State of Downtown 2013

STaTe of DoWnToWn

2013

ForewordWelcome to our ninth edition of the State of Downtown report. This publication is produced by

Downtown Fort Worth, Inc. (DFWI) and Fort Worth Improvement District #1 (PID) to help communicate the underlying economic trends shaping our center city.

Downtown Fort Worth continued its outstanding momentum in 2013. Office rental rates bested national averages and hospitality measures did the same. Retail remained strong and residential sales and leasing activity saw dramatic acceleration.

The State of Downtown is your window into the economic forces shaping our center city. The data presented in the State of Downtown is compiled throughout the year by DFWI’s Director of Research. In addition, quarterly and monthly updates for certain market segments are available upon request and at www.dfwi.org.

Your thoughts on how to improve this publication are welcome, and we encourage you to share your insights with us.

On behalf of Downtown Fort Worth, Inc. and Fort Worth Improvement District #1, thank you for your interest in Downtown.

Jack Clark Chairman

Fort Worth Improvement District #1 (PID)

Johnny Campbell Chairman of the Board Downtown Fort Worth, Inc.

Table of ContentsYear in Review .................................................. 2

office and employment ...................................10

Population and Housing ...................................20

Hospitality ........................................................38

Retail ................................................................44

Quality of Life ..................................................52

education .........................................................56

Transportation .................................................58

PID advisory Board ..........................................64

arrie Mitchell Director of Research

Downtown Fort Worth, Inc.In the early 1980s, Fort Worth began the urban revitalization of its Downtown central business district. The goal for Downtown was to be a center city bustling with activity morning, noon and night, both during the workweek and on weekends. To provide a private-sector voice for this revitalization effort, Downtown Fort Worth, Inc. (DFWI) was established by a handful of concerned property owners in December 1981.

Since its inception, DFWI has evolved into a significant advocate for progress and excellence. This membership-based organization has contributed to Downtown Fort Worth’s vitality by serving as a liaison, ombudsman and information source for property owners, developers and prospective businesses.

Every 10 years, DFWI partners with the City of Fort Worth and the Fort Worth Transportation Authority (The T) to update the Downtown Strategic Action Plan. This plan is incorporated into the City’s comprehensive plan and implemented through a series of committees and public/private partnerships. The City of Fort Worth approved Plan 2023 in December 2013.

DFWI expanded its management role in 1986 by establishing Fort Worth Improvement District #1 (PID) to provide enhanced services to 335 blocks within Downtown Fort Worth. Due to the PID’s ongoing success, in 2009 PID #1 was re-established for a 20-year period and PID #14 was created.

In 1988, Downtown Fort Worth, Inc. formed Downtown Fort Worth Initiatives, Inc. (DFWII). This 501(c)(3) nonprofit organization provides a pathway for foundation grants, philanthropic donations and other contributions to help fund charitable, educational and public-purpose Downtown projects.

In 1995, DFWI championed the creation of the Downtown Tax Increment Financing (TIF) District. The TIF is managed by DFWI through a contract with the TIF Board of Directors. The TIF Board approved an increase in the lifetime cap to $100 million, which the City Council approved in September 2013. The TIF has leveraged and obligated $69 million in public commitments into $433 million in private-sector investment and generated more than a half-billion dollars in tax increment.

Through the programs of DFWI, members take an active role in the management of, and advocacy for, the center city. Several standing committees and special task forces work to fulfill the organization’s mission of creating a vibrant, healthy and attractive center in which to work, live and play.

1state of downtown fort worth 2013

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state of downtown fort worth 2013

1,206 acres

1.8 square miles

1,468 Downtown businesses

5,709 Downtown residents

3,172 residential units

2,642 hotel rooms

35,907 private employees

44,755 Downtown employees (all jobs)

$74,906 average private payroll per employee

At $2,689,653, Downtown generates a larger payroll (8.9%) than any other employment center in the county, contributing

18.5 times its geographic weight in private payroll

10 MILLION square feet of office space

$2.9 BILLION in gross sales from all Downtown industries in 2012

$77,799,863 property taxes paid in 2013

$22,792,952 property taxes paid to the City of Fort Worth in 2013

$7,037,824 property taxes paid to Tarrant County in 2013

$14,561,600 hotel taxes paid in 2013

$88,936,032 sales taxes paid in 2012 12.3% of the city’s taxable sales are transacted in Downtown

Downtown contributes 10.0 times its geographic weight in sales tax.

$181,411,730 Downtown property, hotel and sales taxes paid in 2012

$1,511,054,399 total taxes paid Downtown 1992-2012

DOWNTOWN BY THE NUMBERS

Downtown Fort Worth is a 1.875-square-mile high- performing submarket, in the fastest growing metropolitan area in the state. With more than 44,000 employees, Downtown Fort Worth is the largest employment center in Tarrant County. Private payroll generated in Downtown exceeds $2.6 billion per year, the highest among employment centers in the county.

The labor force in Fort Worth grew by 16.5% from December 2007 (pre-recession) to December 2013. This is 23.6 times faster than the national labor force, which grew at 0.7%. Downtown Fort Worth grew 1.4 times faster than Texas at 11.7%. Over this same period, Fort Worth added 46,188 jobs, increasing its work force by 15.3%. During the same period, Texas increased its work force by 10.0%, while the national employment force has decreased by 1.2%.

Change in Unemployment

U.S. Unemployment

December rate 6.7%Dec. 2012 – Dec. 2013 change -1.2Texas Unemployment

December rate 6.0%Dec. 2012 – Dec. 2013 change -0.2Fort Worth Unemployment

December rate 5.4%Dec. 2012 – Dec. 2013 change -0.4

Sources: City of Fort Worth, Tarrant County, U.S. Census Bureau, State of Texas

2

The Fort Worth area’s annual employment growth rate from 2012 to 2013 was 2.0% compared to 1.0% for the nation. The unemployment rate for the City of Fort Worth was 5.4% in December 2013, significantly lower than the national rate of 6.7%.

In addition to a healthy labor market, Downtown Fort Worth’s economy performed exceptionally well in 2013, outperforming the local and national economy in many segments of the office, residential, hospitality and retail markets. The Dallas-Fort Worth-Arlington metropolitan area’s population grew from 5,161,544 in 2000 to 6,647,496 in 2012. 16.6% of this regional growth is attributed to Fort Worth.

Trini

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6,113

51,521

0

20,000

40,000

60,000

Dallas Fort Worth

Job Growth from December 2007 to December 2013Employment: Employment in Fort Worth grew by 16.3% from pre-recession December 2007 to December 2013. In Dallas it grew by 1%.Source: Texas Workforce Commission

Contribution of Fort Worth to Regional GrowthPopulation: From 2000 to 2012, 33.9% of regional population growth (for cities with more than 100,000) occurred in Fort Worth. Dallas contributed 3%.Source: U.S. Census Bureau

Arlington 5.5% Carrollton 1.8%

Denton 5.6% Dallas 3.0%

Frisco 13.5%

Garland 1.9%

Grand Prairie 7.6%

Irving 4.1%

McKinney 12.6%

Mesquite 2.4%

Plano 6.7%

Richardson 1.3%

Fort WorthFort Wort

h 3

3.9

%

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Office: The office and retail space markets in Downtown Fort Worth absorbed nearly 500,000 square feet of office space in 2013 while occupancy remained on par with the national average. Occupancy for class A office space in Downtown Fort Worth in 2013 was 82.9%, compared to a national average occupancy of 87.2%. In 2013, 84.7% of all Downtown Fort Worth office space was occupied. A positive net absorption of 132,200 square feet was reported in 2013, compared to 2,600 square feet of office space in 2012 and a negative absorption of 7,400 square feet in 2011. A large percentage of the space in the multi-tenant office market is occupied by tenants of less than 4,000 square feet. This has a stabilizing influence on the market. In 2012 and 2013, more than 70% of the leasing activity occurred with firms of that size.

Leasing Activities, Share of Market SpaCe (SF) 2012 2013

<4,000 71% 74%4,001 – 10,000 21% 17%>10,001 8% 9%Source: CoStar

Sour

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6.7%

7.3%

8.5%

6.3%

6.9%

8.1%

6.3%

6.7%

7.6%

6.0%

6.5%

7.1%

6.5%

6.9%

7.3%

6.9%

7.2%

7.8%

6.6%

6.9%

7.7%

6.2%

6.5%

7.3%

6.1%

6.7%

7.0%

5.9%

6.4%

7.0%

5.6%

6.1%

6.6%

5.4%

5.9%

6.5%

5.0%

6.0%

5.5%

6.5%

7.5%

7.0%

8.0%

8.5%

9.0%

Jan-1

3

Feb-1

3

Mar-13

Apr-13

May-13

Jun-1

3

Jul-1

3

Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Dallas USA Fort Worth

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Unemployment Rate in 2013

All Office Space Occupancy

4Q 2013Class A Office Space Occupancy

4Q 2013Retail Space Occupancy

4Q 2013

88.5% 86.5%

50%

60%

70%

80%

90%

100%

USA Fort Worth Fort Worth Fort Worth

87.2% 84.3%

USA

93.4% 93.7%

USA


4.4%

6.3% 6.1%

9.6%

6.1% 6.1%

15.1%

5.6% 5.7%

7.4%

6.1%

10.4% 10.5%

7.5%

9.5%

5.6% 6.8% 6.9%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

Austin

Boston

Charlo

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Chicag

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Columbu

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Dallas

Detroit

Fort W

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Indian

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Jack

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Los A

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Memph

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New Yo

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Philad

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San Anto

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San Dieg

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San Fr

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San Jo

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6.2% 5.2%

Unemployment Rate Among 20 Largest U.S. Cities November 2013

Employment Growth December 2013 Over December 2012

2.4%

2.0%

1.0%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

Dallas Fort Worth USA

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Residential: Development remained strong in Downtown, with an additional 280 rental units nearing completion. Lincoln Property Company has 256 units under construction at the north end of Downtown. The Knights of Pythias redevelopment will bring 18 rental units to the Hillside neighborhood, with a mix of market-rate and affordable units at 80% of the area median income. Six penthouse apartments are currently under construction in the Cassidy building in Sundance Square at 407 Throckmorton. The addition of 280 rental units will bring the total inventory to 2,526 apartments. The multifamily average rent in Downtown Fort Worth increased 1.5% in 2013 to $1,662 and apartment occupancy averaged 95.3% in 2013.

The average days on market for condominiums and townhomes in Downtown Fort Worth decreased to 99 days. Through the fourth quarter of 2013, the median price for a Downtown residential unit sold through the MLS system was $190,000, which is down slightly compared to the 2012 median price of $212,000.

Average Days on Market for Condominiums and Townhomes

Average Apartment Rental Rates and Average Occupancy Rates

Sour

ces:

Nat

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of R

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86

103

95

120

103

142

150

166

126

230

101

220

0

50

100

150

200

250

2007 2008 2009 2010 2011 2012 2013

70

99

USA Fort Worth

$1,557 $1,561

$1,531

$1,573

$1,637

$1,662

95.5% 95.4%

94.8%

94.5%

95.3%

93.6%

$1,700

$1,650

$1,600

$1,550

$1,500

$1,450

98.0%

97.0%

96.0%

95.0%

94.0%

93.0%

92.0%

91.0%

90.0%2008 2009 2010 2011 2012 2013

Average Rental Rates Average Occupancy


Hospitality: The Downtown hotel market, which virtually doubled in rooms in late 2008, continued to perform well above national market and other large markets in the Dallas-Fort Worth metropolitan area. The occupancy rate in 2013 was 67.3%, higher than the national average of 62.3%. Revenue per available room (RevPAR) was $104.05, significantly above the national average at $68.69.

Downtown hotel revenue grew moderately during the national recession and showed accelerated growth with the addition of the Omni Hotel in 4Q 2008. Hotel occupancy taxes paid in Downtown set an all-time record of $3,756,943 in 1Q 2013.

Downtown’s share of the city’s hotel occupancy taxes grew from 25.7% at the beginning of the recession to 37% at the end, a 44% increase in six quarters. While 20% of all hotel rooms are Downtown, more than 40% of all hotel occupancy taxes were paid in Downtown.

Hotels in Downtown Fort Worth generate 40% of all annual

hotel occupancy taxes in the city.

4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13

31.7%

37.3%

37.6%

40.3%

39.3%

40.9%

38.8%

38.4% 41.1%

44.8%

40.8%

39.0%

37.6%

43.7%

39.8%

41.3%

40.8%

42.3%

39.2% 39.2%

15.0%

25.0%

20.0%

30.0%

35.0%

40.0%

45.0%

50.0%

Hotel Occupancy Taxes Paid Downtown’s Share as percentage of City’s Hotel Occupancy Revenue

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$4,000

$2,076

$2,494

$2,793 $2,809 $2,832

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Thousands

$3,674

$3,259 $3,272

$2,803

$3,581 $3,391

$3,574 $3,757 $3,659

$2,523 $2,473

$2,801

$3,330 $3,540

$2,841

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Hotel Occupancy Taxes Paid Downtown Fort Worth

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Retail: The Downtown retail market continues to perform well. The first two quarters of 2013 have maintained the peak levels obtained in 2012 with some of the strongest sectors being Accommodation and Food Services, Clothing Stores, Limited-Service Eating Places and Food and Beverage Stores.

Retail occupancies maintained a robust rate of 93% in existing space. The average rent for retail space in Downtown was $22.69 per square foot. In addition, Downtown added 50,000 square feet of retail space in the new Commerce and Westbrook buildings in Sundance Square and at the newly renovated One City Place.

Change in Gross Sales 2Q 2013 over 2012

4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%

USA Downtown Fort Worth

3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%


3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%


3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


Retail Trade

Clothing Stores

Limited-Service eating places

4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%


3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%


3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


4.7%

4.8%

4.7%

4.7%

4.8%

4.8%

4.9%


3.9%

15.6%

0.0%

5.0%

10.0%

15.0%

20.0%


7.5%

1.5%

0.0%

2.0%

4.0%

6.0%

8.0%


0.7%

12.3%

0.0% 2.0% 4.0% 6.0% 8.0%

10.0% 12.0% 14.0%


0.9%

181.6%

0.0%

50.0%

100.0%

150.0%

200.0%


-22.4%

-8.8%

-20.0%

-25.0%

-15.0%

-10.0%

-5.0%

0.0%


Drinking places

Manufacturing

Non-Residential Construction Sour

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Cumulative Value of Building Permits Downtown Fort Worth, 2003 – 2013

$270

$394 $482

$613

$752

$956

$1,064

$1,171 $1,223

$1,374 $1,446

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Millions

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New Class A Office Buildings Downtown Fort Worth

Project Square Feet

One City Place/ 300 Throckmorton

328,125

Westbrook/425 Houston 80,607Commerce/420 Commerce 66,000


We’ve got what you’re looking for!Downtown Fort Worth has over 10 MILLION square feet of multitenant office space, with 50 square

feet of retail space for every 1,000 square feet of office space. Downtown has maintained

an average office occupancy of 92.1% since 2006 while increasing our

inventory by 6.1%.

Office Space Added to the Marketclass a:425,908 SF/ 8.5% of inventory

class a multitenant office rental rate increased by 8.7% since 2011

44,755 jobs in Downtown

1,468 businesses$2.7 BILLIoN in private payroll

82.4%

89.0%

90.9%

93.2% 94.9%

96.2%

92.9%

90.9%

92.5%

89.5% 88.1%

92.0%

75%

80%

85%

90%

95%

100%

7.5

8.0

8.5

9.0

9.5

10.0

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Inventory Occupancy Million

square feet

Office Inventory and Occupancy Rate Downtown Fort Worth

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There are 14 Class A office buildings totaling 5,459,085 square feet, with an average rental rate of $29.23 per square foot. In addition, there are 43 class B office buildings with a total rentable building area of 3,729,050 square feet and a rental rate of $20.58 per square foot.

Eighteen Fortune 500 companies are headquartered in the Dallas-Fort Worth metropolitan area with total revenue exceeding $794 Billion.

Class A Office Buildings

Burnett Plaza 1,024,600777 Main 954,895D.R. Horton Tower 820,509Wells Fargo 716,533Chesapeake Plaza 460,000Two City Place 312,525One City Place 306,470Carnegie 280,000Chase Bank 201,901Cash America 135,293Cantey Hanger 84,113The Westbrook 70,478Commerce Building 61,770The Tower 30,000Source: CoStar


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Office Occupancy Rate Fourth quarter 2013

Class A Office Occupancy Rates Downtown Fort Worth

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75.4

%

73.6

%

73.7

%

73.7

%

73.3

%

92.9

%

90.9

%

92.5

%

89.5

%

92.0

%

88.2

%

86.9

%

88.6

%

87.7

%

88.1

%

74.5

% 84

.7%

97.9

%

0%

20%

40%

60%

80%

100%

2008 2009 2010 2011 2012 2013

Dallas CBD Fort Worth CBD US

-291.0

375.7

153.0

165.1

301.5

-223.5

168.4

-7.4

2.6

-337.3

241.3

114.7

-90.2

-614.7

-887.6

-139.6

170.7132.2

-1,200

2005

2006

2007

2008

2009

2010

2011

2012

2013

0 200 400 600 -600 -400 -200 800 -800-1,000

Downtown Dallas Downtown Fort Worth

Thousand Square Feet

Net Absorption of Office Space

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92.2%

94.2%

97.4%

92.7%

92.3% 93.0%

87.3%

93.2% 93.7% 94.8%

82.9%

70%

75%

80%

85%

90%

95%

100%

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

425,908 sq ft of class a multi-

tenant office space added

in 2013.


0%

10%

20%

30%

40%

50%

2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012

Dallas LBJ Expressway Irving/Las Colinas Richardson/Plano Dallas Uptown

0%

10%

20%

30%

40%

50%

2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012

12.7% 6.8%

6.3%

5.2%

17.1%

17.3%

19.5%

20.3% 21.1%

24.7%

25.1%

24.0%

23.2%

22.4%

23.3%

24.4%

24.0%

23.9% 16.4%

19.2%

17.9%

15.8%

13.3% 19.6%

20.7%

22.3%

20.1%

10.1% 18.3%

22.6%

16.8% 11.4%

8.6%

Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway

22.5%

23.1%

23.9%

24.7%

25.3%

2013 2013 2013 2013

2013 2013 2013 2013

18.7% 23.3%

Metro Area Class A Office Vacancy Rates

0%

10%

20%

30%

40%

50%

2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012

2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012

12.9%

13.5%

15.2%

16.8% 14.1% 23.3%

22.9%

19.6% 19.4%

18.5%


21.5%

22.6%

23.2%

24.9%

25.7% 9.9%

0%

10%

20%

30%

40%

50%

20.0%

18.8%

17.8%

17.7%

20.0%

18.8%

17.8% 12.0%

17.7%

15.9%

19.3%

15.1%

10.9%


9.1%

7.5%

10.5%

8.0% 15.3%

14.9%

23.8%

26.2%

26.1%

26.7%

25.5%

Metro Area Office Vacancy Rates

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Metro Area Class A Office Rental Rates ($/SF)

Metro Area Class B Office Rental Rates ($/SF)

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$10

$15

$20

$25

$30

$35

$10

$15

$20

$25

$30

$35

2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012


2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012


2013 2013 2013 2013

2013 2013 2013 2013

$27.98

$27.42

$26.90

$28.44

$29.23

$22.92

$22.19

$22.01

$21.91

$17.32

$18.50

$18.31 $17.51

$19.73

$19.60

$19.09

$19.20

$20.04

$18.90 $21.81

$21.20

$21.32

$21.83

$22.78 $21.37

$21.60

$20.79

$21.49

$22.29

$30.26

$29.53

$29.80

$30.55

$31.39

$20.54

$20.41

$20.45

$20.94

$22.81 $23.14

$10

$15

$20

$25

$30

$10

$15

$20

$25

$30

2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012


2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012 2009 2010 2011 2012


2013 2013 2013 2013

2013 2013 2013 2013

$18.79

$19.04

$19.18

$19.38

$20.58$18.85

$17.94

$18.15

$18.12

$18.37

$18.28

$14.23

$13.63 $13.77 $16.22

$14.21

$15.97

$15.65

$15.72

$15.34

$15.98

$19.39

$18.59

$18.31

$18.31

$19.17 $18.46

$17.45

$16.97

$17.77 $22.82

$21.34 $22.96

$24.09

$25.45

$16.11 $14.41

$16.17

$17.02

$17.97


Energy Efficient Office Space Downtown Fort Worth

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Million square feet

5,319,302

2,499,927

22,880

2,796,495

0

1

2

3

4

5

6

Total Energy Efficient Space

Energy Star Certified

LEED Certified (Gold)

LEED Certified (Silver)

Average Office Rental Rates Downtown Fort Worth

$21.12

$26.08

$29.20 $29.03 $30.20

$27.98 $27.42 $26.90

$28.44 $29.23

$16.08 $17.02

$18.13 $18.37

$21.12

$18.79 $19.04 $19.15 $19.38

$20.58

$15

$20

$25

$30

$35

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Class A Class B

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$22.29

$24.06

$22.78

$22.41

$29.23

$26.65

$31.39

$18.31

$32.52

$18.90

$23.14

$22.81

$18.28

$18.84

$19.17

$17.19

$20.58

$19.47

$25.45

$13.77

$23.72

$15.98

$18.37

$17.97

$0 $5 $10 $15 $20 $25 $30 $35

Richardson/Plano

Mid-Cities

Irving/Las Colinas

Fort Worth Northeast

Downtown Fort Worth

Dallas Far North

Dallas Uptown

Dallas Stemmons Freeway

Dallas Preston Center

Dallas LBJ

Dallas Central Expressway

Downtown Dallas

Class A Class B

Unemployment Rates in 2013

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8.5%

8.1%

7.6%

7.1%

7.3%

7.8%7.7%

7.3%

7.0% 7.0%

6.6% 6.5%

7.3%

6.9%6.7%

6.5%

7.2%

6.9%

6.5%6.4%

6.1%5.9%

6.7%

6.3% 6.3%

6.0%

6.5%

6.9%

6.6%

6.2%6.1%

5.9%

5.6%5.4%

5%

6%

7%

8%

9%

10%

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13

Dallas Fort WorthUSA

6.7%

6.9%


National Office Statistics 4Q 2013average aSkINg

reNtoveraLL

vacaNcy rate

Atlanta $18.85 15.0%

Austin $27.94 9.3%

Boston $21.11 9.6%

Chicago $23.45 14.2%

Dallas/Fort Worth $20.55 14.8%

Denver $22.03 11.4%

Houston $25.43 11.4%

Los Angeles $29.19 12.3%

New York $52.35 8.3%

Philadelphia $21.10 11.2%

Phoenix $20.30 18.3%

Seattle $26.80 10.2%

Washington, DC $34.21 14.1%Source: CoStar

Business Profile Number of Businesses per Category Downtown Fort Worth

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48

4

25

44

84

376

104

87

32

44

40

86

1

241

7

43

25

85

92

0 50 100 150 200 250 300 350 400

Wholesale Trade

Utilities

Transportation

Retail Trade

Real Estate

Professional, Scientific, and Technical Services

Other Services

Mining

Manufacturing

Management of Companies

Information

Health Care

Forestry, Fishing

Finance and Insurance

Education Services

Construction

Arts, Entertaiment, and Recreation

Administrative and Support

Accommodation and Food Services

Major Private Employers Downtown Fort WorthemPLoyer NumBer oF

emPLoyeeS

XTO Energy 1,753RadioShack 900Pier One Imports 750AT&T 622Cash America 577Oncor Electric 350Jacobs 337General Motors Financial Company

315

Fort Worth Star-Telegram 261Quicksilver Resources 252Source: Downtown Fort Worth, Inc. survey

total private employees: 35,907

total number of businesses: 1,468

annual payroll: $2,689,653,000


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Current Residence of Downtown Employees

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Inflow of Employees to Downtown Area: 55,847

Downtown ResidentsWho Work Downtown: 497

Outflow of Downtown AreaResidents to Work: 3,112


Downtown, the Southside and the Westside combined generate $5,017,735,000 in annual payroll. Downtown Fort Worth has the highest number of employees and generates the largest payroll among all of the employment centers in the county.

$37,143

$74,906

$55,693

$0

$20,000

$40,000

$60,000

$80,000

Cultural District Downtown Medical District

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Current Residence of Downtown Fort Worth Employees cities with greater than 700 employees

Number of Downtown Fort Worth employees who live in:

Fort Worth 19,055

Arlington 4,924Dallas 1,818North Richland Hills

1,224

Mansfield 886Benbrook 842Haltom City 821Grand Prairie 807Burleson 805Bedford 794Keller 720 Count by City 5,001 – 20,000 2,001 – 5,000 700 – 2,000

Average Payroll Per Employee in Private Sector

ZIP coDe (SuBmarket)PrIvate Sector

emPLoyeeS PayroLLPayroLL Per

emPLoyee

76102 (Downtown) 35,907 $2,689,653,000 $74,906

76104 (Medical District) 26,847 $1,495,190,000 $55,693

76107 (Cultural District) 22,424 $832,892,000 $37,143



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Lifestyle 42.5

%

Employment 12.7%

Other 4.6%

Central location 15.2%

Employment and lifestyle 4.9%

Lifestyle and central location 11.1%

Employment, lifestyle and central location 8.9%

Reason for Living Downtown

Lifestyle was selected as the primary reason for living Downtown by 54.4% of condo/townhome owners

and 36.7% of apartment renters.

Living the Downtown lifestyle!Downtown Fort Worth is currently experiencing a residential renaissance as individuals and families

embrace an urban lifestyle. Ranked by the U.S. Census Bureau as America’s 16th-largest city,

Fort Worth’s population has grown 46% since 2000 to the current population of 758,738 (U.S.

Census Bureau). The city added 24,285 residents from 2011 to 2012, a 3.2% growth in one year.

Much of Fort Worth’s population increase is attributed to the region’s diversified economy, strong

regional business clusters, relatively low land cost, land availability, a revitalized and growing Downtown

and rejuvenated central-city neighborhoods.


Very unsafe 0.3%Unsafe 2.9%

Very Safe

Safe

Neighborhood Safety Downtown Fort Worth

Maintained 94.8% average apartment occupancy since 2006, while increasing inventory by 57%.

Density of 3,578 residents per square mile in Downtown (1,442 housing units/sq mile)

City of Fort Worth density of 2,221 residents per square mile (882 housing units/sq mile)

$190,000 Median sale price of Downtown condos/townhomes purchased in 2013

11.5% increase in average apartment rent since 2006 – $1,467/2006 to $1,635/today

$4 MILLION: top Downtown condo sale21% of condo sales in Fort Worth were located in Downtown

$125,000 median household income of a Downtown condo owner

$100,000 median Downtown

household income double the national median household income

16.2% of Downtown residents have a doctoral degree

1,258 Residential rental units planned or under construction

Average days on market for Downtown condos

and townhomes decreased 71.3% from 4Q 2012 to 4Q 2013

Residents perceive Downtown as safe.

• 96.8% of residents rated their neighborhood as safe or very safe.

• 100% of residents feel safe or very safe walking in Downtown during the day.

• 87.1% of residents feel safe or very safe walking Downtown after sunset.

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price of a home in Fort Worth was $135,100, compared to $227,200 in Austin and $197,800 in Dallas. The median home price in the U.S. was $198,000.

Currently, there are 926 owner-occupied units in Downtown, up 887 units, since 2003. The median sale price of a home in Downtown Fort Worth is $190,000 (4Q 2013). The days on market for condos has dropped 55% to 99 days from 2012 to 2013.

The rental market remained at historically high occupancy. Currently, there are 2,246 units in Downtown with monthly rents ranging from $710 to $5,320 (4Q 2013). The occupancy rate of rental units in Downtown has stayed above 90% since 2006. Although 369 units became available in 1Q 2010, occupancy remained above 93% since 2010 and averaged 95.3% in 2013. During the national recession that lasted from December 2007 through June 2009, apartment occupancy in Downtown never declined below 92% in any quarter.

Top Ten State Population Gain July 1, 2012 through July 1, 2013

73,777

75,002

75,475

76,088

76,521

78,909

99,696

232,111

332,643

387,397

0 100,000 200,000 300,000 400,000 500,000

New York

Washington

Virginia

Georgia

Arizona

North Carolina

Colorado

Florida

California

Texas

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Fastest-Growing Metropolitan Areas Population Added 2011–2012

55,715

55,916

60,110

72,208

77,847

84,169

99,895

120,184

125,602

127,326

0 20,000 40,000 60,000 80,000 100,000 120,000 140,000

Phoenix-Mesa-Glendale, AZ

San Francisco-Oakland-Fremont, CA

Riverside-San Bernardino-Ontario, CA

Atlanta-Sandy Springs-Marietta, GA

Miami-Fort Lauderdale-Pompano Beach, FL

Washington-Arlington-Alexandria, DC-VA-MD-WV

New York-Northern New Jersey-Long Island, NY-NJ-PA

Los Angeles-Long Beach-Santa Ana, CA

Houston-Sugar Land-Baytown, TX

Dallas-Fort Worth-Arlington, TX

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The Dallas- Fort Worth

Metropolitan area population grew by

540,238 from 2007 – 2012.


Top Ten State Population Gain July 1, 2012 through July 1, 2013

Regional City Population Change 2000 – 20122000 2012 % ChAnge

Austin, TX 656,562 842,595 28.3%Baton Rouge, LA 227,818 230,040 1.0%Dallas, TX 1,188,580 1,241,108 4.4%El Paso, TX 563,662 672,534 19.3%Fort Worth, TX 534,694 782,027 46.3%

Houston, TX 1,953,631 2,161,686 10.6%Little Rock, AR 183,133 196,530 7.3%Oklahoma City, OK 506,132 599,309 18.4%San Antonio, TX 1,144,646 1,383,194 20.8%Shreveport, LA 200,145 201,878 0.9%Tulsa, OK 393,049 394,098 0.3%Source: U.S. Census Bureau

Regional City Change in Median Family Income 2000 – 2012CiTy 2012 2000 % ChAnge

Austin, TX $63,023 $54,091 25.8%Baton Rouge, LA $49,378 $40,266 22.6%Dallas, TX $43,804 $40,921 7.0%El Paso, TX $46,770 $35,432 32.0%Fort Worth, TX $60,489 $42,939 40.9%

Houston, TX $48,122 $40,443 19.0%Little Rock, AR $58,873 $47,446 24.1%Oklahoma City, OK $55,846 $42,689 30.8%San Antonio, TX $51,698 $41,331 25.1%Shreveport, LA $46,236 $37,126 24.5%Tulsa, OK $50,460 $44,518 13.3%USA $62,527 $50,046 24.9%Source: U.S. Census Bureau


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$182,539 $196,099

$154,610

$231,872 $221,608

$255,456

$160,025

$129,724

$172,029

$193,510 $189,699

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Atlanta Boston Chicago Dallas Fort Worth Houston Los Angeles Miami New York Philadelphia Washington, DC

2014 National Cost of Living Equivalent Cities with population greater than 500,000Austin $53,702Baltimore $66,023Boston $81,130Charlotte $54,982Chicago $67,048Columbus $50,562Dallas $55,295Denver $60,155Detroit $55,451El Paso $53,221Fort Worth $55,000

Houston $56,401Jacksonville $55,028Las Vegas $57,618Los Angeles $75,256Memphis $49,334Milwaukee $58,718New York $128,808Oklahoma City $52,063Philadelphia $70,112Phoenix $55,318Portland $68,033San Antonio $50,887San Diego $75,488San Francisco $94,134San Jose $87,397Seattle $68,137Tucson $54,704Washington, DC $82,612Source: CNN-Money

income required to enjoy the same

standard of living as a family in Fort Worth

earning $55,000 per year.

Home Price Stability Among Top 10 Most Populous Metropolitan Areas 3Q 2013 Value of a $200,000 home Purchased in 1Q 2007

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3.0 3.1 3.3 3.3 3.4 3.5 3.4

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2006 2007 2008 2009 2010 2011

Austin

2.9 3.5 3.5 3.6 3.6 3.3 3.2

2006 2007 2008 2009 2010 2011

Baltimore

8.2 7.6 6.6

5.8 6.1 6.5 6.2

2006 2007 2008 2009 2010 2011

Boston

2.2 2.2 2.1 2.2 2.2 2.2 1.9

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2006 2007 2008 2009 2010 2011

Fort Worth

3.0 3.1 3.0 3.0 2.9 2.5 2.4

2006 2007 2008 2009 2010 2011

Jacksonville

10.2 10.0 9.0 8.7 8.3 8.6 8.4

2006 2007 2008 2009 2010 2011

2012 2012 2012

2012 2012 2012

San Francisco

Lessaffordable

Moreaffordable

Lessaffordable

Moreaffordable

Home Affordability in Selected Comparable Cities Ratio of Median home Price to Median Family income

how to read this chart: housing cost = 3.5 x income

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Median Home Price December 2013

$227,200

$197,800

$146,100$135,100

$187,600 $171,100 $198,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Austin Dallas El Paso Fort Worth Houston San Antonio USA

$68,023

$43,804 $46,770

$60,489

$48,122 $51,698

$62,527

$0

$20,000

$40,000

$60,000

$80,000

Austin Dallas El Paso Fort Worth Houston San Antonio USA

Median Family Income 2012

Fort Worth has the lowest median home price among Texas cities with population greater than 500,000.

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Fort Worth Residential Population:

The Downtown Fort Worth residential population is becoming younger, wealthier and better educated and has grown at an annual rate of 7.2% since 2007. Currently, 5,709 people live in the central core and 6,440 in the greater Downtown area. DFWI has conducted three surveys of residents since 2007 to monitor trends in the changing demographics of the Downtown population. Our latest survey was conducted in September 2011.

A one-sheet survey instrument was delivered to 2,064 households in Downtown using first-class postage. The response rate was 23.4% providing a margin of error of ±4% at a 95% confidence level. A summary of the survey and trends are presented here. The full report can be downloaded from DFWI’s website at www.dfwi.org or contact Arrie Mitchell at [email protected] to receive a copy.

Median Annual Household Income

42.8% of Downtown households have income exceeding $100,000 per year

$125,000 condominium and townhome owners

$83,000 apartment residents

$44,500 single-family residents

Downtown resident’s previous place of residence

36.9% cities in the Metroplex other than Fort Worth

35% Fort Worth

7.7% Texas outside of the Metroplex

13% other states

Employment

15.6% healthcare

9.1% education

8.8% Science & engineering

7.2% Law

67.2% of Downtown residents work in Fort Worth

17.8% of Downtown residents work in Downtown

51.9% of Downtown residents are under 45 years old

Downtown has more residents under 35 years old than over 65: 42.7% and 9.5%, respectively

57.7% of apartment renters are under 35 years old

27.4% of condominiums and townhomes residents are under 35

68% of apartment renters and 52.6% of condominium and townhome owners are unmarried

92.6% of households have no children living in the household

Downtown residents are highly educated

42.6% of residents have a bachelor’s degree

17.3% a master’s degree

16.2% a doctoral degree (including JDs)

A higher percentage of

residents with doctoral

degrees live in condominiums

and townhomes than in

apartments: 22.9% and 12.5%,

respectively

Lifestyle was cited as the

primary reason for living

Downtown by 54.4% of

condominium/townhome

owners and 36.7% of

apartment renters


Downtown Population Map

greater Downtown Fort Worth

Central Core


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Age Distribution and Trends Downtown Fort Worth Residents

10.9%

31.8%

8.5%

17.8%

11.7% 9.8%

6.6%

2.4% 0.5%

0%

10%

20%

30%

40%

50%

<25 25-34 35-44 45-54 55-59 60-64 65-74 75-84 >85

6.7%

13.1% 10.9%

9.5%

0.0%

5.0%

10.0%

15.0%

Under 25 65 and over

2007 2011

More apartment units than condominiums

were added to Downtown inventory since 2007 (785 and 316, respectively).

Downtown apartments typically attract

younger residents, explaining the relative increase in population

of residents under the age of 25.

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Children in the Household Downtown Fort Worth

Marital Status Downtown Fort Worth

12.5%

87.5%

7.4%

92.6%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

With children Without children

2007 2011

34.6%

65.4%

38.4%

61.6%

0.0%

20.0%

40.0%

60.0%

80.0%

Married Not married

2007 2011

Highest Degree Completed

42.6%

33.5%

18.5%

7.5%

17.70%

10.40%

0%

20%

40%

60%

Bachelor's Graduate/Professional

Downtown Fort Worth USA

Highest Degree Completed Downtown Fort Worth

32.4% 30.4%

42.6%

33.5%

0.0%

20.0%

40.0%

60.0%

80.0%

Bachelor’s Graduate

2007 2011

Household Income Trends Downtown Fort Worth

34.9% 25.5%

39.6%

9.3%

39.0%

51.7%

0.0%

20.0%

40.0%

60.0%

$50,000 and below

$51,000 - $100,000

$100,000 and above

2007 2011

4.5% 4.8%

21.8%

17.2%

36.3%

15.4%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Less than $35,000 $35,000- $49,999

$50,000- $74,999

$75,000- $99,999

$100,000- $199,999

$200,000 or more

Median Household Income Downtown Fort Worth

$83,000

$125,000

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

Apartment Renters Condo/Townhome Owners

USA: $50,046

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7.3

7.3

3.2

0 1 2 3 4 5 6 7 8

Apartment Renters

Condo/Townhome Owners

Single-Family Residents

$59.70

$69.20

$44.30

$0 $20 $40 $60 $80

Apartment Renters



Apartment Renters



Apartment Renters



5.2

4.4

2.5

0 1 2 3 4 5 6

$42.40

$41.60

$34.30

$0 $20 $40 $60

Downtown residents patronize Downtown businesses!

88.8% go to Downtown restaurants, 71% to bars, 59.6% to movies, 51.3% to convenience/drug stores, 49.9% to live entertainment, and 39.8% to retail stores.

92.1% of condominium and townhome owners

eat at Downtown restaurants an average of

7.3 times per month and spend $69.20 per visit.

89.5% of apartment renters eat at Downtown restaurants an average of 7.3 times per month and spend an average of $59.70 per visit.

Average Monthly Visits to Downtown Restaurants by Downtown Residents and Spending Per Visit

Average Monthly Visits to Downtown Bars by Downtown Residents and Spending Per Visit

7.3

7.3

3.2

0 1 2 3 4 5 6 7 8

Apartment Renters



$59.70

$69.20

$44.30

$0 $20 $40 $60 $80

Apartment Renters



Apartment Renters



Apartment Renters



5.2

4.4

2.5

0 1 2 3 4 5 6

$42.40

$41.60

$34.30

$0 $20 $40 $60

Average Monthly Visits to Downtown Convenience/Drug Stores by Downtown Residents and Spending Per Visit

Apartment Renters



Apartment Renters



4.7

3.8

2.5

0 1 2 3 4 5 6

$31.60

$36.40

$33.70

$0 $20 $40 $60

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Neighborhood Safety, 2007 vs. 2011 Downtown Fort Worth

92.5%

7.5%

96.8%

3.2%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

Safe or very safe Unsafe or very unsafe

2007 2011

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Very unclean 0.8%

Very Clean

Unclean 5.4%

Clean

Street and Sidewalk Cleanliness Downtown Fort Worth

Street and Sidewalk Cleanliness, 2007 vs. 2011 Downtown Fort Worth

91.9%

8.1%

93.7%

6.3%

0%

20%

40%

60%

80%

100%

Clean or very clean Unclean or very unclean

2007 2011

Residents perceive Downtown as clean. 93.7% of residents rated the streets and sidewalks in their neighborhood as clean or very clean.

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Pop

ula

tion

an

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Number of Residential Units Sold

2011 2012

Sales Ratio of Condos and Townhomes to Single-Family ResidencesyeAR DALLAS FoRT WoRTh

2008 20.5% 3.4%2009 20.8% 3.6%2010 25.9% 3.3%2011 21.1% 2.9%2012 20.6% 3.5%2013 33.3% 3.4%Source: North Texas Real Estate Information Systems, Inc.

6,623 7,255

1,777 216

0

4,000

8,000

12,000

Dallas Fort Worth

Single-Family Residences Condos/Townhomes

6,999

11,344

2,329

383

Dallas Fort Worth So

urce

: Nor

th T

exas

Rea

l Est

ate

Info

rmat

ion

Syst

ems,

Inc.

33

Condominiums and Townhomes Built and Sold Downtown Fort Worth

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s, In

c.

294 41 226 394 112 0 10 0 0 0 8 7

298

40

95 103

80

114

58 43

72 64

0

50

100

150

200

250

300

350

400

450

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Built Sold



Pop

ula

tion

an

d H

ousi

ng

Median days on market for Downtown

condos and townhomes decreased

54.8% between 2012 – 2013.

Downtown Condominium and Townhome Sales As Percentage of City

yeAR FoRT WoRTh

DoWnToWn

2005 276 40 14.5%2006 395 95 24.1%2007 367 103 28.1%2008 275 80 29.1%2009 286 114 39.9%2010 242 58 24.0%2011 216 43 19.9%2012 315 62 19.7%2013 302 64 21.2Source: North Texas Real Estate Information Systems, Inc.

21.2% of all condominiums and townhomes sold in Fort Worth in 2013 were in Downtown.

Median Residential Sales Price Per Square Foot Condominiums and Townhomes 2013

North Texas Downtown Dallas Downtown Fort Worth

$109

$181 $181

$0

$50

$100

$150

$200

$250

Median Sales Price Condominiums and Townhomes 2013

$162,250

$231,500

$190,000

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000


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Median Days on Market Condominiums and Townhomes 2013


3641

66

0

10

20

30

40

50

60

70

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Median Residential Sales Price Downtown Fort Worth

$190,000

$255,692

$214,900

$250,000 $233,500

$225,450

$281,000

$196,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

$219,900 $212,000

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Median Residential Sales Price Per Square Foot Downtown Fort Worth

$181

$234 $230 $238 $241

$234 $232

$192

$167

$193

$0

$50

$100

$150

$200

$250

$300

2013 2004 2005 2006 2007 2008 2009 2010 2011 2012

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Pop

ula

tion

an

d H

ousi

ng

50%

60%

70%

80%

90%

100%

2010 2011 20121Q 2Q 3Q 4Q

20091Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20131Q 2Q 3Q 4Q

94.1%

92.1%

93.6%

94.6%

96.2%

93.6%

96.6%

95.0%

93.5%

95.3% 94.4%

95.6% 95.6% 95.5%

93.2%

93.8%

94.4%

96.6%

95.0% 95.2%

$1,800

$1,550

$1,494

$1,550

$1,530

$1,536

$1,544

$1,604

$1,607

$1,605

$1,654

$1,625

$1,664

$1,679

$1,680

$1,652

$1,635

$1,700

$1,600

$1,500

$1,400

$1,300

$1,200

$1,100

2010 2011 20121Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20131Q 2Q 3Q 4Q

Residential Rental Units Planned and Under Construction Downtown Fort Worth

PRoJeCT UniTS yeAR

The Cassidy 6 2014Trinity District 256 2014Knights of Pythias 18 2014Carleton Trinity Bluff 238 2015Trinity Terrace 123 2015Hunter Plaza 164 TBALancaster Place 130 TBAT&P Warehouse 343 TBASource: Downtown Fort Worth, Inc.

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Average Apartment Occupancy Rate Downtown Fort Worth

Average Apartment Rent Downtown Fort Worth


Housing Construction in Downtown Fort Worth owner-occupied Condominiums and Townhomes

Housing Construction in Downtown Fort Worth Renter-occupied Units

0

100

200

300

400

500

600

700

800

900

1,000

2000-2005

Pre-1999

2006-2010 542

347

37

926 units as of 2010

14% since 2005

Pre-1999

0

500

1,000

1,500

2,500

2,000

2000-2005

2006-2010 583

209

1,454

2,246

units as of 2013

54.9% since 2000

Rate of Growth of Owner-Occupied Condominiums and TownhomesPeRioD FoRT WoRTh DoWnToWn

2006 – 2010 14% 141%2000 – 2005 17% 937%Sources: Downtown Fort Worth, Inc. and the City of Fort Worth

Rate of Growth of Renter-Occupied Units

PeRioD FoRT WoRTh DoWnToWn

2006 – 2010 17.7% 35%2000 – 2005 5.9% 14.3%Sources: Downtown Fort Worth, Inc. and the City of Fort Worth

Average Monthly Apartment Rent Per Square Foot Downtown Fort Worth

$1.45 $1.45$1.43

$1.48

$1.54 $1.54

$1.36$1.38$1.40$1.42$1.44$1.46$1.48$1.50$1.52$1.54$1.56

2008 2009 2010 2011 2012 2013

$1,557 $1,561$1,531

$1,573

$1,637

$1,662

$1,450

$1,500

$1,550

$1,600

$1,650

$1,700

2008 2009 2010 2011 2012 2013

Average Monthly Apartment Rent Downtown Fort Worth

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Business and leisure travelers agree, Downtown is the place to stay.As the hub of a vibrant tourism and business travel destination, Downtown Fort Worth boasts

2,642 hotel rooms. With 640,000+ room nights sold in 2013, the average hotel

occupancy was 67.3% with $104.05 revenue per available room (RevPAR).

Downtown paid 39.2%of Fort Worth’s hotel occupancy taxes in Q3 2013

$95+ MILLION in Downtown hotel revenue in 2013

39

Plano 5.5%

Richardson 3.2%

Arlington 9.1%

Irving 15.2%

Grapevine 7.2%Fort Worth without Downtown 14.1%

Dallas 41.9%

Downtown Fort Worth

3.7%

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Downtown Dallas

Downtown Fort Worth

USA

50 % 55 % 60 % 65 % 70 %

62.3%

67.3%

58.8 %

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Hotel Occupancy 2013

Plano 5.3%

Richardson 3.0%

Arlington 6.4%

Irving 15.3%

Grapevine 12.9%Fort Worth without Downtown 9.9%

Dallas 41.4%

Downtown Fort Worth

5.9%

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Area Hotel Revenue Share

Area Hotel Room Supply


Hos

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ali

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$68.70

$90.47

$74.93

$99.63

$78.28

$99.52

$65.15

$88.38

$104.05

$68.69

$61.08

$55.49

2010

$110.00

$100.00

$90.00

$80.00

$70.00

$60.00

$50.00

$40.00

2011 2012 2013

Dallas CBD Fort Worth CBD USA

Hotel Revenue Per Available Room

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31.7%

37.3%

37.6%

40.3%

39.3%

40.9%

38.8%

38.4% 41.1%

44.8%

40.8%

39.0%

37.6%

43.7%

39.8%

41.3%

40.8%

42.3%

39.2% 39.2%

15.0%

25.0%

20.0%

30.0%

35.0%

40.0%

45.0%

50.0%

Hotel Occupancy Taxes Paid Downtowns Share as Percentage of City

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Hotels in Downtown Fort Worth generate 39.2% of

all annual hotel occupancy taxes

in the city.

IH 35W SB IH 3

0 W

B

15TH

14TH

HOUSTON

12TH

LANCASTER

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

RIO GRANDE

DAGGETT

BROAD WAY

WENNECA

14TH

15TH

SUNS

ET

10TH

PEACH

BLUFF

1ST2ND

TAYLOR

THROCKMORTON

MAIN

COMM

ERCECALHOUN

PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

6TH

8TH

9TH

BELKNAP

MILLS

7TH

MON

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LAM

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MAC

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BALL

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SUM

MIT

PENN

FOUR

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FORE

ST P

ARK

11TH

IH 3

5W N

B IH 30 EB

HENDERSON

3RD

5TH

13TH

WEATHERFORD

CONVENTION CENTER

SUNDANCE

SQUARE PLAZA

2

11

105 6

4

3

9

1

8

7

IH 35W SB IH 3

0 W

B

15TH

14TH

HOUSTON

12TH

LANCASTER

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

RIO GRANDE

DAGGETT

BROAD WAY

WENNECA

14TH

15TH

SUNS

ET

10TH

PEACH

BLUFF

1ST2ND

TAYLOR

THROCKMORTON

MAIN

COMM

ERCECALHOUN

PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

6TH

8TH

9TH

BELKNAP

MILLS

7TH

MON

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LAM

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BALL

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SUM

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FOUR

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FORE

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IH 3

5W N

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3RD

5TH

13TH

WEATHERFORD

CONVENTION CENTER

SUNDANCE

SQUARE PLAZA

2

11

105 6

4

3

9

1

8

7

Current Hotel Room Inventory

Hotel Rooms

1. Omni Fort Worth Hotel 614

2. Worthington Renaissance 504 Hotel

3. Sheraton Fort Worth 430 Hotel and Spa

4. Hilton Fort Worth 294

5. Downtown Fort Worth 203 Courtyard-Blackstone Hotel

6. Embassy Suites Fort Worth 156 Hotel Downtown

7. Marriott TownePlace Suites 140 Fort Worth Downtown

8. Holiday Inn Express Hotel 132 & Suites Downtown Fort Worth

9. Park Central Hotel 120

10. The Ashton 39

11. Etta’s Place 10


50.9%

66.5%

58.5%

79.3%

63.6%

62.6% 63.8%

70.0%

64.0%

65.8% 69.8%

69.2% 71.0%

73.6%

63.3%

65.0%

64.7%

75.9%

57.4%

69.9%

50.2%

52.6%



58.9%

69.2%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Hotel Occupancy Rate

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Forth Worth Convention Center Facts

Total arena 70,960 SFTotal exhibit hall 182,266 SFTotal exhibit space 253,226 SFBallroom space 28,160 SFPermanent seats in the arena 10,418Temporary seats in the arena 3,266Number of meeting rooms 41Hotel rooms within a 15-minute walk 2,370

Source: Fort Worth Convention & Visitors Bureau

Largest Conventions 2013 by Hotel Rooms Reserved Downtown Fort Worth

NAme Rooms ReseRveD

Texas High School Coaches Association

2,236

Premier Designs, Inc 2,134National Association of Counties 1,925AdvoCare 1,848Army Aviation Association of America

1,846

Texas Library Association 1,687National Art Education Association

1,238

Texas Emergency Medical Services 1,150Texas Association of School Boards

1,103

RadioShack Corporation 1,100Source: Fort Worth Convention & Visitors Bureau

Revenue Per Available Room (RevPar)

$85.62



$100.51

$130.54

$96.90

$118.74

$99.78 $100.87

$110.20

$102.74

$127.31

$103.94

$74.38

$0

$20

$40

$60

$80

$100

$120

$140

$53.98

$63.02

$70.41 $70.25 $70.35$77.73 $79.74 $77.62

$70.39$73.48

$61.80

$54.65

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43

2013201220112010200920082007


$50

$70

$90

$110

$130

$150

$170

$190

$103.17

$105.10

$106.41 $97.34

$98.16

$102.00

$106.90

$155.44

$164.29

$152.62

$145.52

$164.83

$145.62

$158.25

Average Daily Hotel Room Rate (RevPar)

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Ret

ail

Downtown has it all! Dinner, drinks, dancing, shopping, theater and more!Downtown Fort Worth is well known for its dining and entertainment experience. More than

60 restaurants can be found in the center city while live theatre, shopping, movies and comedy

round out the urban mix. These diverse offerings and the vibrant street life they foster make Downtown

more attractive to locals, visitors and residents.

With a 95.9% average retail occupancy since 2006, soft goods retail is now taking hold.

Downtown has experienced a 28.2% growth in clothing store sales since 2006. Several new

retail stores and restaurants have opened in Downtown, including Del Frisco’s Grille, Jamba Juice, Jimmy

John’s Gourmet Sandwiches, Little Red Wasp, RadioShack, Silver Leaf Cigar Bar, Taco Diner, The Bird Café

and The Brass Tap.

New retail opportunities are forthcoming at the recently completed Sundance Square Plaza project

and One City Place remodel, which together added more than 50,000 square feet of retail space in 2013.

$95 MILLION annual sales for full- service Downtown restaurants

$49 MILLION in mixed beverage sales for 2013

Spending by Downtown Residents in Downtown$19+ MILLION annual spending by residents on retail and restaurants in Downtown

3.2+ monthly visits to Downtown retailers

$70 average spent per retail visit

7.2 average monthly visits to Downtown restaurants

$63 average spending per restaurant visit

45

As the 12th-largest economy in the world, the Texas economy continues to fare better than those of many other states. For the 12th straight year, Texas has been ranked the top exporting state, according to data released by the U.S. Department of Commerce. The value of state exports in 2012 (YTD-Sept) totaled more than $279.7 billion, an increase of 5.4% over 2012 and well ahead of overall U.S. exports in 2012, which grew 2.1 percent.

Texas’ top exporting industries in 2012 were petroleum and coal products, chemicals, computer and electronic products, non-electrical machinery and transportation equipment. Mexico, Canada, Brazil, China, Netherlands and South Korea imported $101 billion, $25.9 billion, $10.8 billion, $10.7 billion, $9.6 billion and $7.9 billion in Texas goods, respectively.

97.4% 98.0%

92.7%

95.0% 94.3%

91.2% 91.2% 92.0%

88.1%

92.8% 93.1% 93.2% 92.6% 92.7%

93.3%

80%

85%

90%

95%

100% USADFWDowntown Fort Worth

4Q 2012 4Q 20134Q 20114Q 20104Q 2009

Retail Occupancy Rate

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Downtown Fort Worth Private-Sector Employees, Businesses and Payroll

Total Downtown private-sector employees 35,907

Annual payroll $2,689,635,000Average payroll per employee $74,906Number of business establishments 1,468

Source: U.S. Census Bureau 2011



Ret

ail

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

West Plano

West Frisco

Uptown Dallas

Southwest Fort Worth

Southlake

Richardson

Park Cities

Northwest Fort Worth

Northwest Dallas

North Arlington

Las Colinas

Fort Worth CBD

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

95.6%

91.2%

97.0%

92.3%

93.7%

88.5%

95.3%

94.6%

94.4%

91.8%

95.0%

92.6%

86.3%

93.7%

94.9%

93.8%

84.6%

$0 $5 $10 $15 $20 $25 $30 $35

West Plano

West Frisco

Uptown Dallas


Southlake

Richardson

Park Cities


Northwest Dallas

North Arlington

Las Colinas

Fort Worth CBD

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

$19.90

$17.73

$30.30

$9.91

$26.97

$14.30

$23.94

$17.22

$10.98

$15.71

$14.89

$22.69

$16.83

$7.98

$13.45

$15.22

$14.32

Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2013

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

West Plano

West Frisco

Uptown Dallas


Southlake

Richardson

Park Cities


Northwest Dallas

North Arlington

Las Colinas

Fort Worth CBD

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

95.6%

91.2%

97.0%

92.3%

93.7%

88.5%

95.3%

94.6%

94.4%

91.8%

95.0%

92.6%

86.3%

93.7%

94.9%

93.8%

84.6%

$0 $5 $10 $15 $20 $25 $30 $35

West Plano

West Frisco

Uptown Dallas


Southlake

Richardson

Park Cities


Northwest Dallas

North Arlington

Las Colinas

Fort Worth CBD

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

$19.90

$17.73

$30.30

$9.91

$26.97

$14.30

$23.94

$17.22

$10.98

$15.71

$14.89

$22.69

$16.83

$7.98

$13.45

$15.22

$14.32

Retail Rental Rates ($/SF) for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2013

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Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area

Fourth Quarter 2012

Sources: CoStar and Downtown Fort Worth, Inc.

Accommodation and Food Services Gross Sales

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90July-DecemberJanuary-June

2012 2013201120102009200820072006

$58.0 $61.6

$68.9 $70.2

$76.6 $79.2

$82.7

$69.9 $67.1

$71.4 $68.2 $70.3

$76.5

NA

Millions

$78.8

$80.5

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Full-Service Restaurants Gross Sales

$0

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

2012 2013201120102009200820072006

NA

Millions

$35.5

$39.2

$44.2 $41.9 $41.3

$46.6 $49.1

$37.5

$42.5 $44.6

$39.8 $40.0

$45.2 $46.6 $46.3

July-DecemberJanuary-June

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Ret

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Household Income 2012 Downtown Fort Worth Trade Areas

HOuSeHOLD By INCOMe10 MINuTeS DRIve TIMe 20 MINuTeS DRIve TIMe

NuMBeR OF HOuSeHOLDS

PeRCeNT OF HOuSeHOLDS

NuMBeR OF HOuSeHOLDS

PeRCeNT OF HOuSeHOLDS

<$15,000 15,354 22.60% 55,115 13.20%$15,000 – $24,999 11,251 16.60% 48,358 11.60%$25,000 – $34,999 9,338 13.80% 47,613 11.40%$35,000 – $49,999 10,582 15.60% 66,464 15.70%$50,000 – $74,999 19,677 14.30% 82,128 19.70%$75,000 – $99,999 4,034 5.90% 45,888 11.00%$100,000 – $149,999 4,048 6.00% 45,661 10.90%$150,000 – $199,999 1,491 2.20% 14,284 3.40%$200,000+ 2,089 3.10% 11,504 2.80%Source: ESRI

Average Consumer Spending 2012 Downtown Fort Worth Trade Areas

CATeGORIeS10 MINuTeS DRIve TIMe 20 MINuTeS DRIve TIMe

AveRAGe/HHS TOTAL SPeNT AveRAGe/HHS TOTAL SPeNT

Apparel and Services $1,226 $92,442,563 $1,612 $696,284,563Computer and Accessories $157 $11,853,949 $212 $91,707,396Entertainment and Recreation $2,237 $168,641,472 $3,041 $1,312,864,004Food at Home $3,373 $254,262,431 $4,274 $1,845,387,944Food Away from Home $2,376 $179,095,673 $3,117 $1,345,568,626Health Insurance $1,340 $101,005,147 $1,751 $756,272,493Investment $957 $72,137,182 $1,400 $604,530,391Home $10,979 $568,421,938 $15,077 $6,508,908,019Household Furnishings and Equipment

$879 $66,285,553 $1,178 $508,769,345

Travel $864 $65,144,993 $1,241 $535,784,345Vehicle Purchases $3,262 $245,893,761 $4,250 $1,835,086,986Consumer spending is the amount spent on a variety of goods and services by households that reside in the market area. HHS: Households Source: ESRI

Retail Sales 2012 Downtown Fort Worth Trade Areas

INDuSTRy GROuP NAICS 10 MINuTeS DRIve TIMe 20 MINuTeS DRIve TIMe

Food and Beverage Stores 445 $594,060,316 $2,147,856,318Clothing and Clothing Accessories Stores 448 $156,637,726 $622,410,557General Merchandise Stores 452 $218,807,113 $1,722,199,970Non-Store Retailers 454 $71,172,713 $178,671,783Food Services and Drinking Places 722 $528,624,977 $2,068,727,072Full-Service Restaurants 7221 $266,108,753 $801,345,825Limited Service Eating Places 7222 $182,611,726 $1,087,124,293Special Food Services 7223 $48,093,082 $87,868,420Drinking Places-Alcoholic Beverages 7224 $31,811,416 $92,388,535NAICS: The North American Industry Classification System (NAICS) is the standard used by federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing and publishing statistical data related to the U.S. business economy. Source: ESRI


Drive Time Demographics Downtown Fort Worth

Drive Time Demographics 2012 – 2017 Downtown Fort Worth10 MINuTeS DRIve TIMe 2012 2017

Population 193,979 206,134Households 67,865 71,837Average household size 2.79 2.80Owner-occupied housing units 35,596 38,568Renter-occupied housing units 32,269 33,269Median age 31.8 32.4Source: ESRI

10 MINuTeS

drive time

20 MINuTeS

drive time


Ret

ail

Mixed-Beverage Gross Sales Downtown Fort Worth

Sour

ce: T

exas

Com

ptro

ller o

f Pub

lic A

ccou

nts

$35,241,538

$40,831,349

$43,497,449 $43,994,761

$42,760,505

$48,126,636 $48,206,547 $48,872,124

$25

$30

$35

$40

$45

$50

2006 2007 2008 2009 2010 2011 2012 2013

Millions

Clothing Stores Gross Sales Downtown Fort Worth

Sour

ce: T

exas

Com

ptro

ller o

f Pub

lic A

ccou

nts

$2.8

$0

$1

$2

$3

2012 201320112010200920082007

NA

Millions

$2.4 $2.3

$2.1

$2.4

$2.6

$2.4

$2.8

$2.3 $2.4

$2.6

$2.2 $2.3

July-DecemberJanuary-June


Gross Sales All Industries Dollars Per Square MileMARkeT 2011 2012

76102 Downtown Fort Worth $760,064,974 $670,514,791

76104 Near Southside $178,836,645 $181,160,71076107 Cultural District $197,370,947 $209,629,178Fort Worth $106,745,059 $112,067,584Source: Texas Comptroller of Public Accounts

52

Qu

ali

ty o

f L

ife

Livability.com ranks Downtown Fort Worth as the #1 Downtown in the U.S.!Fort Worth has also been recognized for its outstanding quality of life and is currently ranked as one

of the nation’s top 10 most livable cities by Partners for Livable Communities. Nowhere is our excellent

quality of life more apparent than in our center city, where education, entertainment and other

amenities are abundant.



Entertainment Venues Downtown Fort Worth

VeNue AVAiLAbLe seAts

Fort Worth Convention Center (Arena Seating)

10,418

Bass Performance Hall 2,056AMC Sundance 11 1,850Four Day Weekend 212Jubilee Theatre 147Circle Theatre 125Source: Downtown Fort Worth, Inc. survey

Entertainment296,000+ arts venue attendance

Parks/Recreation385 acres of park land servicing Downtown

Access to 40 miles of trails

3,290 free night and weekend parking spaces

412,000+ items in circulation at the Central Library

6 Childcare Centers


Qu

ali

ty o

f L

ife PID #1 & #14

Created in 1986, Downtown Fort Worth Improvement District (PID) #1, administered by DFWI, offers a comprehensive program of services, including research, marketing, planning assistance, sidewalk cleaning, street sweeping, security enhancement, and litter removal. From 1986 to 2009, PID services were renewed by petition every five years by an overwhelming majority of property owners. Because of the PID’s ongoing success, it was reestablished in 2009 for a 20-year period by the Fort Worth City Council, following the submission of petitions from property owners representing 83% of property value and 80% of land area in the District.

Downtown Fort Worth Improvement District #14 was established in June 2009. Since then, District staff members have provided sidewalk maintenance along Samuels Avenue on Sundays, as well as weekly supplemental trash collection.

IH 35W SB IH 3

0 W

B

15TH

13TH

14TH

HOUSTON

12TH

LANCASTER

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

RIO GRANDE

DAGGETT

BROAD WAY

WENNECA

14TH

15TH

SUNS

ET

10TH

PEACH

BLUFF

1ST2ND

TAYLOR

THROCKMORTON

MAIN

COMM

ERCECALHOUN

PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

6TH

8TH

9TH

5TH

BELKNAP

MILLS

7TH

CHESAPEAKE ENERGY

MON

ROE

LAM

AR

CHER

RY

MAC

ON

LAKE

COLL

IER

BALL

INGE

R

SUM

MIT

PENN

FOUR

NIER

FORE

ST P

ARK

11TH

IH 3

5W N

B IH 30 EB

HENDERSON

7TH3RD

5TH

13TH

WEATHERFORD

BELKNAP

BLUFF

SAMUEL AVENUE

PID #1

PID #14

PID Districts

SUNDANCE

SQUARE PLAZA

$12,266,366 budgeted revenue/expenses of PiD #1 since its re-establishment in 2009.

$37,741,102 budgeted revenue/expenses for the life of PiD #1 since its creation in 1987

$1,165,330 in maintenance services annually

546,000 pounds of dirt/debris removed from streets, curbs and gutters annually

616 cubic yards of trash removed annually

190 trash cans serviced

2,912 miles of curb and gutter cleaning annually/ 51 miles weekly

15,660 linear miles of sidewalks cleaned annually

146 Downtown trees lighted and maintained

17 full-time clean-team members

11,000 square feet of planters in seasonal bloom

x10


Tax Increment Finance District #3

A significant public-private partnership that adds to the success of Downtown is the Downtown Tax Increment Finance District (TIF) and the other Downtown-oriented TIFs. The Downtown TIF makes strategic investments in parking, infrastructure, historic preservation, and residential development. The TIF is a collaboration of the City of Fort Worth, Fort Worth Independent School District, Tarrant County, Tarrant County Hospital District, Tarrant County College District, and Tarrant Regional Water District.

To date, the TIF has obligated $69 million, leveraging $483 million in private development and facilitating $41 million in public investment. The updated TIF Project and Financing Plan, adopted in 2013, is projected to return between $4.4 million and $4.9 million of tax increment to the taxing district partners each year from 2014 to 2017. This amount is in excess of the annual revenues to the TIF, which are projected at $4.3 million to $4.8 million.

DFWI manages the Downtown TIF through a contract with the TIF Board of Directors.

IH 35W SB IH 3

0 W

B

15TH

13TH

14TH

HOUSTON

12TH

LANCASTER

VICKERY

JARVISAD

AMS

ALAB

AMA

COLL

EGE

LIPS

COM

B

HEM

PHIL

L

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

RIO GRANDE

DAGGETT

BROAD WAY

WENNECA

14TH

15TH

SUNS

ET10TH

PEACH

BLUFF

1ST2ND

TAYLORTHROCKM

ORTONM

AINCOM

MERCE

CALHOUN

PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

4TH

6TH

8TH

9TH

BELKNAP

MILLS

7TH

PIER 1

MON

ROE

LAM

AR

CHER

RY

MAC

ON

LAKE

COLL

IER

BALL

INGE

R

SUM

MIT

PENN

FOUR

NIER

FORE

ST P

ARK

11TH

IH 3

3W N

B IH 30 EB

HENDERSON

3RD

5TH

13TH

WEATHERFORD

8TH

TIF: 3 Downtown

TIF: 4 Southside/Medical District

TIF: 6 Riverfront

TIF: 8 Lancaster

TIF: 9 Trinity River Vision

SUNDANCE

SQUARE PLAZA

$44.75

$19.19

$593.63

$0

$100

$200

$300

$400

$500

$600

$700

$800

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Ashton Hotel

Crescent Garage/ Bass Hall

Chase Building

Family Law Center

The Tower

Pecan Place UTA

Two City Place

Trinity Bluff

Carnegie Building

Marriott TownePlace

Oliver’sCity PlaceGarage/Retail

Westbrook, Commerce Buildings

City's TIF Contribution TIF Costs Investments Tax Increment

$524.25

Sour

ce: D

ownt

own

Fort

Wor

th, I

nc. a

nd T

arra

nt A

ppra

isal

Dis

tric

t

Downtown TIF Costs, Investments and Tax Increment


Ed

uca

tion

10,757 higher education students Downtown in 2013

= potential customers

= future workforce

= potential residents

Downtown higher education enrollment grew by 1,447% in 11 years

2003 695

2013 10,757

From Pre-K to MBA, Downtown is the place to learn!

Higher Education Fall Semester Enrollment Downtown Fort Worth

Number of students enrolled in higher education campuses in Downtown increased by 58.5% since 2009.770

1,000

0

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

20122011 201320102009

0

100

200

300

400

500

600

700

800

900

1,000

2012 2013201120102009

0

1,800

1,600

1,400

1,200

1,000

800

600

400

200

2012 2013201120102009

6,786

7,808

9,557

10,712 10,757

6,000

8,000

7,000

9,000

10,000

11,000

12,000

2009 2010 2011 2012 2013

4,797 5,459

7,237

8,410 8,849

1,209

1,581 1,590 1,564

1,138

780 768 730 738


Tarrant County College

Texas A&M School of Law

University of Texas at Arlington Fort Worth Center

Sour

ce: D

ownt

own

Fort

Wor

th, I

nc. S

urve

y of

Dow

ntow

n Ed

ucat

ion

Inst

itutio

ns

Educational Institutions Downtown Fort Worth

2013 – 2014 ENroLLMENT

Bright Horizons Montessori at Sundance Square 75St. Paul Lutheran School 225Young Women's Leadership Academy 270Nash Elementary School 272Texas A&M School of Law 770University of Texas at Arlington, Fort Worth Center 1,138Tarrant County College, Trinity River Campus 8,849Source: Downtown Fort Worth, Inc. Survey of Downtown Education Institutions

11,599 students

in 2013.

Tra

nsp

orta

tion

58

Downtown Fort Worth, a local transit hub, offers excellent access to various transportation options throughout the community and the Dallas-Fort Worth area. The Intermodal Transportation Center, which opened in 2002, is the central gathering point for the

Greyhound Bus Line, The Fort Worth Transportation Authority (The T), Trinity Railway Express,

Amtrak, taxis and the Molly the Trolley shuttle service. Currently, 39 bus routes serve Downtown.

The T also operates a “Free Zone” that offers rides at no cost to anyone traveling within the central

business district.

Downtown is also fortunate to have 3,290 free parking spaces available after 6 p.m. on

weekdays and all day on weekends, courtesy of the Downtown Tax Increment Finance District.

In addition, The Tower garage offers first-hour-free parking during daytime hours, as does the

City Place garage for validated guests. There are more than 42,000 Downtown parking spaces.

To inform the public about the many parking options Downtown, a Fort Worth parking website was

created through a partnership among the City of Fort Worth, Downtown Fort Worth, Inc., Fort Worth

Convention & Visitors Bureau and the Historic Stockyards. Fortworthparking.com allows

users to quickly find the closest parking options to their destinations.



31% increase in bus ridership since 2004

404,403 Downtown riders for the Trinity Railway Express (2013)

404,648 Molly the Trolley ridership since inception (May 2009)

14 Bike Share stations added to Downtown in 2013

3,122,760 Calories Burned on 19,791 trips taken using Fort Worth’s Bike Share bicycles in the first 9 months of the program

596,000+ Average daily traffic count on Downtown highways

Meacham International Airport, North Texas’s premier general aviation facility, is just 5 miles from Downtown

Dallas-Fort Worth International Airport • 17 miles from Downtown • 60+ MILLION passengers

in 2013 • Approximately 158,000+

passengers daily • 148 domestic nonstop

destinations • 56 international destinations • 23 carriers • Every major city in the

continental United States can be accessed within four hours

fourhours

Tra

nsp

orta

tion


COMING

2017TexRail Commuter

Rail System

Trinity Railway Express Ridership Fiscal Years 2002 – 2013

3.99

4.78 4.84

4.98 5.00

5.19

5.46

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008200720062005200420032002 2013

2.13

2.29 2.16 2.15

2.4 2.5

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

0

100

200

300

400

500

600

20112010200920082007200620052004200320022001 2012

376 381

422 438

460 454 481 491 498

532

571 596

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

201220112010200920082007200620052004 2013 147,000

143,000

147,000

144,000

137,000

143,000

141,000

164,000

151,000

155,000

175,000

168,000

163,000

177,000

102,000

101,000

106,000

102,000

106,000

112,000

106,000

52,000

67,000

63,000

58,000

61,000

59,000

67,000

0 50,000 100,000 150,000 200,000

2005

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

SH 287 SH 121 I-35W I-30

5.21

4.39

4.83

Sour

ce: F

ort W

orth

Tra

nspo

rtat

ion

Auth

ority

The Trinity Railway Express links Downtown Fort Worth’s T&P and ITC Stations to CenterPort/DFW Airport Station and Downtown Dallas Union Station Monday through Saturday. The airport’s free Remote South shuttle bus service provides continuous connections between the station and airline terminals.


3.99

4.78 4.84

4.98 5.00

5.19

5.46

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008200720062005200420032002 2013

2.13

2.29 2.16 2.15

2.4 2.5

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

0

100

200

300

400

500

600

20112010200920082007200620052004200320022001 2012

376 381

422 438

460 454 481 491 498

532

571 596

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

201220112010200920082007200620052004 2013 147,000

143,000

147,000

144,000

137,000

143,000

141,000

164,000

151,000

155,000

175,000

168,000

163,000

177,000

102,000

101,000

106,000

102,000

106,000

112,000

106,000

52,000

67,000

63,000

58,000

61,000

59,000

67,000

0 50,000 100,000 150,000 200,000

2005

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

SH 287 SH 121 I-35W I-30

5.21

4.39

4.83

3.99

4.78 4.84

4.98 5.00

5.19

5.46

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008200720062005200420032002 2013

2.13

2.29 2.16 2.15

2.4 2.5

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

0

100

200

300

400

500

600

20112010200920082007200620052004200320022001 2012

376 381

422 438

460 454 481 491 498

532

571 596

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

201220112010200920082007200620052004 2013 147,000

143,000

147,000

144,000

137,000

143,000

141,000

164,000

151,000

155,000

175,000

168,000

163,000

177,000

102,000

101,000

106,000

102,000

106,000

112,000

106,000

52,000

67,000

63,000

58,000

61,000

59,000

67,000

0 50,000 100,000 150,000 200,000

2005

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

SH 287 SH 121 I-35W I-30

5.21

4.39

4.83

Annual Ridership for Bus Routes Serving Downtown Fort Worth 2004 – 2013

Average Daily Traffic Count on Selected State and National Highways Serving Downtown Fort Worth

Sour

ce: F

ort W

orth

Tra

nspo

rtat

ion

Auth

ority

Sour

ce: T

exas

Dep

artm

ent o

f Tra

nspo

rtat

ion

Tra

nsp

orta

tion


*Zip

cod

e 78

701

is u

sed

for d

ownt

own

Aust

in,

7520

1 &

752

02 a

re u

sed

for D

alla

s.

Sour

ce: U

S Ce

nsus

Bur

eau

15.0%

20.0%

25.0% 23.4%

60.1%

92.7%

1.2%

8.9%

4.0%

79.1%

1.3%

10.0%

5.0%

0.0%

6.0%

4.0%

2.0%

0.0%

100.0%

80.0%

60.0%

40.0%Downtown

Austin*DowntownFort Worth

Fort Worth

DowntownFort Worth

Fort Worth

DowntownAustin*

DowntownFort Worth

Fort Worth

13.6%

DowntownDallas*

4.2%

DowntownAustin*

5.5%

DowntownDallas*

72.3%

DowntownDallas*

Means of Transportation to Work: Car, Truck or Van

*Zip

cod

e 78

701

is u

sed

for d

ownt

own

Aust

in,

7520

1 &

752

02 a

re u

sed

for D

alla

s.

Sour

ce: U

S Ce

nsus

Bur

eau

Means of Transportation to Work: Public Transportation

15.0%

20.0%

25.0% 23.4%

60.1%

92.7%

1.2%

8.9%

4.0%

79.1%

1.3%

10.0%

5.0%

0.0%

6.0%

4.0%

2.0%

0.0%

100.0%

80.0%

60.0%

40.0%Downtown


Fort Worth

DowntownFort Worth

Fort Worth

DowntownAustin*

DowntownFort Worth

Fort Worth

13.6%

DowntownDallas*

4.2%

DowntownAustin*

5.5%

DowntownDallas*

72.3%

DowntownDallas*

*Zip

cod

e 78

701

is u

sed

for d

ownt

own

Aust

in,

7520

1 &

752

02 a

re u

sed

for D

alla

s.

Sour

ce: U

S Ce

nsus

Bur

eau

Means of Transportation to Work: Walk or Bike

15.0%

20.0%

25.0% 23.4%

60.1%

92.7%

1.2%

8.9%

4.0%

79.1%

1.3%

10.0%

5.0%

0.0%

6.0%

4.0%

2.0%

0.0%

100.0%

80.0%

60.0%

40.0%Downtown


Fort Worth

DowntownFort Worth

Fort Worth

DowntownAustin*

DowntownFort Worth

Fort Worth

13.6%

DowntownDallas*

4.2%

DowntownAustin*

5.5%

DowntownDallas*

72.3%

DowntownDallas*


Downtown Parking Availability

Parking spaces 41,911

Parking meters 2,400

Free evening and weekend parking spaces

2,826

Free daytime 1-hour parking spaces

300

Free daytime 2½-hour spaces with validation

164

Source: Downtown Fort Worth, Inc.

3.99

4.78 4.84

4.98 5.00

5.19

5.46

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008200720062005200420032002 2013

2.13

2.29 2.16 2.15

2.4 2.5

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

0

100

200

300

400

500

600

20112010200920082007200620052004200320022001 2012

376 381

422 438

460 454 481 491 498

532

571 596

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

201220112010200920082007200620052004 2013 147,000

143,000

147,000

144,000

137,000

143,000

141,000

164,000

151,000

155,000

175,000

168,000

163,000

177,000

102,000

101,000

106,000

102,000

106,000

112,000

106,000

52,000

67,000

63,000

58,000

61,000

59,000

67,000

0 50,000 100,000 150,000 200,000

2005

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

SH 287 SH 121 I-35W I-30

5.21

4.39

4.83

Average Daily Traffic Count Selected State and Federal Highways Serving Downtown Fort Worth

Sour

ce: T

exas

Dep

artm

ent o

f Tra

nspo

rtat

ion

All counts were taken

within a radius of 2 miles

from the intersection of

I-30 and I-35W, SH 121

and SH 287 in Downtown

Fort Worth.

Means of Transportation to Work: Public Transportation

64

PID

Ad

viso

ry B

oard

64

Jack Clark Chair Red Oak Realty

Hank Akin Klabzuba Realty

Rita Aves Oil & Gas Building

Johnny Campbell Sundance Square

Rick Cantalini Tower Condo Association I

Richard Casarez ONCOR Electric Delivery

Andrew Casperson Omni Fort Worth Hotel

Gary W. Cumbie The Cumbie Consultancy

Jim Finley Finley Resources Inc.

Dave Fulton Hilton Fort Worth

Taylor Gandy Ron Investments, Ltd

Melissa Graham Cousins Properties

Ossana Hermosillo City of Fort Worth

Marie Holliday Flowers to Go in Sundance Square

John Klukan The Worthington Renaissance Fort Worth Hotel

Delores Knight Mallick Tower

Walter Littlejohn The Fort Worth Club

Michelle Lynn Building Owners & Managers Association

Allison Millington Behringer Harvard

David D. Parker AT&T

Sabrina Carter Starpoint Commercial Properties, LLC

T. Pollard Rogers Cantey & Hanger, L.L.P.

Heather Scoggins Chesapeake Energy Corporation

Tom L. Struhs Struhs Construction

Jed Wagenknecht Downtown Fort Worth Blackstone Courtyard Marriott

Joy Webster MorningStar Capital


Downtown Fort Worth, Inc. Publications

Annual Report Commercial Market Report Downtown Dashboard Downtown Retail Profile In View Residential Focus State of Downtown

Information Sources

City of Fort Worth CNN-Money CoStar Downtown Fort Worth, Inc. ESRI Federal Housing Finance Agency Fort Worth Convention and Visitors Bureau Fort Worth Transportation Authority "The T" Nash Elementary School National Association of Realtors North Texas Real Estate Information System, Inc. Office of Governor, Economic Development and Tourism Smith Travel Research St. Paul’s Lutheran School Tarrant County Appraisal District Tarrant County Clerk Tarrant County College

Texas A&M Real Estate Center Texas A&M School of Law Texas Comptroller of Public Accounts Texas Department of Transportation Texas Workforce Commission The North Central Texas Council of Governments U.S. Bureau of Economic Analysis U.S. Bureau of Labor Statistics U.S. Census Bureau U.S. Department of Commerce University of Texas at Arlington Young Women’s Leadership Academy

Downtown Fort Worth, Inc. Staff

andrew Taft President

Todd Holzaepfel, Ph.D. Vice President/PID Manager

Cleshia Butler Administrative Assistant

Jay Downie Event Producer

Becky Fetty Director of Membership and Marketing

Brandi Huckabee Program and Production Manager Accounting Assistant

ani Jarrett Marketing and Project Manager

Jim Johnson, Ph.D. Director of Downtown Development/TIF District

Melissa Konur Director of Planning

Melanie Lara Controller

arrie Mitchell Director of Research

Carole Robinson Executive Assistant/Office Manager

CreditsDowntown Fort Worth, Inc. is especially grateful to the following organizations and individuals for their assistance in producing the State of Downtown publication:

Carmen escalante Research Specialist Texas Comptroller of Public Accounts

Phil Dupler Service Planner Fort Worth Transportation Authority “The T”

Lori Poe Research Consultant Convention and Visitors Bureau

Susan White City of Fort Worth Planning and Development Department

Special thanks to Blackstone Courtyard Downtown Fort Worth, Brian Hutson, Brian Luenser, Bright Horizons Montessori at Sundance Square, Denise Cook, Fort Worth Central Library, Geno Loro, Jeffrey Stvan, Lincoln Property Company, RadioShack, Sundance Square, Tarrant County College, Texas A&M University School of Law, UNT Health Science Center (UNTHSC) and UTA Fort Worth Center for their photography. Cover: Geno Loro. Back cover: Brian Luenser.

PMS 286

777 Taylor Street, Suite 100

Fort Worth, Texas 76102

817.870.1692 | www.dfwi.org

Date post:	28-Jul-2016
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State of Downtown 2013

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