Law Texas Comptroller of Public Accounts Texas Department of Transportation Texas Workforce Commission The North Central Texas Council of Governments U.S. Bureau of Economic Analysis U.S. Bureau of Labor Statistics U.S. Census Bureau U.S. Department of Commerce University of Texas at Arlington Young Women’s Leadership Academy
Downtown Fort Worth, Inc. Staff
Andrew Taft President
Matt Beard Director of Public Improvement Districts
Cleshia Butler Administrative Assistant
Jay Downie Event Producer
Becky Fetty Director of Membership and Marketing
Candice Fry Accounting Assistant
Diana Hahn Program and Production Manager
Brandi Huckabee Controller
Melissa Konur Director of Planning
Arrie Mitchell Director of Research
Carole Robinson Executive Assistant/Office Manager
Taylor Qualls Marketing and Special Projects Manager
CreditsDowntown Fort Worth, Inc. is especially grateful to the following organizations and individuals for their assistance in producing the State of Downtown publication:
Carmen Escalante Research Specialist Texas Comptroller of Public Accounts
Phil Dupler Service Planner Fort Worth Transportation Authority
Andrea Timbes CRM Analyst Fort Worth Convention & Visitors Bureau
Susan White Planning and Development Department City of Fort Worth
Brad Patrick, RPA Director – BPP, Utilities & Minerals Department Tarrant County Appraisal District
Special thanks to Fort Worth Convention & Visitors Bureau, Brian Luenser, Geno Loro, and Sundance Square for their photography.
PMS 286
777 Taylor Street, Suite 100
Fort Worth, Texas 76102
817.870.1692 | www.dfwi.org
#DowntownFortWorth
Downtown Fort Worth is a remarkable place and DFWI members make it even better.
You are invited to be a part of Downtown,become a member today!
Have a question?Becky Fetty