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Sources: STR, Smith Travel Research, TCPA, Texas Comptroller of Public Accounts, TABC, Texas Alcoholic Beverage Commission Updated February 29, 2016 Questions: [email protected]
March 2016
Economic Indicators Source Period Current
Period
Previous
Period
Same Period
Last Year
Change From
Same Period
Last Year
Apartment Occupancy Rate DFWI 4Q 15 96.3% 95.10% 96.5% -0.2%
Average Residential Rent DFWI 4Q 15 $1,747 $1,742 $1,681 3.9%
Average Residential Rent / SF DFWI 4Q 15 $1.70 $1.68 $1.59 6.9%
Total Existing Rental Units DFWI 4Q 15 2,166 2,166 2,166 0.0%
Rental Units Under Construction DFWI 4Q 15 164 164 164 0.0%
Median Residential Sales Price MLS 4Q 15 $264,300 $242,450 $212,450 24.4%
Median Residential Sales Price ($/SF) MLS 4Q 15 $240 $234 $169 42.0%
Number of Condos Sold (YTD) MLS 4Q 15 99 63 99 0.0%
Number of Condos Under Construction DFWI 4Q 15 11 11 11 0.0%
Total Existing Condos / Townhomes DFWI 4Q 15 926 926 926 0.0%
Direct Office Occupancy Rate DFWI/CoStar 4Q 15 90.7% 89.90% 86.4% 4.3%
Average Class A Office Rent / SF DFWI/CoStar 4Q 15 $28.67 $28.37 $28.74 -0.2%
Average Class B Office Rent / SF DFWI/CoStar 4Q 15 $19.20 $19.69 $20.59 -6.8%
Office Space Leased (SF, YTD) DFWI/CoStar 4Q 15 394,788 282,250 787,492 -49.9%
Net Office Absorption (SF) DFWI/CoStar 4Q 15 70,786 72,314 60,850 16.3%
Retail Occupancy Rate DFWI/CoStar 4Q 15 96.0% 94.90% 92.7% 3.3%
Retail Trade Gross Sales TCPA 2Q 15 $71,789,777 $40,106,260 $43,572,034 64.8%
Accommodation and Food Services Sales TCPA 2Q 15 $46,760,300 $46,699,588 $45,678,561 2.4%
Full Service Restaurants Gross Sales TCPA 2Q 15 $27,245,002 $27,062,540 $26,193,928 4.0%
Mixed Beverages Gross Sales (YTD) TABC JAN-16 $4,681,680 $30,272,601 $4,812,378 -2.7%
Fort Worth Business Cycle Index Federal Reserve JAN-16 360.2 360.4 352.2 2.3%
Transportation
T Ridership, Routes Serving CBD The T 1Q 15 1,263,949 1,383,326 1,346,245 -6.1%
TRE Ridership @ ITC The T 1Q 15 51,658 56,425 58,119 -11.1%
TRE Ridership @ T&P The T 1Q 15 44,072 46,768 44,979 -2.0%
Hospitality
Hotel Occupancy Rate (YTD) STR FEB-16 69.0% 65.6% 74.5% -7.4%
Average Hotel Room Rate (YTD) STR FEB-16 $166.47 $162.66 $171.55 -3.0%
Average Hotel RevPar (YTD) STR FEB-16 $114.89 $106.74 $127.73 -10.1%
Hotel Room Supply (YTD) STR FEB-16 156,468 82,212 156,468 0.0%
Hotel Room Demand (YTD) STR FEB-16 107,987 53,946 116,503 -7.3%
Hotel Room Revenue (YTD) STR FEB-16 $17,976,819 $8,775,066 $19,986,205 -10.1%
Total Hotel Occupancy Taxes Paid (YTD) TCPA 4Q 15 $15,603,947 $15,603,947 $15,864,783 -1.6%
Sources: STR, Smith Travel Research, TCPA, Texas Comptroller of Public Accounts, TABC, Texas Alcoholic Beverage Commission Updated August 16, 2015 Questions: [email protected]
October 2015
Economic Indicators Source Period Current
Period
Previous
Period
Same Period
Last Year
Change From
Same Period
Last Year
Apartment Occupancy Rate DFWI 3Q 15 95.10% 97.80% 94.70% 0.40%
Average Residential Rent DFWI 3Q 15 $1,742 $1,743 $1,706 2.11%
Average Residential Rent / SF DFWI 3Q 15 $1.68 $1.69 $1.61 4.35%
Total Existing Rental Units DFWI 3Q 15 2,166 2,166 2,166 0.00%
Rental Units Under Construction DFWI 3Q 15 164 164 0 164
Median Residential Sales Price MLS 3Q 15 $242,450 $300,450 $189,950 27.64%
Median Residential Sales Price ($/SF) MLS 3Q 15 $234 $241 $179 30.73%
Number of Condos Sold (YTD) MLS 3Q 15 36 32 32 -31.90%
Number of Condos Under Construction DFWI 3Q 15 11 11 0 11
Total Existing Condos / Townhomes DFWI 3Q 15 926 926 926 0.00%
Direct Office Occupancy Rate DFWI/CoStar 3Q 15 89.90% 89.60% 85.90% 4.66%
Average Class A Office Rent / SF DFWI/CoStar 3Q 15 $28.37 $28.48 $38.73 -26.75%
Average Class B Office Rent / SF DFWI/CoStar 3Q 15 $19.69 $19.78 $20.47 -3.81%
Office Space Leased (SF, YTD) DFWI/CoStar 3Q 15 282,250 197,357 564,731 -50.02%
Net Office Absorption (SF) DFWI/CoStar 3Q 15 72,314 104,520 48,967 47.68%
Retail Occupancy Rate DFWI/CoStar 3Q 15 94.90% 94.80% 92.60% 2.30%
Retail Trade Gross Sales TCPA 1Q 14 $40,106,260 $60,127,429 $33,298,594 20.44%
Accommodation and Food Services Sales TCPA 1Q 14 $46,699,588 $46,768,772 $43,929,443 6.31%
Full Service Restaurants Gross Sales TCPA 1Q 14 $27,062,540 $27,637,450 $25,015,823 8.18%
Mixed Beverages Gross Sales (YTD) TABC Aug-15 $34,323,944 $30,272,601 $34,808,327 -1.39%
Fort Worth Business Cycle Index Federal Reserve Aug-15 354.4 355 344.6 2.84%
Transportation
T Ridership, Routes Serving CBD The T 1Q 15 1,263,949 1,383,326 1,346,245 -6.1%
TRE Ridership @ ITC The T 1Q 15 51,658 56,425 58,119 -11.1%
TRE Ridership @ T&P The T 1Q 15 44,072 46,768 44,979 -2.0%
Hospitality
Hotel Occupancy Rate (YTD) STR Sept-15 70.90% 70.90% 70.10% 1.14%
Average Hotel Room Rate (YTD) STR Sept-15 $165.68 $164.70 $162.55 1.93%
Average Hotel RevPar (YTD) STR Sept-15 $117.51 $116.73 $113.89 3.18%
Hotel Room Supply (YTD) STR Sept-15 723,996 644,436 724,114 -0.02%
Hotel Room Demand (YTD) STR Sept-15 513,490 456,732 507,363 1.21%
Hotel Room Revenue (YTD) STR Sept-15 $85,077,310 $75,225,431 $82,470,363 3.16%
Total Hotel Occupancy Taxes Paid (YTD) TCPA 3Q 15 $8,101,813 $4,082,801 $8,290,610 -2.28%
Sources: STR, Smith Travel Research, TCPA, Texas Comptroller of Public Accounts, TABC, Texas Alcoholic Beverage Commission Updated August 16, 2015 Questions: [email protected]
July 2015
Economic Indicators Source Period Current
Period
Previous
Period
Same Period
Last Year
Change From
Same Period
Last Year
Apartment Occupancy Rate DFWI 2Q 15 97.8% 96.9% 94.6% 3.20%
Average Residential Rent DFWI 2Q 15 $1,743 $1,705 $1,670 4.4%
Average Residential Rent / SF DFWI 2Q 15 $1.69 $1.65 $1.53 10.5%
Total Existing Rental Units DFWI 2Q 15 2,166 2,166 1,886 14.8%
Rental Units Under Construction DFWI 2Q 15 164 164 280 116
Median Residential Sales Price MLS 2Q 15 $300,450 $219,150 $239,000 25.7%
Median Residential Sales Price ($/SF) MLS 2Q 15 $241 $240 $194 24.2%
Number of Condos Sold (YTD) MLS 2Q 15 32 20 47 -31.9%
Number of Condos Under Construction DFWI 2Q 15 11 11 0 11
Total Existing Condos / Townhomes DFWI 2Q 15 926 926 926 0.0%
Direct Office Occupancy Rate DFWI/CoStar 2Q 15 89.6% 87.3% 85.7% 4.6%
Average Class A Office Rent / SF DFWI/CoStar 2Q 15 $28.48 $28.83 $28.88 -1.4%
Average Class B Office Rent / SF DFWI/CoStar 2Q 15 $19.78 $20.99 $20.65 -4.2%
Office Space Leased (SF, YTD) DFWI/CoStar 2Q 15 76,631 58,894 313,118 -75.5%
Net Office Absorption (SF) DFWI/CoStar 2Q 15 56,489 83,319 -14,292 495.2%
Retail Occupancy Rate DFWI/CoStar 2Q 15 94.8% 93.5% 93.7% 1.10%
Retail Trade Gross Sales TCPA 4Q 14 $60,127,429 $53,726,099 $50,455,710 19.2%
Accommodation and Food Services Sales TCPA 4Q 14 $46,768,772 $41,582,454 $41,548,887 12.6%
Full Service Restaurants Gross Sales TCPA 4Q 14 $27,637,450 $24,081,514 $32,496,859 -15.0%
Mixed Beverages Gross Sales (YTD) TABC June-15 $26,403,147 $22,608,091 $27,063,850 -2.4%
Fort Worth Business Cycle Index Federal Reserve June-15 352.1 350.8 340.1 3.5%
Transportation
T Ridership, Routes Serving CBD The T 1Q 15 1,263,949 1,383,326 1,346,245 -6.1%
TRE Ridership @ ITC The T 1Q 15 51,658 56,425 58,119 -11.1%
TRE Ridership @ T&P The T 1Q 15 44,072 46,768 44,979 -2.0%
Hospitality
Hotel Occupancy Rate (YTD) STR June-15 71.9% 73.0% 70.9% 1.4%
Average Hotel Room Rate (YTD) STR June-15 $165.96 $169.70 $162.63 2.0%
Average Hotel RevPar (YTD) STR June-15 $119.26 $123.87 $115.28 3.5%
Hotel Room Supply (YTD) STR June-15 562,224 400,452 562,342 0.0%
Hotel Room Demand (YTD) STR June-15 404,040 292,315 398,622 1.4%
Hotel Room Revenue (YTD) STR June-15 $67,053,493 $49,605,494 $64,828,084 3.4%
Total Hotel Occupancy Taxes Paid (YTD) TCPA 2Q 15 $4,082,801 $15,864,783 $4,241,858 -3.7%
Sources: STR, Smith Travel Research, TCPA, Texas Comptroller of Public Accounts, TABC, Texas Alcoholic Beverage Commission Updated July 15, 2015 Questions: [email protected]
May 2015
Updated July 2015
Economic Indicators Source Period Current
Period
Previous
Period
Same Period
Last Year
Change From
Same Period
Last Year
Apartment Occupancy Rate DFWI 2Q 15 97.8% 96.9% 94.6% 3.20%
Average Residential Rent DFWI 2Q 15 $1,743 $1,705 $1,670 4.4%
Average Residential Rent / SF DFWI 2Q 15 $1.69 $1.65 $1.53 10.5%
Total Existing Rental Units DFWI 2Q 15 2,166 2,166 1,886 14.8%
Rental Units Under Construction DFWI 2Q 15 164 164 280 116
Median Residential Sales Price MLS 2Q 15 $300,450 $219,150 $239,000 25.7%
Median Residential Sales Price ($/SF) MLS 2Q 15 $241 $240 $194 24.2%
Number of Condos Sold (YTD) MLS 2Q 15 32 20 47 -31.9%
Number of Condos Under Construction DFWI 2Q 15 11 11 0 11
Total Existing Condos / Townhomes DFWI 2Q 15 926 926 926 0.0%
Direct Office Occupancy Rate DFWI/CoStar 2Q 15 89.6% 87.3% 85.7% 4.6%
Average Class A Office Rent / SF DFWI/CoStar 2Q 15 $28.48 $28.83 $28.88 -1.4%
Average Class B Office Rent / SF DFWI/CoStar 2Q 15 $19.78 $20.99 $20.65 -4.2%
Office Space Leased (SF, YTD) DFWI/CoStar 2Q 15 76,631 58,894 313,118 -75.5%
Net Office Absorption (SF) DFWI/CoStar 2Q 15 56,489 83,319 -14,292 495.2%
Retail Occupancy Rate DFWI/CoStar 2Q 15 94.8% 93.5% 93.7% 1.10%
Retail Trade Gross Sales TCPA 4Q 14 $60,127,429 $53,726,099 $50,455,710 19.2%
Accommodation and Food Services Sales TCPA 4Q 14 $46,768,772 $41,582,454 $41,548,887 12.6%
Full Service Restaurants Gross Sales TCPA 4Q 14 $27,637,450 $24,081,514 $32,496,859 -15.0%
Mixed Beverages Gross Sales (YTD) TABC May-15 $22,573,612 $17,716,976 $22,737,755 -0.7%
Fort Worth Business Cycle Index Federal Reserve May-15 353.3 353.0 338.6 4.3%
Transportation
T Ridership, Routes Serving CBD The T 1Q 15 1,263,949 1,383,326 1,346,245 -6.1%
TRE Ridership @ ITC The T 1Q 15 51,658 56,425 58,119 -11.1%
TRE Ridership @ T&P The T 1Q 15 44,072 46,768 44,979 -2.0%
Hospitality
Hotel Occupancy Rate (YTD) STR May-15 73.0% 73.5% 70.6% 3.4%
Average Hotel Room Rate (YTD) STR May-15 $169.70 $169.61 $163.68 3.7%
Average Hotel RevPar (YTD) STR May-15 $123.87 $124.66 $115.48 7.3%
Hotel Room Supply (YTD) STR May-15 400,452 318,240 400,570 0.0%
Hotel Room Demand (YTD) STR May-15 292,315 233,905 282,619 3.4%
Hotel Room Revenue (YTD) STR May-15 $49,605,494 $39,671,628 $46,258,399 7.2%
Total Hotel Occupancy Taxes Paid (YTD) TCPA 2Q 15 $4,082,801 $15,864,783 $4,241,858 -3.7%
Sources: STR, Smith Travel Research, TCPA, Texas Comptroller of Public Accounts, TABC, Texas Alcoholic Beverage Commission Updated March 20, 2015 Questions: [email protected]
March 2015
Economic Indicators Source Period Current
Period
Previous
Period
Same Period
Last Year
Change From
Same Period
Last Year
Apartment Occupancy Rate DFWI 4Q 14 96.5% 94.9% 95.2% 1.4%
Average Residential Rent DFWI 4Q 14 $1,681 $1,706 $1,652 1.8%
Average Residential Rent / SF DFWI 4Q 14 $1.59 $1.61 $1.50 6.0%
Total Existing Rental Units DFWI 4Q 14 2,166 2,166 1,886 14.8%
Rental Units Under Construction DFWI 4Q 14 164 164 280 -41.4%
Median Residential Sales Price MLS 4Q 14 $212,450 $189,950 $171,500 23.9%
Median Residential Sales Price ($/SF) MLS 4Q 14 $169 $179 $185 -8.6%
Number of Condos Sold (YTD) MLS 4Q 14 99 79 63 57.1%
Number of Condos Under Construction DFWI 4Q 14 11 11 0 11
Total Existing Condos / Townhomes DFWI 4Q 14 926 926 926 0.0%
Direct Office Occupancy Rate DFWI/CoStar 4Q 14 86.4% 85.9% 85.2% 1.4%
Average Class A Office Rent / SF DFWI/CoStar 4Q 14 $28.74 $28.73 $29.23 -1.7%
Average Class B Office Rent / SF DFWI/CoStar 4Q 14 $20.59 $20.76 $19.38 6.2%
Office Space Leased (SF, YTD) DFWI/CoStar 4Q 14 787,492 567,182 664,255 123,237
Net Office Absorption (SF) DFWI/CoStar 4Q 14 60,850 54,967 -127,268 188,118
Retail Occupancy Rate DFWI/CoStar 4Q 14 92.7% 92.6% 92.6% 0.1%
Retail Trade Gross Sales TCPA 2Q 14 $43,572,034 $33,269,268 $24,419,339 78.4%
Accommodation and Food Services Sales TCPA 2Q 14 $45,678,561 $44,050,004 $40,871,938 11.8%
Full Service Restaurants Gross Sales TCPA 2Q 14 $26,193,928 $25,911,926 $22,743,973 15.2%
Mixed Beverages Gross Sales (YTD) TABC Jan-15 $4,559,090 $52,963,206 $4,348,749 4.8%
Fort Worth Business Cycle Index Federal Reserve Jan-15 349.9 348.1 332.5 5.2%
Transportation
T Ridership, Routes Serving CBD The T 4Q 14 1,383,326 1,447,134 1,247,645 10.9%
TRE Ridership @ ITC The T 4Q 14 56,425 60,606 52,269 8.0%
TRE Ridership @ T&P The T 4Q 14 46,768 46,824 41,153 13.6%
Hospitality
Hotel Occupancy Rate (YTD) STR Dec-14 69.0% 70.1% 67.3% 2.5%
Average Hotel Room Rate (YTD) STR Dec-14 $161.71 $162.34 $154.68 4.5%
Average Hotel RevPar (YTD) STR Dec-14 $111.54 $114.11 $104.03 7.2%
Hotel Room Supply (YTD) STR Dec-14 968,098 885,886 957,061 1.2%
Hotel Room Demand (YTD) STR Dec-14 667,764 620,902 643,708 3.7%
Hotel Room Revenue (YTD) STR Dec-14 $107,983,710 $100,999,543 $99,565,729 8.5%
Total Hotel Occupancy Taxes Paid (YTD) TCPA 3Q 14 $11,707,326 $8,290,610 $10,955,977 6.9%
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