News
Will Oil Prices Impact DFW Real Estate?
February 12, 2015
CBRE research indicates falling oil prices aren't going to have a big impact on DFW’s economy, so there’s no need to fret. The energy industry accounts for just 0.9% of total DFW employment and energy tenants represent less than 2.2% of total occupied office space. The Fort Worth CBD has the highest concentration of energy tenants at 10%, which includes national gas companies, as well as oil exploration tenants. LBJ Freeway is a distant second at 4.4%. The Dallas Morning News reports that the Lewisville/Denton markets and Preston Center also have concentrations of energy companies, but are still less than 4% share of the office market. Downtown Dallas is around 2.3%.
