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STATE of DOWNTOWN 2015

Downtown Fort Worth 2015 State of Downtown

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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

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Page 1: Downtown Fort Worth 2015 State of Downtown

STATE of DOWNTOWN

2015

Page 2: Downtown Fort Worth 2015 State of Downtown

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

Page 3: Downtown Fort Worth 2015 State of Downtown

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

Page 4: Downtown Fort Worth 2015 State of Downtown

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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

Page 5: Downtown Fort Worth 2015 State of Downtown

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

Page 6: Downtown Fort Worth 2015 State of Downtown

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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

Page 7: Downtown Fort Worth 2015 State of Downtown

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

Page 8: Downtown Fort Worth 2015 State of Downtown

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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

Page 9: Downtown Fort Worth 2015 State of Downtown

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

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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

Page 10: Downtown Fort Worth 2015 State of Downtown

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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

Page 11: Downtown Fort Worth 2015 State of Downtown

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

Page 12: Downtown Fort Worth 2015 State of Downtown

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an

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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

Page 13: Downtown Fort Worth 2015 State of Downtown

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

Page 14: Downtown Fort Worth 2015 State of Downtown

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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

Page 15: Downtown Fort Worth 2015 State of Downtown

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

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13STATE OF DOWNTOWN FORT WORTH 2015

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Metro Area Class B Office Rental Rates ($/SF)

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Metro Area Class A Office Rental Rates ($/SF)

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$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

Page 17: Downtown Fort Worth 2015 State of Downtown

Energy Efficient Office Space Downtown Fort Worth

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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

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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

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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

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$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

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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

Page 19: Downtown Fort Worth 2015 State of Downtown

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

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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

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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.

Page 21: Downtown Fort Worth 2015 State of Downtown

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.

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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

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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

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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

Page 24: Downtown Fort Worth 2015 State of Downtown

STATE OF DOWNTOWN FORT WORTH 201522

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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

Page 25: Downtown Fort Worth 2015 State of Downtown

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

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Marital Status Downtown Fort Worth

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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

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ESPN in Sundance Square

Page 27: Downtown Fort Worth 2015 State of Downtown

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

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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

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STATE OF DOWNTOWN FORT WORTH 201526

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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

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Page 29: Downtown Fort Worth 2015 State of Downtown

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.

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Kent Lofts Rendering

Page 30: Downtown Fort Worth 2015 State of Downtown

STATE OF DOWNTOWN FORT WORTH 201528

Pop

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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

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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

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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

Page 31: Downtown Fort Worth 2015 State of Downtown

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

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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

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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.

Page 32: Downtown Fort Worth 2015 State of Downtown

STATE OF DOWNTOWN FORT WORTH 201530

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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

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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

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The Tower Pool

Page 33: Downtown Fort Worth 2015 State of Downtown

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

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Average Apartment Rent Per Square Foot Downtown Fort Worth

Average Apartment Rent Downtown Fort Worth

Page 34: Downtown Fort Worth 2015 State of Downtown

STATE OF DOWNTOWN FORT WORTH 201532

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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

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2,532 units currently planned

or under construction.

Pinnacle Bank Place

Page 35: Downtown Fort Worth 2015 State of Downtown

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

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Construction at Pier 1 Building making way for 345 rental units

Page 36: Downtown Fort Worth 2015 State of Downtown

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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

Page 37: Downtown Fort Worth 2015 State of Downtown

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%

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Downtown Dallas

Downtown Fort Worth

USA

55 % 60 % 65 % 70 % 75 %

65.6%

70.0%

64.9 %

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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%

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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

Page 38: Downtown Fort Worth 2015 State of Downtown

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

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LAM

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MAC

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BALL

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FOUR

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11TH

IH 3

5W N

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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

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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

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PECAN

ELMTERRY

CRUMP

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HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

6TH

8TH

9TH

BELKNAP

MILLS

7TH

MON

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MAC

ON

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COLL

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BALL

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SUM

MIT

PENN

FOUR

NIER

FORE

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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

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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

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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

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Hotels in Downtown Fort Worth generate 39.9% of

all annual hotel occupancy taxes

in the city.

Page 39: Downtown Fort Worth 2015 State of Downtown

IH 35W SB IH 3

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12TH

LANCASTER

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

RIO GRANDE

DAGGETT

BROAD WAY

WENNECA

14TH

15TH

SUNS

ET

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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

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RY

MAC

ON

LAKE

COLL

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BALL

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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

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PEACH

BLUFF

1ST2ND

TAYLOR

THROCKMORTON

MAIN

COMM

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PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

6TH

8TH

9TH

BELKNAP

MILLS

7TH

MON

ROE

LAM

AR

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MAC

ON

LAKE

COLL

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BALL

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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

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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

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Tabachin Ribbon

Page 41: Downtown Fort Worth 2015 State of Downtown

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)

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STATE OF DOWNTOWN FORT WORTH 2015

RevPAR in Downtown Fort Worth

was 50.2% higher than the

national average.

Page 42: Downtown Fort Worth 2015 State of Downtown

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

Page 43: Downtown Fort Worth 2015 State of Downtown

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

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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

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over

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s

Top Import Partners for Texas Goods

Page 44: Downtown Fort Worth 2015 State of Downtown

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

Page 45: Downtown Fort Worth 2015 State of Downtown

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

Page 46: Downtown Fort Worth 2015 State of Downtown

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

Page 47: Downtown Fort Worth 2015 State of Downtown

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

Page 48: Downtown Fort Worth 2015 State of Downtown

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

Page 49: Downtown Fort Worth 2015 State of Downtown

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

Page 50: Downtown Fort Worth 2015 State of Downtown

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

Page 51: Downtown Fort Worth 2015 State of Downtown

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

Page 52: Downtown Fort Worth 2015 State of Downtown

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

Page 53: Downtown Fort Worth 2015 State of Downtown

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

Page 54: Downtown Fort Worth 2015 State of Downtown

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

Page 55: Downtown Fort Worth 2015 State of Downtown

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

Page 56: Downtown Fort Worth 2015 State of Downtown

Tra

nsp

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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

Page 57: Downtown Fort Worth 2015 State of Downtown

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

Page 58: Downtown Fort Worth 2015 State of Downtown

Tra

nsp

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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.

Page 59: Downtown Fort Worth 2015 State of Downtown

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

Page 60: Downtown Fort Worth 2015 State of Downtown

Tra

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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.

Page 61: Downtown Fort Worth 2015 State of Downtown

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.

Page 62: Downtown Fort Worth 2015 State of Downtown

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

Page 63: Downtown Fort Worth 2015 State of Downtown

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.

Page 64: Downtown Fort Worth 2015 State of Downtown

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

[email protected]