2014 Economic Forecast: Mike Berry President Hillwood Properties
-
date post
22-Sep-2014 -
Category
Real Estate
-
view
600 -
download
0
description
Transcript of 2014 Economic Forecast: Mike Berry President Hillwood Properties
Strategic Advantages
2014 Economic Forecast Mike Berry President
Hillwood Properties
Strategic Advantages
Strategic Advantages
2014 Economic Forecast: Year of the Rebound? Presented by Mike Berry
President, Hillwood Properties
November 6, 2013 October 25, 2013
Strategic Advantages Regional Growth Trends
D/FW METROPLEX
§ Fourth-largest population center nationally with
approximately 6.5 million residents
§ Metroplex workforce is approximately 3 million
§ Projected 1.5 to 2.0 million in population growth over next
decade.
§ Fifth-largest metropolitan economy in the United States with a
$401 billion GDP that outpaces Venezuela, Thailand and
Denmark (Source: IHS Global Insight)
§ $15 billion of highway construction underway in North Texas
Strategic Advantages
Multifamily 3Q12 3Q13 % Change
Existing Units 649,164 662,037 1.98%
Vacancy 6.20% 5.60% -9.68%
New Deliveries (Units) 6,501 12,873 98.02%
Absorption (Units) 10,146 15,934 57.05%
MULTIFAMILY SECTOR
Real Estate Growth Trends
Strategic Advantages
Office 3Q12 3Q13 % Change
Existing SF 339,072,504 340,691,359 .48%
Vacancy 16.00% 15.00% -6.25%
New Deliveries YTD (SF) 1,423,592 1,963,800 37.95%
Absorption (SF) 2,456,693 3,875,388 57.75%
OFFICE SECTOR
Real Estate Growth Trends
Strategic Advantages
Retail 3Q12 3Q13 % Change
Existing SF 372,074,288 374,543,184 0.66%
Vacancy 8.40% 7.60% -9.52%
New Deliveries YTD (SF) 1,854,426 1,877,493 1.24%
Absorption (SF) 3,436,903 3,411,436 -0.74%
RETAIL SECTOR
Real Estate Growth Trends
Strategic Advantages
Industrial 3Q12 3Q13 % Change
Existing SF 779,028,445 782,778,360 0.48%
Vacancy 8.80% 7.80% -11.36%
New Deliveries YTD (SF) 372,322 2,089,793 461.29%
Absorption (SF) 8,574,106 7,382,427 -13.90%
INDUSTRIAL/MANUFACTURING SECTOR
Real Estate Growth Trends
Strategic Advantages Fast Growing Submarkets
FW CBD 20 min.!
DFW Airport 20 min.
18,000 ACRES, MASTER PLANNED – 35,000 JOBS
Overview
Denton 20 min.
Strategic Advantages
AllianceTexas Corporate Base
DEVELOPMENT STATISTICS
§ $7.71 billion invested
§ $43.74 billion economic impact
§ 32.7 million+ SF developed
§ 344 corporate residents
§ 65 companies listed on the Fortune 500,
Global 500 or Forbes’ Top List of Private Firms
§ 35,000+ employees
§ Fastest growing area of the nation’s fastest
growing metropolitan city (500,000+)
§ Population of 1.5 million within 15 miles of
Fort Worth Alliance Airport
Overview ECONOMIC ENGINE TO NORTH TEXAS
Strategic Advantages Alliance Gateway
17 MILLION SQUARE FEET DEVELOPED
Strategic Advantages Alliance Center
3.6 MILLION SQUARE FEET DEVELOPED
Strategic Advantages Westport at Alliance
5 MILLION SQUARE FEET DEVELOPED
Photo Date 6.28.13
ALLIANCE TOWN CENTER – MASTER DEVELOPMENT PLAN
Alliance Town Center
1.4 MILLION SQUARE FEET DEVELOPED
FIVE GUYS®
BURGERS and FRIES
TheBoardroom
Salon for MenSalon for Men
Strategic Advantages ALLIANCE TOWN CENTER NORTH
Alliance Town Center
Hillwood Commons I
Strategic Advantages
Automotive Consumer Goods/ Services
Pharmaceutical/ Health Care
Logistics Aerospace/ Aviation
Electronics
Corporate Residents
INDUSTRY CLUSTERS
Strategic Advantages
1.1M SF
2,000 Jobs
E-Commerce Fulfillment
788,000 SF 1,000 Jobs
E-Commerce Fulfillment
1.3M SF
500 Jobs
Manufacturing
445,000
2,000 Jobs
Manufacturing
New Growth
Strategic Advantages Impact of the Panama Canal
WHAT WILL IT MEAN FOR TEXAS?
§ Expansion delayed until 2015
§ Port of Houston well-positioned
§ Potential for North Texas growth due to inland
port capabilities
§ Strong potential for more export; specifically
energy section
Strategic Advantages Other Things to Watch
§ Constitutional Amendments – Proposition 6 Water
§ Transportation Funding Initiatives – November 2014
§ Continued Growth of E-Commerce Fulfillment Activity
§ Continued Growth of Manufacturing Activity
Strategic Advantages
2014 Economic Forecast: Year of the Rebound? Presented by Mike Berry
President, Hillwood Properties
November 6, 2013 October 25, 2013