State of Downtown 2014

STATE of DOWNTOWN

2014

ForewordWelcome to our tenth 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 communicate the underlying economic trends shaping our center city.

Downtown Fort Worth continued its outstanding momentum in 2014. Office rental and occupancy rates compare favorably with other North Texas submarkets, while hospitality measures were among the strongest in the country. 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.

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

Office and Employment ...................................10

Population and Housing ...................................18

Hospitality ........................................................34

Retail ................................................................40

Quality of Life ..................................................48

Education .........................................................52

Transportation .................................................54

PID Advisory Board ..........................................60

Arrie Mitchell Director of Research

Jack Clark Chairman

Fort Worth Improvement District #1 (PID)

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

Cover Photo: Pinnacle Bank Place, Opening 2016

ABOUT US

DFWI’s Mission

The mission of Downtown Fort Worth, Inc. is to be the catalyst for transforming Downtown into a vibrant place to live, visit, enjoy and conduct business through aggressive leadership of programs, projects and partnerships.

Who We Are

Formed in 1981, DFWI is Downtown Fort Worth’s planning, public space management and advocacy organization. This membership-based organization has contributed to Downtown Fort Worth’s vitality by serving as a liaison, ombudsman, and information source for property owners, residents, business owners, lenders, developers, community organizations, and policy-makers.

What We Do

DFWI is a 501(c)(6) non-profit membership organization. In addition to coordinating the Downtown planning process, advocacy, member services, communications and Downtown leadership, DFWI members founded the first Public Improvement District in the state of Texas in 1986. DFWI continues to manage PID #1 and also manages PID #14. These PIDs provide enhanced services to property owners, including maintenance and landscaping, public space management, promotions and marketing, research, transportation, planning, and security enhancements to 564 acres of Downtown, including streets and sidewalks.

DFWI also administers the Tax Increment Finance District (TIF) by contract with the City of Fort Worth. Eligible TIF projects include parking, infrastructure assistance to new developments, historic preservation, affordable housing, transportation and education.

DFWII, Downtown Fort Worth Initiatives, Inc. is a 501(c)(3) non-profit corporation that provides a pathway for foundation grants, philanthropic donations and other contributions to help fund charitable, educational, and public-purpose Downtown projects. Each year DFWII helps to bring more than 500,000 people to Downtown by producing the MAIN ST. Fort Worth Arts Festival and the XTO Energy Parade of Lights. DFWII also developed the JFK Tribute in Fort Worth, redeveloped Burnett Park, and is currently administering the Heritage Park restoration design.

1STATE OF DOWNTOWN FORT WORTH 2014

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STATE OF DOWNTOWN FORT WORTH 2014

1,206 acres

1.8 square miles

1,523 Downtown businesses

38,044 private employees

10 MILLION square feet of office space

2,642 hotel rooms

6,228 Downtown residents

3,452 residential units

46,892 Downtown employees (all jobs)

$74,906 average private payroll per employee

$2.9 BILLION private payroll in 2012

At $2,993,415,000, Downtown generates a larger payroll (9.3%) than any other employment center in the county, contributing 18.7 times its geographic weight in private payroll.

$3.2 BILLION in gross sales from all Downtown industries in 2013

$63.3 Billion appraised value of property in the City of Fort Worth in 2014

$166.6 Billion appraised value of property in Tarrant County in 2014

$15,864,783 hotel taxes paid in Downtown 2014

$114,929,846 sales taxes paid in 2013 – 14.2% of the city’s taxable sales are transacted in Downtown

Downtown contributes 11.2 times its geographic weight in sales tax.

$206,302,880 Downtown property, hotel and sales taxes paid in 2013

$1,717,357,279 total taxes paid Downtown 1992-2013

DOWNTOWN BY THE NUMBERS

Downtown Fort Worth is a 1.875-square-mile, high performing North Texas submarket. With over 46,000 employees, Downtown Fort Worth is the largest employment center in Tarrant County. Private payroll generated in Downtown exceeds $2.9 billion per year, the highest among employment centers in the county.

The labor force in Fort Worth grew by 25.3% from December 2007 (pre-recession) to December 2014. This is 17.6 times faster than the national labor force, which grew at 1.4%. Fort Worth grew 1.7 times faster than Texas at 14.6%. Over this same period Fort Worth added 61,314 jobs, increasing its employment force by 19.4%. During the same period Texas increased its employment force by 14.3%, while the national employment force has increased by 0.8%.

Change in Unemployment

U.S. Unemployment

December rate 5.6%Dec. 2012 – Dec. 2013 change -1.1Texas Unemployment

December rate 4.6%Dec. 2012 – Dec. 2013 change -1.4Fort Worth Unemployment

December rate 3.9%Dec. 2012 – Dec. 2013 change -1.5

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

2

The Fort Worth-Arlington metro area’s annual employment growth rate from December 2013 to December 2014 was 3.7%, compared to 1.9% for the nation. The unemployment rate for the City of Fort Worth was 3.9% in December 2014, significantly lower than the national rate of 5.6%.

In addition to a healthy labor market, Downtown Fort Worth’s economy performed exceptionally well in 2014, 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 6,812,373 in 2013. 15.7% of this regional growth is attributed to Fort Worth.

Trini

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Contribution of Fort Worth to Regional Growth

Population: From 2000 to 2013, 31.4% of regional population growth (for cities with more than 100,000) occurred in Fort Worth. Dallas contributed 8.4%.Source: U.S. Census Bureau

Arlington 5.6% Carrollton 2.1%

Denton 5.1% Dallas 8.4%

Frisco 12.5%

Garland 2.3%

Grand Prairie 6.8%

Irving 4.5%

McKinney 11.4%

Mesquite 2.3%

Plano 6.2%

Richardson 1.5%

Fort Wort

h 3

1.4

%

Job Growth from December 2007 to December 2014

27,776

61,314

0

40,000

20,000

60,000

80,000

Dallas Fort Worth

Employment: Employment in Fort Worth grew by 19.4% from pre-recession December 2007 to December 2014. In Dallas it grew by 4.7%.Source: Texas Workforce Commission

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Office: The office market in Downtown Fort Worth absorbed over 267,000 square feet of office space in 2014, while occupancy remained on par with the national average. Occupancy for class A office space in Downtown Fort Worth in 4Q 2014 was 82%, slightly less than the national average occupancy of 87.7%. Currently, 86.5% of all Downtown Fort Worth office space is occupied. 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 2014, more than 59% of the leasing activity occurred with firms of that size.

Leasing Activities, Share of Market SPACE (SF) 2013 2014

<4,000 74% 59%

4,001 – 10,000 17% 24%>10,001 9% 17%Source: CoStar

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5.4%

5.8%

6.6%

5.4%

5.8%

6.7%

5.2%

5.5%

6.6%

4.6%

5.0%

6.2%

4.9%

5.3%

6.3%

5.3%

5.5%

6.1%

5.4%

5.6%

6.2%

5.2%

5.5%

6.1%

4.7%

5.0%

5.9%

4.4%

4.7%

5.7%

4.3%

4.6%

5.8%

3.9%

4.2%

5.6%

3.0%

4.0%

3.5%

4.5%

5.5%

5.0%

6.0%

6.5%

7.0%

Jan-1

4

Feb-1

4

Mar-14

Apr-14

May-14

Jun-1

4

Jul-1

4

Aug-14

Sep-14

Oct-14

Nov-14

Dec-14

Dallas USA Fort Worth

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Unemployment Rate in 2014

All Office Space Occupancy

4Q 2014Class A Office Space Occupancy

4Q 2014Retail Space Occupancy

4Q 2014

89.1% 86.4%

50%

60%

70%

80%

90%

100%

USA Fort Worth Fort Worth Fort Worth

87.7%

82.0%

USA

93.9% 92.7%

USA


3.1%

4.6% 4.3%

6.4%

3.8% 4.2%

11.9%

3.9% 4.1%

5.7%

6.6%

8.3% 8.6%

6.5% 6.2%

4.0% 5.2% 5.1%

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

tte

Chicag

o

Columbu

s

Dallas

Detroit

Fort W

orth

Housto

n

Indian

apolis

Jack

sonvill

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Los A

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Memph

is

New Yo

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Philad

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Phoe

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San Anto

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San Dieg

o

San Fr

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San Jo

se

5.6%

3.9%

Unemployment Rate Among 20 Largest U.S. Cities November 2014

Employment Growth December 2014 Over December 2013

3.6%

2.7%

1.9%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

Dallas Fort Worth USA

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Burnett Plaza

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Residential: Development remained strong in Downtown, with an additional 384 units set to begin construction or under construction by December of 2014. The first owner-occupied new product in four years broke ground on Henderson Street. Hunter Plaza will bring a total of 164 rental units to Downtown, including 115 affordable units and 49 market rate units. Trinity Terrace has broken ground on a 79-unit, 21-story senior housing tower. Pinnacle Bank Place, in the Lancaster corridor, broke ground in early 2015, adding a 130-unit mixed-use community to Downtown. The addition of those 373 apartments will bring the total rental inventory to 2,899 units.

The multifamily average rent in Downtown increased 2.7% in 2014 to $1,688, and apartment occupancy averaged 95.6% in 2014.

Demand for condominiums and townhomes saw a marked increase in 2014. 100 owner-occupied units sold in 2014, three shy of the 2006 record of 103. Through the fourth quarter of 2014, the median price for a Downtown residential unit sold through the MLS system was $220,000, an increase of 15.8% over the 2013 median price of $190,000.

Price of Condos and Townhomes Sold by Year

Average Apartment Rental Rates and Average Occupancy Rates

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Nat

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$196,000

$327,873

$219,900

$277,626

$212,450$190,000

$234,226

$252,789

$220,000

$0

$150,000

$100,000

$50,000

$200,000

$250,000

$300,000

$350,000

2010 2011 2012 2013 2014

$308,330

AverageMedian

$1,561

$1,531

$1,573

$1,637

$1,662 $1,688

95.4%

94.8%

94.5%

95.3% 95.6%

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%2009 2010 2011 2012 2013 2014

Average Rental Rates Average Occupancy


Hotels in Downtown Fort Worth generate 39% of all annual

hotel occupancy taxes in the city.

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 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14

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% 40.4%

42.2%

38.7% 39.6% 40.3%

15.0%

25.0%

20.0%

30.0%

35.0%

40.0%

45.0%

50.0%

22.3%

21.4%

21.0% 22.3% 22.3%

22.0%

20.9%

20.6%

24.4%

21.0%

21.8% 20.4% 20.9%

19.9%

22.8%

19.5% 20.2% 19.7% 21.9%

19.0%

Hotel InventoryHotel Occupancy Taxes Paid

Hotel Occupancy Taxes Paid and Inventory Downtown’s Share as Percentage of City

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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 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14

$4,500

$4,000

$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

$2,801

$3,758

$2,841

$3,391 $3,574

$3,757 $3,659

$3,330 $3,540 $3,606

$4,049 $3,817

$4,242

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Hotel Occupancy Taxes Paid Downtown Fort Worth

Hospitality: The Downtown hotel market continued to perform well above national averages and other large markets in the Dallas-Fort Worth metropolitan area. The occupancy rate in 2014 was 69.0%, higher than the national average of 64.4%. Revenue per available room (RevPAR) was $114.54, significantly above the national average of $74.28.

Hotel occupancy taxes paid in Downtown set an all-time record of $4,241,858 in 1Q 2014.

Downtown’s share as percentage 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 6 quarters. While 20% of all hotel rooms are located Downtown, more than 39% of all hotel occupancy taxes were paid in Downtown.

Hilton Fort Worth Hotel

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Retail: The Downtown retail market continues to perform well. The first two quarters of 2014 have maintained the peak sales levels reached in 2013. The strongest sectors were Accommodation and Food Services, Clothing Stores, Limited Service Eating Places, and Food and Beverage Stores.

Retail occupancy maintained a robust rate of 93%. The average rent per square foot for retail space in Downtown was $18.90. In addition, Downtown added 17,000 square feet of retail space in the new Cassidy Building in Sundance Square.

Change in Gross Sales 2Q 2014 over 2013

3.2%

78.4%

0%

40%

20%

60%

80%

100%

USA Downtown Fort Worth

1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


Limited-Service Eating Places

3.2%

78.4%

0%

40%

20%

60%

80%

100%


1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


Arts, Entertainment and Recreation

3.2%

78.4%

0%

40%

20%

60%

80%

100%


1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


3.2%

78.4%

0%

40%

20%

60%

80%

100%


1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


Retail Trade

Clothing Stores

3.2%

78.4%

0%

40%

20%

60%

80%

100%


1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


3.2%

78.4%

0%

40%

20%

60%

80%

100%


1.9%

13.7%

0.0%

5.0%

10.0%

15.0%

20.0%


1.0%

7.3%

0.0%

2.0%

4.0%

6.0%

8.0%


5.4%

11.8%

0.0%

5.0%

10.0%

15.0%


5.2%

20.9%

0.0%

10.0%

20.0%

30.0%


5.5%

15.2%

0.0%

5.0%

10.0%

15.0%

20.0%


Accommodation and Food Service

Full-Service Restaurants

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LOFT in Sundance Square


Cumulative Value of Building Permits Downtown Fort Worth, 2002 – 2014

$394 $482

$613

$752

$956

$1,064

$1,171 $1,223

$1,374 $1,446

$1,560

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2002-04 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

$151

$73

$114

$0

$50

$100

$150

$200

2012 2013 2014

Millions

Millions

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Tabachin Ribbon Dedication CeremonyTaco Diner in Sundance Square

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New Class A Office Buildings Downtown Fort Worth

PROJECT SQUARE FEET

One City Place / 300 Throckmorton

328,125

The Westbrook / 425 Houston 80,607The Cassidy / 420 Commerce 66,940The Cassidy / 407 Throckmorton

66,940


We’ve got what you’re looking for.Downtown Fort Worth has nearly 10 MILLION square feet of multitenant office space and

50 square feet of retail space for every 1,000 square feet of office space.

New office space added since November 2013Class A: 542,612 SF / 10.8% of inventory

46,892 jobs in Downtown

1,523 private businesses$3 BILLION in private payroll

89.0% 90.9%

93.2% 94.9%

96.2%

92.9%

90.9%

92.5%

89.5%

84.6%

86.4%

92.0%

75%

80%

85%

90%

95%

100%

7.5

8.0

8.5

9.0

9.5

10.0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Inventory Occupancy Million

square feet

Office Inventory and Occupancy Rate Downtown Fort Worth

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Class A Office Buildings

Burnett Plaza 1,024,627777 Main 954,895D.R. Horton Tower 820,509Wells Fargo 716,533Pier One Plaza 460,000Two City Place 312,525One City Place 306,470Carnegie 280,000Chase Bank 201,901Cash America 135,293Cantey Hanger 84,113The Westbrook 70,478The Cassidy 66,940Commerce Building 61,770The Tower 30,000Source: CoStar


The newly renovated MorningStar Oil & Gas Building

redevelopment adds 187,000 sq ft of owner-occupied space to Downtown.

The Cassidy Building in Sundance Square

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Office Occupancy Rate Fourth Quarter 2014

Class A Office Occupancy Rates Downtown Fort Worth

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73.6

%

73.7

%

73.7

%

73.3

%

90.9

%

92.5

%

89.5

%

92.0

%

86.9

%

88.6

%

87.7

%

88.1

%

74.5

% 84

.7%

87

.8%

88.8

%

86.4

%

88.5

%

0%

20%

40%

60%

80%

100%

2009 2010 2011 2012 2013 2014

Dallas CBD Fort Worth CBD USA

-291.0

165.1

301.5

-223.5

168.4

-7.4

2.6

114.7

-90.2

-614.7

-887.6

-139.6

170.7132.2

891.7267.5

-1,000

2007

2008

2009

2010

2011

2012

2013

2014

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

Downtown Dallas Downtown Fort Worth

Thousand Square Feet

Net Absorption of Office Space

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94.2%

97.4%

92.7%

92.3% 93.0%

87.3%

93.2% 93.7% 94.8%

82.9% 82.0%

70%

75%

80%

85%

90%

95%

100%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

492,848 sq ft of Class A

multi-tenant office space

added since 2013.

The Commerce Building in Sundance Square


0%

10%

20%

30%

40%

50%

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

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

0%

10%

20%

30%

40%

50%

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

6.8% 6.3% 5.2%

17.1% 18.0% 19.5%

20.3%

24.7%

25.1%

24.0%

23.2%

23.3%

23.3%

24.4%

24.0%

23.9%

24.0% 19.2%

17.9%

15.8%

13.3%

14.8% 20.7%

22.3%

20.1%

10.1% 9.3%

22.6%

16.8% 11.4%

8.6% 9.8%

Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway

23.1%

23.9%

24.7%

25.3%

23.2%

2014 2014 2014 2014

2014 2014 2014 2014

18.7% 23.3%

19.2%

Metro Area Class A Office Vacancy Rates

2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013

2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013

13.5%

15.2% 16.8%

14.4% 14.1%

22.9%

19.6% 19.4%

23.0%

18.5%


22.6%

23.2%

24.9% 25.7%

24.2%

9.9% 10.1%

0%

10%

20%

30%

40%

50%

18.8% 17.8% 17.7% 18.8% 17.8%

12.0%

11.2% 17.7% 19.3% 15.1%

10.9%

14.9% 15.2%

26.2% 26.1% 26.7%

25.5%

21.2%

0%

10%

20%

30%

40%

50%

2014 2010 2011 2012 2013


7.5%

10.5%

8.0% 15.3% 13.6%

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

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


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


2014 2014 2014 2014

2014 2014 2014 2014

$27.42

$26.90

$28.44 $28.74

$29.23 $22.19

$22.01

$21.91 $18.50

$18.31

$18.61

$17.51

$19.73

$19.09

$19.20

$20.04

$18.90

$21.12 $21.20

$21.32

$21.83

$22.78

$24.93

$21.60

$20.79

$21.49

$22.29

$23.20

$29.53

$29.80

$30.55

$31.39$33.26

$20.41

$20.45

$20.94

$22.81

$23.36

$23.14

$24.86

$10

$15

$20

$25

$30

$10

$15

$20

$25

$30

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


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


2014 2014 2014 2014

2014 2014 2014 2014

$19.04

$19.18

$19.38

$20.58

$20.76

$17.94

$18.15

$18.12

$18.37

$19.28

$18.28

$19.11

$13.63 $13.77 $13.87 $16.22

$14.21

$15.65

$15.72

$15.34

$15.98

$17.19 $18.59

$18.31

$18.31

$19.17

$19.21 $17.45

$16.97

$17.77 $21.34

$22.96

$24.09

$25.45

$30.08

$14.41 $16.17

$17.02

$17.97

$19.30


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 2014 2013

Class A Class B

$28.74

$20.76

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Downtown, the Southside and the Westside combined generate $5,559,490,000 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.

$42,055

$78,683

$58,097

$0

$20,000

$40,000

$60,000

$80,000

Cultural District Downtown Medical District

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Average Payroll Per Employee in Private Sector

ZIP CODE (SUBMARKET)PRIVATE SECTOR

EMPLOYEES PAYROLLPAYROLL PER

EMPLOYEE

76102 (Downtown) 38,044 $2,993,415,000 $78,683

76104 (Near Southside) 27,983 $1,625,720,000 $58,097

76107 (Cultural District) 22,360 $940,355,000 $42,055


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$23.20

$23.36

$24.93

$22.91

$28.74

$28.19

$33.26

$18.61

$23.20

$21.12

$24.86

$23.36

$19.11

$18.78

$19.21

$17.18

$20.76

$20.65

$30.08

$13.87

$27.36

$17.19

$19.28

$19.30

$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 2014

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7.0% 7.0%6.8%

5.9%

6.1%6.3%

6.5%6.3%

5.7%5.5% 5.5% 5.4%

6.2% 6.3%

5.7%

5.1%

5.7%5.8% 5.9%

5.1% 4.9%

4.4%

5.7%5.8%

5.4%

4.7%

5.1%

5.5% 5.6%5.7%

5.0%4.8%

4.6%

4.1%

3%

4%

5%

6%

7%

8%

Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14

Dallas Fort WorthUSA

5.4%

5.5%


National Office Statistics 4Q 2014AVERAGE ASKING

RENTOVERALL

VACANCY RATE

Atlanta $19.47 14.2%

Austin $28.44 8.6%

Boston $20.77 9.2%

Chicago $23.18 13.7%

Dallas/Fort Worth $21.62 14.3%

Denver $23.26 10.3%

Houston $27.24 10.8%

Los Angeles $30.30 11.5%

New York $55.91 7.8%

Philadelphia $21.80 10.8%

Phoenix $21.19 16.9%

Seattle $29.13 9.0%

Washington, DC $34.46 14.5%Source: CoStar

Business Profile Number of Businesses per Category Downtown Fort Worth

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43

4

27

50

80

373

80

80

29

123

57

82

1

250

9

39

19

85

91

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, Entertainment, and Recreation

Administrative and Support

Accommodation and Food Services Total private

employees: 38,044

Total number of businesses: 1,523

Annual payroll: $2,993,415,000

Bob R. Simpson Building



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Lifestyle

56.1

%

Other 3.7%

Community 1.7%

Convenience 11.7%

Location 8.0%

Work 18.7%

Reason for Living Downtown

Lifestyle was selected as the primary reason for living Downtown by 57.2% of condo/townhome owners

and 55.3% of apartment renters.

TriniTy Terrace - river TowerconTinuing care reTiremenT communiTy ankrom moisan archiTecTs - porTland, oregon

DDRB Design Review HeaRing14 February 2014 13

rendered view along wesT 10Th sTreeT

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 17th-largest city,

Fort Worth’s population has grown 48.5% since 2000 to the current population of 794,189 (U.S.

Census Bureau). The city added 34,451 residents from 2012 to 2013, a 4.5% 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.

River Terrace, Opening 2017


Very unsafe 0.3%Unsafe 2.5%

Very Safe

Safe57.3%

40.0%

Neighborhood Safety Downtown Fort Worth

Maintained 94.9 average apartment occupancy since 2006, while increasing inventory by 59%

Density of 3,943 residents per square mile in Downtown (1,500 housing units/sq mile)

City of Fort Worth density of 2,274 residents per square mile (846 housing units/sq mile)

$220,000 Median sale price of Downtown condos/townhomes purchased in 2014

14.6% increase in average apartment rent since 2006 – $1,467/2006 to $1,688/today

$4 MILLION: top Downtown condo sale20.2% of the condo sales market in Fort Worth is located in Downtown

74% of Downtown condo owners have income greater than $100,000

49% of Downtown residents’ income is double

the national median household income or greater

85% of Downtown residents have a bachelor's degree or higher

1,245 Residential rental units planned or under construction

Downtown absorbed 280 apartment units in 2014 while maintaining an occupancy rate above 95%

Residents perceive Downtown as safe.

• 97.3% of residents rated their neighborhood as safe or very safe.

• 99.5% of residents feel safe or very safe walking in Downtown during the day.

• 90.4% of residents feel safe or very safe walking in Downtown after dark.

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Housing affordability has been one of Fort Worth’s competitive advantages. In December 2014, the median price of a home in Fort Worth was $151,400, compared to $245,400 in Austin and $217,500 in Dallas. The median home price in the U.S. was $295,100.

Currently, there are 926 owner-occupied residential units in Downtown, up 887 units, a 2,274% growth since 2003. The median sale price of a home in Downtown Fort Worth is $212,450 (4Q 2014).

Residential – For Rent

The rental market remained at historically high occupancy. Currently, there are 2,526 units in Downtown with monthly rents ranging from $865 to $5,320 (4Q 2014). The occupancy rate of rental units in Downtown has stayed above 90% since 2006. Although 262 units became available in 2Q 2014 (an 11.6% increase), occupancy remained above 94% and finished the year at 96.5%. During the national recession that lasted from December 2007 through June 2009, apartment occupancy in Downtown did not decline below 92% in any quarter.

Top Ten State Population Gain April 1, 2010 through July 1, 2013

325,266

408,662 Georgia

326,542 Colorado 336,987 Washington

339,174Arizona

368,115 New York 408,273 North Carolina

1,088,674

1,547,997

1,810,854

0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000

Virginia

Florida

California

Texas

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Fastest-Growing Metropolitan Areas Population Added April 1, 2010 through July 1, 2013

170,290

180,895

205,874

236,210

263,534

302,589

313,583

383,084

384,703

392,702

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000

Phoenix-Mesa-Scottsdale, AZ

San Francisco-Oakland-Hayward, CA

Seattle-Tacoma-Bellevue, WA

Miami-Fort Lauderdale-Pompano Beach, FL

Atlanta-Sandy Springs-Roswell, GA

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

Houston-The Woodlands-Sugar Land, TX

Los Angeles-Long Beach-Anaheim, CA

Dallas-Fort Worth-Arlington, TX

New York-Newark-New Jersey, NY-NJ-PASo

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Regional City Population Change 2000 – 20132000 2013 % CHANGE

Austin, TX 656,562 885,415 34.9%Baton Rouge, LA 227,818 229,405 0.7%Dallas, TX 1,188,580 1,257,676 5.8%El Paso, TX 563,662 674,438 19.7%Fort Worth, TX 534,694 794,189 48.5%

Houston, TX 1,953,631 2,197,374 12.5%Little Rock, AR 183,133 197,357 7.8%Oklahoma City, OK 506,132 610,617 20.6%San Antonio, TX 1,144,646 1,409,000 23.1%Shreveport, LA 200,145 200,191 0.0%Tulsa, OK 393,049 398,724 1.4%Source: U.S. Census Bureau

Regional City Change in Median Family Income 2000 – 2013CITY 2000 2013 % CHANGE

Austin, TX $54,091 $71,511 32.2%Baton Rouge, LA $40,266 $46,110 14.5%Dallas, TX $40,921 $44,852 9.6%El Paso, TX $35,432 $46,420 31.0%Fort Worth, TX $42,939 $61,651 43.6%

Houston, TX $40,443 $49,886 23.3%Little Rock, AR $47,446 $64,285 35.5%Oklahoma City, OK $42,689 $58,947 38.1%San Antonio, TX $41,331 $52,808 27.8%Shreveport, LA $37,126 $47,808 28.8%Tulsa, OK $44,518 $52,119 17.1%USA $50,046 $64,030 27.9%Source: U.S. Census Bureau

The Dallas- Fort Worth

Metropolitan area population grew by

384,703 from 2010 – 2013.

Pinnacle Bank Place, Opening 2016


Pop

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Fort Worth Residential Population:

With the addition of more apartments, the Downtown Fort Worth residential population is becoming younger, wealthier and better educated, and has grown at an annual rate of 5.8% since 2007. Currently, 6,228 people live in the Downtown. DFWI has conducted four surveys of residents since 2007 to monitor trends in the changing demographics of the Downtown population. Our latest survey was conducted in December 2014.

A one-sheet survey instrument was delivered to 2,456 households in Downtown using first-class postage. The response rate was 17.6% providing a margin of error of +4% at a 95% confidence level.

A summary of the survey and trends is presented here. The full report can be downloaded from DFWI’s web site at www.dfwi.org, or contact Arrie Mitchell at [email protected] to receive a copy.

Median Annual Household Income

48.9% of Downtown households have income exceeding $100,000 per year

Downtown Residents’ Previous Place of Residence

28.9% cities in the Metroplex other than Fort Worth

32.6% Fort Worth

12.9% Texas outside of the Metroplex

20.3% other states

Employment

23.8% Healthcare

9.7% Education

21.9% Science & Engineering

13.2% Finance

6.8% Retail

6.2% Government

5.5% Law

57.2% of Downtown residents are under 40 years old

68.4% of apartment renters are under 40 years old

23.6% of condominium and townhome residents are under 40

70% of apartment renters and 37.1% of condominium and townhome owners are unmarried

95.5% of households have no children living in the household

Downtown residents are highly educated

48.1% of residents have a bachelor’s degree

27.5% a master’s degree

9.4% a doctoral degree (including JDs)

Lifestyle was cited as the primary reason for living Downtown by 57.2% of condominium/townhome owners and 55.3% of apartment renters


Downtown Population Study Area

Age Distribution Downtown Fort Worth Residents

6.3%

0.5%

14.3%

43.5%

23.1%

79.4%

21.3%

31.3%

18.7% 18.7%

26.4%

17.6% 10.3%

18.7%

5.5%

0%

10%

20%

40%

30%

60%

50%

70%

80%

<25 25-40 41-55 56-65 >65

69.1%

23.6% 23.6%

76.4%

0.0%

50%

75%

100%

Residents40 and under

Residents over 40

Apartments Condos/Townhomes

All Residents

Apartments

Condos/Townhomes

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Marital Status Downtown Fort Worth

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Children in the Household Downtown Fort Worth

7.4%

92.6%

4.5%

95.5%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

With children Without children

2011 2014

38.4%

61.6%

44.2%

55.8%

0.0%

20.0%

40.0%

60.0%

80.0%

Married Not married

2011 2014

ESPN in Sundance Square

Highest Degree Completed

48.1%

36.9%

18.6%

9.6%

18.4%

11.2%

0%

20%

40%

60%

Bachelor’s Graduate/Professional

Downtown Fort Worth USA

Highest Degree Completed Downtown Fort Worth

42.6%

33.5%

48.1%

36.9%

0.0%

20.0%

40.0%

60.0%

80.0%

Bachelor’s Graduate

2011 2014

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Household Income Trends Downtown Fort Worth

39.0%

51.7%

9.3% 9.4%

41.7%48.9%

0.0%

20.0%

40.0%

60.0%

Less than$50,000

$50,000 - $99,999

$100,000 and above

2011 2014

1.9%

28.5% 28.8%

7.5%

18.8% 18.8% 20.0% 20.1%

17.9% 21.7%

12.1% 11.9%

48.9%

20.6% 22.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Less than $30,000 $30,000- $49,999

$50,000- $74,999

$75,000- $100,000

More than$100,000


3.3% 0.0%

10.3%

3.5%

29.2%

7.0%

26.3%

15.1%

30.9%

74.4%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Less than $30,000 $30,000- $49,999

$50,000- $74,999

$75,000- $100,000

More than$100,000

Condos/Townhomes Apartments

Median Household Income Downtown Fort Worth

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Lincoln Park at Trinity Bluff


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8.7

9.4

8.2

5 6 7 8 9 10

All Residents

Condo/Townhome Residents

Apartment Residents

$75.36

$91.05

$63.81

$0 $20 $40 $60 $100$80

All Residents


Apartment Residents

All Residents


Apartment Residents

All Residents


Apartment Residents

5.0

4.8

5.1

0 1 2 3 4 5 6

$47.87

$52.01

$45.17

$40 $45 $50 $55

Downtown residents patronize Downtown businesses!

99.7% go to Downtown restaurants, 92.2% to bars, 75.5% to convenience/drug stores and 73.2% to retail stores. 100% of condominium and townhome owners eat at Downtown restaurants an average of 9.4

times per month and spend $91.05 per visit. 99.5% of apartment renters eat at Downtown restaurants an average of 8.2 times per month and spend $63.81 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

8.7

9.4

8.2

5 6 7 8 9 10

All Residents


Apartment Residents

$75.36

$91.05

$63.81

$0 $20 $40 $60 $100$80

All Residents


Apartment Residents

All Residents


Apartment Residents

All Residents


Apartment Residents

5.0

4.8

5.1

0 1 2 3 4 5 6

$47.87

$52.01

$45.17

$40 $45 $50 $55

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

Average Monthly Visits to Downtown Clothing Stores by Downtown Residents and Spending Per Visit

All Residents


Apartment Residents

All Residents


Apartment Residents

3.4

3.4

3.5

0 1 2 3 4 5 6

$35.96

$36.50

$35.02

$34 $35 $36 $37

All Residents


Apartment Residents

All Residents


Apartment Residents

2.0

2.3

1.8

0 1 2 3 4 5 6

$99.64

$126.88

$78.96

$0 $50 $100 $150

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Very Clean

Clean

Very unclean 0.0%

Unclean 1.7%

47.7%

50.6%

Street and Sidewalk Cleanliness Downtown Fort Worth

Street and Sidewalk Cleanliness, 2011 vs. 2014 Downtown Fort Worth

93.7%

6.2%

98.3%

1.7% 0%

20%

40%

60%

80%

100%

Clean or very clean Unclean or very unclean

2011 2014

Residents perceive Downtown as clean. 98.3% of residents rated the streets and sidewalks in their neighborhood as clean or very clean.

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Number of Residential Units Sold

8,851 10,081

2,976 395

0

2,000

4,000

12,000

6,000

8,000

10,000

14,000

16,000

Dallas Fort Worth

Single-Family Residences Condos/Townhomes

11,394

11,047

3,062

495

Dallas Fort Worth

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Sales Ratio of Condos and Townhomes to Single-Family ResidencesYEAR DALLAS FORT WORTH

2009 20.8% 3.6%2010 25.9% 3.3%2011 21.1% 2.9%2012 20.6% 3.5%2013 33.3% 3.9%2014 26.9% 4.5%Source: North Texas Real Estate Information Systems, Inc.

Condominiums and Townhomes Built and Sold Downtown Fort Worth

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

298

40

95 103

80

114

58 43

72 64

100

0

50

100

150

200

250

300

350

400

450

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Built Sold

Trinity District

20142013


Median sales price for Downtown

condos and townhomes increased

15.8% between 2013 – 2014.

Median Residential Sales Price Per Square Foot Condominiums and Townhomes 2014

North Texas Downtown Dallas Downtown Fort Worth

$111

$182 $184

$0

$50

$100

$150

$200

$250

Median Sales Price Condominiums and Townhomes 2014

$155,000

$263,500

$220,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


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c.

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Median Days on Market Condominiums and Townhomes 2014


30

46

64

0

10

20

30

40

50

60

70

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Downtown Condominium and Townhome Sales As Percentage of City

YEAR FORT WORTH

DOWNTOWN

2006 395 96 14.5%2007 367 103 24.3%2008 275 56 28.1%2009 286 36 20.4%2010 242 47 12.6%2011 216 39 19.4%2012 315 62 18.1%2013 395 63 19.7%2014 495 100 15.9Source: North Texas Real Estate Information Systems, Inc.

20.2% of all condominiums and townhomes sold in Fort Worth in 2014 were in Downtown.


Pop

ula

tion

an

d H

ousi

ng Median Residential Sales Price

Downtown Fort Worth

$190,000

$220,000$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

2005 2006 2007 2008 2009 2010 2011 2012 2014 2013

$219,900 $212,000

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Median Residential Sales Price Per Square Foot Downtown Fort Worth

$181 $184

$230 $238 $241

$234 $232

$192

$167

$193

$0

$50

$100

$150

$200

$250

$300

2013 20142005 2006 2007 2008 2009 2010 2011 2012

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$1.30

$1.65

$1.60

$1.55

$1.50

$1.40

$1.35

$1.45

2012 2013 20141Q 2Q 3Q 4Q

20111Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

$1.42 $1.46

$1.52 $1.52

$1.56$1.57

$1.52

$1.54$1.52

$1.57

$1.51

$1.50

$1.55

$1.53

$1.61$1.59

$1,800

$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

2011 2012 20131Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20141Q 2Q 3Q 4Q

$1,693

$1,670

$1,706

$1,688

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Average Apartment Price Per Square Foot Downtown Fort Worth

Average Apartment Rent Downtown Fort Worth


Pop

ula

tion

an

d H

ousi

ng Residential Rental Units Planned

and Under Construction Downtown Fort Worth

PROJECT UNITS YEAR

Trinity Terrace 79 2016Hunter Plaza 164 2016Pinnacle Bank Place 130 2016Jetta Building 8 2017Cadillac Lofts 202 TBACarleton Trinity Bluff 238 TBAT&P Warehouse 350 TBA815 Commerce 143 TBASource: Downtown Fort Worth, Inc.

Average Monthly Apartment Rent Per Square Foot Downtown Fort Worth

$1.45$1.43

$1.48

$1.54 $1.54 $1.57

$1.35

$1.40

$1.45

$1.50

$1.55

$1.60

2009 2010 2011 2012 2013 2014

$1,561$1,531

$1,573

$1,637

$1,662 $1,688

$1,450

$1,500

$1,550

$1,600

$1,650

$1,700

2009 2010 2011 2012 2013 2014

Average Monthly Apartment Rent Downtown Fort Worth

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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

3,000

2,500

2,000

2000-2005

2006-2010

2011-2014

583

280

209

1,454

2,526

units as of 2014

73.7% since 2000

Rate of Growth 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 UnitsPERIOD FORT WORTH DOWNTOWN

2011 – 2014 5.4% 12.4%2006 – 2010 17.7% 35%2000 – 2005 5.9% 14.3Sources: Downtown Fort Worth, Inc. and the City of Fort Worth

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Downtown apartment rent per sq ft increased by 9.5% since 2010.

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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 660,000+ room nights sold in 2014, the average hotel

occupancy was 69.0% with $111.54 revenue per available room (RevPAR).

Downtown paid 39.2%of Fort Worth’s hotel occupancy taxes in 2014

$106+ MILLION in Downtown hotel revenue in 2014

Hotels Planned or Under Construction

HOTEL ROOMS

Hampton Inn 245Autograph by Marriott 164Source: Downtown Fort Worth, Inc.

Blackstone Courtyard Marriott

35

Plano 5.8%

Richardson 2.9%

Arlington 9.0%

Irving 15.9%

Grapevine 6.5% Fort Worth without Downtown 13.1%

Dallas 42.7%

Downtown Fort Worth 4.0%

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Downtown Dallas

Downtown Fort Worth

USA

50 % 55 % 60 % 65 % 70 %

64.4%

69.0%

62.9 %

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Hotel Occupancy 2014

Plano 5.2%

Richardson 2.8%

Arlington 6.2%

Irving 16.6%

Grapevine 11.6% Fort Worth without Downtown 9.3%

Dallas 42.9%

Downtown Fort Worth 5.5%

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Area Hotel Revenue Share

Area Hotel Room Supply


The Ashton Depot

Blackstone Courtyard Marriott

JFK Tribute in Fort Worth

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$74.93

$99.63

$78.28

$99.52

$65.15

$88.38

$104.05

$68.69

$63.62

$114.54

$74.28

$61.08

2011

$110.00

$120.00

$100.00

$90.00

$80.00

$70.00

$60.00

$50.00

$40.00

2012 2013 2014

Dallas CBD Fort Worth CBD USA

Hotel Revenue Per Available Room

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1Q 11 4Q 10 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 2Q 14 3Q 14 4Q 14

41.1%

44.8%

40.8%

39.0%

37.6%

43.7%

39.8%

41.3%

40.8%

42.3%

39.2% 39.2% 40.4%

42.2%

38.7%

39.6%

40.3%

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

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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

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

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

ROE

LAM

AR

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MAC

ON

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COLL

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BALL

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SUM

MIT

PENN

FOUR

NIER

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

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


52.2%

65.0%

60.3%

75.3% 75.9%

65.3% 65.6%

68.3%

67.0%

68.8% 71.6%

71.6%

73.6%

71.8%

65.7%

72.5%

68.0%

75.0%

58.8%

65.0%

52.6%

57.0%



62.1%

71.6%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Hotel Occupancy Rate

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Fort 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 2014 by Hotel Rooms Reserved Downtown Fort Worth

NAME ROOMS RESERVED

Kenneth Copeland Ministries 10,323Texas FFA Association 9,111Premier Designs, Inc. 8,216National Sheriffs’ Association 5,903WorldVentures Marketing, LLC 5,513Conference for the Advancement of Mathematics Teaching

4,745

Southwest Veterinary Symposium 4,531Texas Emergency Medical Services 4,405Association of Water Board Directors – Texas

3,804

American Cheerleaders Association

3,324

Republican Party of Texas 2,928Source: Fort Worth Convention & Visitors Bureau

Revenue Per Available Room (RevPAR)

$94.66



$101.14

$126.17$129.13

$110.53

$111.31$117.86

$111.83 $123.92

$128.86

$99.75

$84.95

$0

$20

$40

$60

$80

$100

$120

$140

$56.95

$67.44

$75.28 $75.22 $77.21

$83.21$86.67

$84.88

$76.93$80.74

$66.05

$59.62

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RevPAR in Downtown Fort Worth

was 50.2% higher than the

national average.

39

2013 201420122011201020092008


$50

$70

$90

$110

$130

$150

$170

$190

$105.10

$106.41 $97.34

$101.80

$106.07

$110.30

$164.29

$152.62

$145.52

$144.82

$146.82

$154.68

$115.32

$161.71

Average Daily Hotel Room Rate (RevPAR)

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The Main Table

40

Ret

ail

Dinner, drinks, dancing, shopping, theater and more.Downtown Fort Worth is well known for its dining

and entertainment experience. More than

70 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 95.5% average retail occupancy

since 2006, soft goods retail is now taking hold.

Downtown has experienced a 50.5% growth in

clothing store sales since 2006. Several new

retailers and restaurateurs have opened in

Downtown, including The Cheesecake Factory,

Hoya Korean Kitchen, Planet Sub, Overland

Sheepskin Co., Vivo 53, and White House Black

Market. In addition, several new retailers and

restaurants have announced plans to open in

Downtown in 2015, including a 31,500 square-

foot H&M.

New retail opportunities are forthcoming at the

recently completed Sundance Square Plaza project

and One City Place remodel, which together added

more than 70,000 square feet of retail space in 2013

and 2014.

$93 MILLION annual sales for full-service Downtown restaurants

$53 MILLION in mixed beverage sales for 2014

Spending by Downtown residents

$45+ MILLION annual spending by residents in Downtown

5.4+ monthly visits to Downtown retailers

$60 average spent per retail visit

13.7 average monthly visits to Downtown restaurants and bars

$65 average spending per restaurant visit


41

As the 12th-largest economy in the world, Texas continues to fare better than 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 2014 totaled more than $289 billion, an increase of 3.4% over 2013 and well ahead of overall U.S. exports in 2014, which grew 2.4 percent.

Texas’ top exporting industries in 2014 were petroleum and coal products, chemicals, computer and electronic products, non-electrical machinery and transportation equipment.

98.0%

92.7%

95.0%

91.2% 91.2% 92.0%

92.8% 93.1% 93.2% 92.6% 92.7%

93.3%

80%

85%

90%

95%

100% USADFWDowntown Fort Worth

4Q 2012 4Q 2013

92.9% 93.3% 93.9%

4Q 20144Q 20114Q 2010

Retail Occupancy Rate

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Downtown Fort Worth Private-Sector Employees, Businesses and Payroll

Total Downtown private-sector employees 38,044

Annual payroll $2,993,415,000Average payroll per employee $78,683Number of business establishments 1,523

Source: U.S. Census Bureau 2012


$102.6

$31.1

$11.7 $10.9 $8.9

$0

$20

$40

$60

$80

$100

Mexico Canada Brazil China Netherlands

Billions

$120

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Top Import Partners for Texas Goods


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

96.0%

90.4%

96.5%

92.7%

95.3%

89.9%

96.1%

95.7%

94.8%

92.1%

95.7%

92.9%

87.4%

95.3%

96.4%

91.8%

87.7%

$5 $10 $15 $20 $25 $30 $35 $40

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

$20.25

$17.58

$43.51

$10.33

$24.40

$14.06

$23.10

$18.21

$14.00

$13.54

$17.06

$18.90

$16.78

$9.45

$15.29

$14.01

$14.70

$45

Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2014

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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

96.0%

90.4%

96.5%

92.7%

95.3%

89.9%

96.1%

95.7%

94.8%

92.1%

95.7%

92.9%

87.4%

95.3%

96.4%

91.8%

87.7%

$5 $10 $15 $20 $25 $30 $35 $40

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

$20.25

$17.58

$43.51

$10.33

$24.40

$14.06

$23.10

$18.21

$14.00

$13.54

$17.06

$18.90

$16.78

$9.45

$15.29

$14.01

$14.70

$45

Retail Rental Rates ($/SF) for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2014

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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 201320112010200920082007

$61.6

$68.9 $70.2

$76.6 $79.2

$82.7

$67.1 $71.4

$68.2 $70.3

$76.5

NA

Millions

$78.8$80.2

2014

$89.7

$80.5

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Full-Service Restaurants Gross Sales

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50

$55

2012 201320112010200920082007

Millions

$39.2

$44.2 $41.9 $41.3

$46.6 $49.1

$42.5 $44.6

$39.8 $40.0

$45.2 $46.6 $47.0 $46.3

2014

NA

$52.1 July-DecemberJanuary-June

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ail

Household Income 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 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 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 Downtown Fort Worth

Drive Time 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

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$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

$55

$50

2007 2008 2009 2010 2011 2012 2013 2014

$52,963,206

Millions

Clothing Stores Gross Sales Downtown Fort Worth

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$2.8

$1

$2

$3

$4

2012 20132011201020092008

$3.1

2014

NA

Millions

$2.3

$2.1

$2.4

$2.6

$2.4

$2.8

$3.2

$2.3

$2.6

$2.2 $2.3

July-DecemberJanuary-June


Gross Sales All Industries Dollars Per Square MileMARKET 2012 2013

Downtown Fort Worth $670,514,791 $736,904,143

76104 Near Southside $181,160,710 $176,551,74576107 Cultural District $209,629,178 $234,776,684Fort Worth $112,067,584 $123,003,585Source: Texas Comptroller of Public Accounts

Movie Night in Sundance Square Plaza

48

Qu

ali

ty o

f L

ife Livability.com ranked Downtown Fort

Worth as the #1 downtown in the U.S. Nowhere is our excellent quality of life more apparent than in Downtown, where education,

entertainment, parks and 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 1,850Maddox-Muse Center 300McDavid Studio 300Four Day Weekend 212Jubilee Theatre 147Circle Theatre 125Source: Downtown Fort Worth, Inc. survey

Entertainment290,000+ arts venue attendance

Parks/Recreation385 acres of park land servicing Downtown

Access to 72 miles of trails

4,300 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, Downtown planning assistance, sidewalk cleaning, street sweeping, security enhancement, and litter removal. From 1986 to 2009, the 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 the property value and 80% of the land area in the District. Downtown Fort Worth Improvement District #14 was established in June 2009. Since then, District contractors provide sidewalk maintenance along Samuels Avenue on Sundays and supplemental weekly trash pick-up.

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

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AR

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RY

MAC

ON

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IER

BALL

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SUM

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PENN

FOUR

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FORE

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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

$39,106,702 budgeted revenue & expenses for the life of PID #1 since its creation in 1986.

$1,204,820 in services annually

3,744 miles of curb and gutter cleaning annually, 72 miles weekly

1,249 trees serviced within PIDs

Grackle population has been reduced to 2% of original numbers due to Operation Grackle (25,000 reduced to 500)

1,984 cubic yards of dirt and sand debris removed from streets, curbs and gutters annually

15,660 linear miles of sidewalks cleaned annually

146 Downtown trees lighted

17 full-time clean-team members

2 cubic yards of recycle material collected each week

11,000 sq feet of planters in bloom year-round


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, Tarrant County, Tarrant County Hospital District, Tarrant County College District, and Tarrant Regional Water District.

To date, the TIF has obligated $73 million, leveraging $584 MILLION in private development and facilitating $41 million in public investment. The lifetime cap of the TIF is $100 MILLION.

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

IH 35W SB IH 3

0 W

B

15TH

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14TH

HOUSTON

12TH

LANCASTER

VICKERY

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L

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9TH

ELM

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SUNS

ET10TH

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ORTONM

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PECAN

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CRUMP

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HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

4TH

6TH

8TH

9TH

BELKNAP

MILLS

7TH

PIER 1

MON

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MAC

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BALL

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FOUR

NIER

FORE

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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

$47.70

$592.97

$0

$100

$200

$300

$400

$500

$600

$700

$800

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

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

CassidyBuilding

City’s TIF Contribution TIF Costs Investments Tax Increment

$584.25

$23.35

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

10,394 higher education students Downtown in 2014

= future customers

= future workforce

= future residents

Downtown higher education enrollment grew by 1,396% in 12 years

2003 695

2014 10,394

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

806 K-12 education students Downtown in 2014

Fort Worth ISD announced $69M to Downtown STEM and

Performing & Visual Arts High Schools.

1st Qtr 2015

Higher Education Fall Semester Enrollment Downtown Fort Worth

770

1,000

0

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

20122011 20132010

0

100

200

300

400

500

600

700

800

900

1,000

2012 2013

702

201420112010

0

1,800

1,600

1,400

1,200

1,000

800

600

400

200

2012 201320112010

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 2014

5,459

7,237

8,410 8,849

2014

8,774 1,581 1,590 1,564

1,138

2014

918

768 730 738

10,394

Number of students enrolled in higher education campuses in Downtown remained steady in 2013 but has increased by 53.2% since 2009.


Tarrant County College

Texas A&M School of Law

University of Texas at Arlington Fort Worth Center

Sour

ce: D

ownt

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Fort

Wor

th, I

nc. S

urve

y of

Dow

ntow

n Ed

ucat

ion

Inst

itutio

ns

Educational Institutions Downtown Fort Worth

2014 – 2015 ENROLLMENT

Montessori at Sundance Square 97St. Paul Lutheran School 224Young Women’s Leadership Academy 308Nash Elementary School 274Texas A&M School of Law 702University of Texas at Arlington, Fort Worth Center 918Tarrant County College, Trinity River Campus 8,774Source: Downtown Fort Worth, Inc. Survey of Downtown Education Institutions

11,297 students

in 2014.

Tra

nsp

orta

tion

54

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” which offers rides at no cost to anyone traveling within the

central business district.

Downtown visitors enjoy 4,300 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 between 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 nearest parking options.



27% increase in bus ridership since 2005 (10 years)

420,656 Downtown riders for the Trinity Railway Express (2014)

505,434 Molly the Trolley ridership since inception (May 2009)

14 Bike Share stations in Downtown

2,850,600

Calories Burned on 32,267 trips taken using Fort Worth’s Bike Share Program in 2014

531,000+ Average daily traffic count on Downtown highways

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

Dallas-Fort Worth International Airport • 17 miles from Downtown • 63+ MILLION passengers in

2014 • 148 domestic non-stop

destinations • 56 international destinations • 24 carriers • Approximately 172,000+

passengers daily • Every major city in the

continental United States can be accessed within four hours

fourhours

Tra

nsp

orta

tion


COMING

2018TexRail Commuter

Rail System

Trinity Railway Express Ridership Fiscal Years 2003 – 2014

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

2012201120102009200820072006200520042003 2013

2.29

2014

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

2011201020092008200720062005200420032002 2012

381

422 438

460 454 481 491 498

532

571 596

2013

531

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

20122011201020092008200720062005 2013 143,000

147,000

144,000

137,000

143,000

141,000

151,000

155,000

175,000

168,000

163,000

177,000

101,000

106,000

102,000

106,000

112,000

106,000

67,000

63,000

58,000

61,000

59,000

67,000

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

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

139,818175,187

105,54965,2974

SH 287 SH 121 I-35W I-30

5.21

2014

5.56

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.


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

2012201120102009200820072006200520042003 2013

2.29

2014

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

2011201020092008200720062005200420032002 2012

381

422 438

460 454 481 491 498

532

571 596

2013

531

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

20122011201020092008200720062005 2013 143,000

147,000

144,000

137,000

143,000

141,000

151,000

155,000

175,000

168,000

163,000

177,000

101,000

106,000

102,000

106,000

112,000

106,000

67,000

63,000

58,000

61,000

59,000

67,000

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

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

139,818175,187

105,54965,2974

SH 287 SH 121 I-35W I-30

5.21

2014

5.56

4.39

4.83

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

2012201120102009200820072006200520042003 2013

2.29

2014

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

2011201020092008200720062005200420032002 2012

381

422 438

460 454 481 491 498

532

571 596

2013

531

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

20122011201020092008200720062005 2013 143,000

147,000

144,000

137,000

143,000

141,000

151,000

155,000

175,000

168,000

163,000

177,000

101,000

106,000

102,000

106,000

112,000

106,000

67,000

63,000

58,000

61,000

59,000

67,000

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

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

139,818175,187

105,54965,2974

SH 287 SH 121 I-35W I-30

5.21

2014

5.56

4.39

4.83

Annual Ridership for Bus Routes Serving Downtown Fort Worth 2005 – 2014

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


15.0%

20.0%

25.0%

22.0%

61.9%

92.0%

0.8%

8.1%

2.6%

81.4%

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

12.5%

DowntownDallas*

2.9%

DowntownAustin*

4.5%

DowntownDallas*

74.1%

DowntownDallas*

Means of Transportation to Work: Car, Truck or Van

*Zip

cod

es 7

5201

and

752

02 a

re u

sed

for d

ownt

own

Dal

las

Zip

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

So

urce

: US

Cens

us B

urea

u

Means of Transportation to Work: Public Transportation

15.0%

20.0%

25.0%

22.0%

61.9%

92.0%

0.8%

8.1%

2.6%

81.4%

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

12.5%

DowntownDallas*

2.9%

DowntownAustin*

4.5%

DowntownDallas*

74.1%

DowntownDallas*

*Zip

cod

es 7

5201

and

752

02 a

re u

sed

for d

ownt

own

Dal

las

Zip

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

So

urce

: US

Cens

us B

urea

u

Means of Transportation to Work: Walk or Bike

15.0%

20.0%

25.0%

22.0%

61.9%

92.0%

0.8%

8.1%

2.6%

81.4%

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

12.5%

DowntownDallas*

2.9%

DowntownAustin*

4.5%

DowntownDallas*

74.1%

DowntownDallas*

*Zip

cod

es 7

5201

and

752

02 a

re u

sed

for d

ownt

own

Dal

las

Zip

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

So

urce

: US

Cens

us B

urea

u


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

2012201120102009200820072006200520042003 2013

2.29

2014

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

2011201020092008200720062005200420032002 2012

381

422 438

460 454 481 491 498

532

571 596

2013

531

Millions

3.00

3.50

4.00

4.50

5.00

5.50

6.00

20122011201020092008200720062005 2013 143,000

147,000

144,000

137,000

143,000

141,000

151,000

155,000

175,000

168,000

163,000

177,000

101,000

106,000

102,000

106,000

112,000

106,000

67,000

63,000

58,000

61,000

59,000

67,000

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

2006

2007

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

139,818175,187

105,54965,2974

SH 287 SH 121 I-35W I-30

5.21

2014

5.56

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

60

PID

Ad

viso

ry B

oard

60

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, DMD Flowers to Go in Sundance Square

Teresa Jarvise Starpoint Commercial Properties, LLC

Julie Jones Chesapeake Energy Corporation

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

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

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 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 The North Central Texas Council of Governments North Texas Real Estate Information System, Inc. Office of the Governor of Texas, 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 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

Matt Beard Director of Public Improvement Districts

Cleshia Butler Administrative Assistant

Jay Downie Event Producer

Becky Fetty Director of Membership and Marketing

Joanna Sanchez Accounting Assistant

Allison Wright Marketing and Project Manager

Diana Hahn Program and Production Manager

Melissa Konur Director of Planning

Brandi Huckabee 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”

Andrea Timbes CRM Analyst Convention and Visitors Bureau

Susan White City of Fort Worth Planning and Development Department

Special thanks to Brian Luenser, Burnett Plaza, Geno Loro, Jeffrey Stvan, Selling the Fort, Sundance Square, Steve Reisman, The T, and UTA Fort Worth Center for their photography.

PMS 286

777 Taylor Street, Suite 100

Fort Worth, Texas 76102

817.870.1692 | www.dfwi.org

Downtown Fort Worth is a remarkable place and DFWI members make it even better.

You are invited to be a part of Downtown,become a member today!

For membership information contactBecky Fetty

[email protected]

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State of Downtown 2014

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