Friday, January 22, 2010

Dallas Urban Core Market Data

















 2009 will likely be remembered and studied for some time to come as one of the most challenging economic periods in modern history. The market is at a point of increasing vacancy rates, low new construction, low absorption, low employment and negative rental rate growth. Below is a snap shot of the Dallas Urban Core Commercial Real Estate Market Data.


Dallas CBD
  • Office inventory - 35,745,390 SQ. FT.
  • Vacancy Rate - 21.20%
  • Vacancy- 7,578,023 SQ. FT.
  • AVG Annual Net Absorp. 2006-2009 - 16,097 SQ. FT.
  • Total Under Construction - 2010-2013- (0) SQ. FT. 
  • Forecast AVG Net Absorp. 2010-12 - (143,333) SQ. FT. 
  • Total Value Change - (15%)
  • Est Years to Balance - 10

CBD Office
  • Cap Rates - 8.5%
  • Discount Rate - 9.5%
  • Reversion Rate - 8.75%
  • Anticipated Market Rent Changes - (1.5%)
  • Anticipated Expense Growth - 3%
  • Tenant Finish Allowance - $20
Neighborhood Strip
  • Cap Rates - 8.25%
  • Discount Rate - 9.25%
  • Reversion Rate - 8.5%
  • Anticipated Market Rent Changes - (1%)
  • Anticipated Expense Growth - 3%
  • Tenant Finish Allowance - $15
Office/Warehouse
  • Cap Rates - 8.5%
  • Discount Rate - 9%
  • Reversion Rate - 8.75%
  • Anticipated Market Rent Changes - 1.5%
  • Anticipated Expense Growth - 2.75%
  • Tenant Finish Allowance - $3
CBD Lodging
  • Cap Rates - 9.5%
  • Discount Rate - 10.5%
  • Reversion Rate - 9.75%
  • Anticipated Market Rent Changes - 0
  • Anticipated Expense Growth - 3%
  • Tenant Finish Allowance - $0
Urban Multifamily
  • Cap Rates - 7.75%
  • Discount Rate - 9.25%
  • Reversion Rate - 7.75%
  • Anticipated Market Rent Changes - 0
  • Anticipated Expense Growth - 3%
  • Tenant Finish Allowance - $0