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In a battle for the best retail market in Texas, Austin and Dallas can each boast of strong markets. California's Living Spaces chose Austin for its first Texas location, a massive 500K SF furniture showroom and distribution center that opened in May in the northeast Austin suburb of Pflugerville, and St. Elmo Public Market, the city's first artisan food marketplace, is under construction in South Austin. Up the road in Dallas, the North Texas region added more than 580K SF of new retail deliveries during the second quarter as swift population growth and a robust jobs market fueled demand for more shops and restaurants. The DFW metro added 146,000 new residents last year, more than any other metro. So which is the best retail market? 
If the battle is fought purely on four key statistical data points, we'd have to say Austin. Here is a quick glance at Austin's and Dallas' retail statistics in Q2 as provided by CBRE, along with some analysis on the…
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Trammell Crow And Elmtree Tapped For Build-To-Suit Immigration Center
Trammell Crow and ElmTree Funds have formed a venture to construct a 260K SF building in Irving that the federal government will use to consolidate three Dallas-Fort Worth immigration and citizenship service centers. The General Services Administration signed a 20-year lease for…
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Gen Z Takeover: Developers Are No Longer Building With Just Millennials In MindApartment rental ad of the future: one-bedroom, one-bath available. Materials sustainably sourced and eco-friendly. Construction workers were treated humanely while on job site. Welcome to Generation Z's influence on commercial real estate. Multifamily and coworking locations will be earth-friendly. Increased food delivery demands will require larger commercial kitchens. Retail spots will become a place to do something rather than buy something. The next generation of consumers is already influencing the next phase of real estate. Generation Z has been defined as anyone who is born after 1996. The eldest Gen Zers are now 22, coming into adulthood and beginning to have purchasing power. |
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HQ2 Shortlist Contenders Are Hiding Faults With Multibillion-Dollar Incentives, Boston Developers SayOne Amazon HQ2 contender is banking on brains trumping tax break brawn. Some regions on Amazon's HQ2 shortlist have passed multibillion-dollar incentive plans to woo the Seattle-based company. But an economic development bill passed by the Massachusetts General Court before the conclusion of its 2018 legislative session did not include Gov. Charlie Baker's proposed provision for an additional $20M in annual tax credits for companies planning “extraordinary” job-creating opportunities. |
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Healthcare Wants To Need Real Estate LessThe healthcare industry is in a bind: Providers bear more of the cost of care than ever before, rendering them less able to keep up with the constant real estate demands of the industry. “The incredible pressure that all of this is putting on facilities to maximize effectiveness, coupled with the environment we're in now where construction cost is escalating again — we're starting to see the fringes of a new era of house calls," Array Architects principal Kent Doss said. "Home care is starting to become more prevalent, and it puts even more pressure on the facilities we construct to be hyper-efficient.” |
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