2014 economic forecast: mike berry president hillwood properties
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2014 Economic Forecast: Mike Berry President Hillwood Properties, October 25, 2013TRANSCRIPT
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Strategic Advantages
2014 Economic Forecast Mike Berry President
Hillwood Properties
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Strategic Advantages
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Strategic Advantages
2014 Economic Forecast: Year of the Rebound? Presented by Mike Berry
President, Hillwood Properties
November 6, 2013 October 25, 2013
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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
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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
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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
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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
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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
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Strategic Advantages Fast Growing Submarkets
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FW CBD 20 min.!
DFW Airport 20 min.
18,000 ACRES, MASTER PLANNED – 35,000 JOBS
Overview
Denton 20 min.
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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
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Strategic Advantages Alliance Gateway
17 MILLION SQUARE FEET DEVELOPED
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Strategic Advantages Alliance Center
3.6 MILLION SQUARE FEET DEVELOPED
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Strategic Advantages Westport at Alliance
5 MILLION SQUARE FEET DEVELOPED
Photo Date 6.28.13
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ALLIANCE TOWN CENTER – MASTER DEVELOPMENT PLAN
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Alliance Town Center
1.4 MILLION SQUARE FEET DEVELOPED
FIVE GUYS®
BURGERS and FRIES
TheBoardroom
Salon for MenSalon for Men
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Strategic Advantages ALLIANCE TOWN CENTER NORTH
Alliance Town Center
Hillwood Commons I
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Strategic Advantages
Automotive Consumer Goods/ Services
Pharmaceutical/ Health Care
Logistics Aerospace/ Aviation
Electronics
Corporate Residents
INDUSTRY CLUSTERS
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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
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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
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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
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Strategic Advantages
2014 Economic Forecast: Year of the Rebound? Presented by Mike Berry
President, Hillwood Properties
November 6, 2013 October 25, 2013