state of downt own 2017 · the fort worth-arlington metro area’s annual employment growth rate...

STATE of DOWNTOWN

2017

ForewordWelcome to our thirteenth edition of the State of Downtown report. This publication is produced by Downtown Fort Worth, Inc. (DFWI) and Fort Worth Improvement Districts (PID), #1 and #14 to communicate the underlying economic trends shaping our center city.

Downtown Fort Worth continued its outstanding momentum in 2017. Office rental and occupancy rates compare favorably with other North Texas Submarkets while hospitality and multi-family residential performance has inspired a new wave of construction. Retail remained strong and residential sales and leasing activity reached new highs.

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

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 Districts #1 and #14, thank you for your interest in Downtown.

Table of Contents Year in Review ............................................. 2

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

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

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

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

Quality of Life .............................................46

Education ....................................................50

Transportation ............................................52

PID Advisory Board ....................................58

Arrie Mitchell Director of Research [email protected]

Melissa Graham Chair of the Board

Public Improvement District #1

Rick Baumeister Chair of the Board Downtown Fort Worth, Inc.

Cover Photo: Autograph Marriott Hotel Construction 5th and Main

DOWNTOWN FORT WORTHCURRENT & PLANNED PROJECTS

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, advocacy, public space and project management organization. DFWI also builds 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 (PID) 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.

DFWI also administers the Downtown 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.

Downtown Fort Worth Initiatives, Inc. (DFWII) 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. DFWII is a partner with Fort Worth Housing Solutions in the 172-unit, mixed-income Hillside Apartment community.

1STATE OF DOWNTOWN FORT WORTH 2017

TIF PID #1 PID#14

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STATE OF DOWNTOWN FORT WORTH 2017

DOWNTOWN BY THE NUMBERS

2

2,752 acres

4.3 square miles

1,570 Downtown businesses

36,437 private employees

13.7 MILLION square feet of office space

2,881 hotel rooms

7,783 Downtown residents

4,323 residential units

45,285 Downtown employees (all jobs)

$84,689 average private payroll per employee

$3.1 BILLION private payroll in 2015

At $3,085,798,000 Downtown generates a larger payroll than any other employment center in the county, contributing

18.7 times

its geographic weight in private payroll

$3.6 Billion appraised value of property in Downtown Fort Worth in 2017

$72.9 Billion appraised value of property in the City of Fort Worth in 2017

$210.6 Billion appraised value of property in Tarrant County in 2017

$17.5 Million in hotel taxes paid in Downtown 2017

$60 Million in property taxes paid in Downtown in 2017

$2,324,658,621 in total taxes paid Downtown 1992-2017

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

Downtown Fort Worth is a 4.3-square mile, high-performing North Texas submarket. With over 45,000 employees, Downtown Fort Worth is the largest employment center in Tarrant County. Private payroll generated in Downtown exceeds $3.1 billion per year, the highest among employment centers in the county.

The labor force in Fort Worth grew by 28.5% from December 2008 to December 2017. This is 7.9 times faster than the national labor force, which grew at 3.6%. Fort Worth grew 1.8 times faster than Texas at 15.7%. Over this same period Fort Worth added 97,534 jobs, increasing its employment by 31.9%. During the same period Texas increased its employment by 17.9%, while national employment increased by 7.2%.

The Fort Worth-Arlington metro area’s annual employment growth rate from December 2016 to December 2017 was 2.8% compared to 1.2% for the nation. The unemployment rate for the City of Fort Worth was 3.3% in December 2017, lower than the national rate of 4.1%.

The Dallas-Fort Worth-Arlington metropolitan area’s population grew from 5,161,544 in 2000 to 7,089,888 in 2015.

Trini

ty Rive

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Downtown is bordered by I-30, I-35 and the Trinity River.


Contribution of Fort Worth to Regional Growth

Population: From 2000 to 2015, 30.2% of regional population growth (for cities with more than 100,000) occurred in Fort Worth. Source: U.S. Census Bureau

Arlington 5.5% Carrollton 2.4%

Denton 5.1% Dallas 11.2%

Frisco 12.1%

Garland 2.1%

Grand Prairie 6.0%

Irving 4.5%

McKinney 10.9%

Mesquite 2.1%

Plano 6.2%

Richardson 1.9%

Fort Wort

h 3

0.2

%

Job Growth from December 2008 to December 2017

112,015

97,534

0

80,000

60,000

90,000

110,000

100,000

120,000

Dallas Fort Worth

Employment: Employment in Fort Worth grew by 31.9% from pre-recession December 2008 to December 2017. Source: Texas Workforce Commission

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Office: The office market in Downtown Fort Worth absorbed over 307,000 square feet of office space since 2012 while occupancy remained on par with the national average. Occupancy of office space in Downtown Fort Worth in 4Q 2017 was 90.6%, equal to the national average occupancy of 90.6%. A large percentage of Downtown multi-tenant office space is occupied by tenants of less than 4,000 square feet. This has a stabilizing influence on the market. In 2017, more than 68% of the leasing activity occurred with firms of that size.

Leasing Activities, Share of Market SPACE (SF) 2016 2017

<4,000 78% 68%

4,001 – 10,000 13% 22%>10,001 9% 10%Source: CoStar

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All Office Space Occupancy

4Q 2017Class A Office Space Occupancy

4Q 2017Retail Space Occupancy

4Q 2017

90.6%

87.7%

90.6%

50%

60%

70%

80%

90%

100%

Fort

Wor

th

USA

Dow

ntow

nFo

rt W

orth

87.8% 86.8% 87.0%

Fort

Wor

th

USA

Dow

ntow

nFo

rt W

orth

95.5% 95.6% 97.1%

Fort

Wor

th

USA

Dow

ntow

nFo

rt W

orth


3.0% 3.5%

4.4%

5.4%

4.0% 3.3%

4.9%

3.3%

4.8%

3.2% 3.9%

4.4% 4.2% 4.6% 4.9%

3.4% 3.6% 3.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

Austin

Boston

Charlo

tte

Chicag

o

Columbu

s

Dallas

Detroit

Fort W

orth

Housto

n

Indian

apolis

Jack

sonvill

e

Los A

ngele

s

Memph

is

New Yo

rk City

Philad

elphia

Phoe

nix

San Anto

nio

San Dieg

o

San Fr

ancis

co

San Jo

se

4.5%

3.0%

4.3%

4.2%

4.8%

4.5%

4.5%

4.7% 4.6%

4.5%

4.5%

4.0%

4.1%

4.4%

4.0%

3.9%

4.3% 4.3%

4.2% 4.0%

3.9%

4.3%

4.2%

4.1%

4.4%

3.5%

3.5%

4.2%

3.1%

3.1%

4.1%

3.3%

3.3%

4.1%

3.3%

3.3%

4.1%

3.0%

4.0%

3.5%

4.5%

5.5%

5.0%

Jan-1

7

Feb-1

7

Mar-17

Apr-17

May-17

Jun-1

7

Jul-1

7

Aug-17

Sep-17

Oct-17

Nov-17

Dec-17

Dallas USA Fort Worth

4.3%

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Unemployment Rate in 2017

Unemployment Rate Among 20 Largest U.S. Cities December 2017

Employment Growth December 2017 Over December 2016

2.9% 2.8%

1.2%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

Dallas Fort Worth USA

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Residential: Development remained strong in Downtown with 93 units added and an additional 1,078 units under construction by December of 2017. Trinity Terrace, a 79-unit, 23-story senior housing tower, and the 11 townhomes on Henderson Street, the first owner-occupied new product in five years, were completed in 2017. Broadstone 5th and Summit, a 345-unit apartment community adjacent to the Pier One Building, Alexan Summit, a 380-unit apartment community, and Kelley at Samuels Ave, a 353-unit apartment community are under construction and are nearing completion at time of publication.

Several new projects are expected to break ground in 2018; currently there are 1,465 units in eight projects in the planning process.

The multifamily average rent in Downtown increased 8.3% in 2017 to $1.83 per square foot. Apartment occupancy averaged 96.6% in 2017.

Demand for condominiums and townhomes remained high in 2017. One hundred ten owner-occupied units sold in 2017 through MLS, while prices continued to increase. Through the fourth quarter of 2017, the average price per square foot for a Downtown residential unit sold through the MLS system was $242.73, relatively equal to the 2016 price, and a 29.1% increase since 2013.

Price of Condos and Townhomes Sold by Year

Average Apartment Rental Rates and Average Occupancy Rates

Sour

ces:

Nat

iona

l Ass

ocia

tion

of R

ealto

rs a

nd N

orth

Tex

as

Rea

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Info

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ion

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$190,000

$234,226$250,542

$219,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

2013 2014

AverageMedian

$341,872

$252,450

2015

$326,421

$262,750

2016

$295,974

$258,000

2017

$1,547

$1,608

95.6%

96.5%$1,800

$1,850

$1,700

$1,600

$1,500

$1,550

$1,650

$1,750

$1,450

$1,400

98.0%

97.0%

96.0%

95.0%

94.0%

93.0%

92.0%

91.0%

90.0%2014 2015 2016

$1,682

96.9%

2017

$1,804

97.0%Average Rental Rates Average Occupancy


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

$5.0

$4.5

$0

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

Millions

$3.8$3.8 $3.7 $3.5 $3.6

$4.0$3.8

$4.2

1Q 15 2Q 15 3Q 15 4Q 15

$3.8$4.0

$3.7

$4.4

1Q 16 2Q 16 3Q 16 4Q 16

$3.7$4.0

$3.6 $4.0

1Q 17 2Q 17 3Q 17 4Q 17

$4.3

$4.6

$4.1

$4.5

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Hotel Occupancy Taxes Paid Downtown Fort Worth

Hospitality: Downtown Fort Worth hotels have consistently outperformed the national market and other large markets in the Dallas-Fort Worth metropolitan area. As a result, a new wave of hotel development is occurring in Downtown. The 245-room Hampton Inn & Suites was completed in 2017 next to the Fort Worth Convention Center, as was the 114-room Fairfield Inn & Suites. Aloft is remodeling six floors of One City Place tower into a 180-room hotel, which will be completed in early 2018. These three projects combined with three other hotel projects currently in the planning process are poised to bring an additional 1,111 rooms to Downtown.

The occupancy rate in 2017 was 74.4%, higher than the national average of 65.9%. Revenue per available room (RevPAR) was $123.24, significantly above the national average of $83.57.

Hotel occupancy taxes paid in Downtown averaged $4,353,006 per quarter in 2017.

While 20.5% of all Fort Worth hotel rooms are located Downtown, 34.5% of all Fort Worth hotel occupancy taxes were paid in Downtown.

Hampton Inn & Suites

Hotels in Downtown Fort Worth generate 34.5% of all annual

hotel occupancy taxes in the city.

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Retail: The Downtown retail market continues to perform well. With strong year-over-year growth, Downtown continues to attract national and local retailers and restaurants.

Retail occupancies maintained a robust rate of 97.1% in existing space. The average rent per square foot for retail space in Downtown was $29.27.

Cumulative Value of Building Permits Downtown Fort Worth, 2002 – 2017

$752

$956$1,064

$1,171 $1,223 $1,374

$1,446

$1,566$1,672

$0

$500

$1,000

$1,500

$2,500

$2,000

2002-07 2007 2009 2010 2011 2012 2013 2014 2015 2016 2017

$106

$0

$50

$100

$150

$250

$200

$300

2015 2016

$280

$80

2017

Millions

Millions

$1,952$2,032

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th

Annual Permits

Retail Occupancy Rate

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92.7

%

95.6

%

93.3

%

93.3

%

95.5

%

93.9

%

90%

91%

92%

94%

93%

96%

95%

97%

98%

4Q 2013 4Q 2014 4Q 2015

94.1

%

96.4

%

94.3

%

4Q 2016

95.2

%

95.3

%

95.1

%

95.3

%

97.1

%

95.5

%

4Q 2017

DFW Downtown Fort Worth USA

H&M in Sundance Square


$466 Million in New Construction

Permits from 2015-2017

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Frost Tower Fort Worth


Companies get more in Downtown.Pier 1, Alcon, GM Financial, Morningstar, TPG Capital, Cash America…the list of companies with a presence in

Downtown goes on and on. Companies get more than just their office space when they locate in Downtown.

From scores of restaurants and stores within easy walking distance to hotels, conference facilities and mass

transit, Downtown is Fort Worth’s leader in office-related amenities. The new Frost Tower Fort Worth

adds 259,000 square feet of new Class A office product to the market.

45,285 jobs in Downtown

1,570 private businesses

$3 BILLION in private payroll

2,881 hotel rooms

253,326 sq. ft. convention center*Source: CoStar

5-year growth in Class A office space inventory: 10.8%Downtown has 50 square feet of retail space for every 1,000 square feet of office space*

13.6113.69 13.66 13.66

13.75

13.82 13.82

88.6% 89.9% 88.5%

86.1%

89.0%88.5%

75%

80%

85%

90%

95%

100%

13

13.2

13.4

13.6

13.8

14

2009 2010 2011 2012 2013 2014

Inventory Occupancy Million

square feet

91.5%

2015

13.76

90.1%

2016

13.87

90.6%

2017

Office Inventory and Occupancy Rate Downtown Fort Worth

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Class A Office Buildings

Burnett Plaza 1,024,627777 Main 954,895Bank of America Tower 820,509Wells Fargo Tower 716,533Pier One Imports Building 460,000Two City Place 330,000The Carnegie 280,000Frost Tower Fort Worth* 259,000One City Place 231,365Chase Bank Building 202,123Cash America 135,293Cantey Hanger 86,300The Westbrook 80,607The Cassidy 66,940Commerce Building 66,000100 Lexington Building 63,113The Tower 30,000Source: CoStar*Opening 2018

Burnett Plaza


5,807,305 square feet

of Class A office space

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tOffice Occupancy Rate Fourth Quarter 2017

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73.3

%

88.5

%

88.1

%

74.5

% 86

.1%

87

.8%

88.8

%

89.0

%

88.5

%

0%

20%

40%

60%

80%

100%

2012 2013 2014 2015

80.5

% 91

.5%

89

.0%

2016

77.1

%

90.1

%

90.3

%

77.3

%

90.6

%

90.6

%

2017

Dallas CBD Fort Worth CBD USA

-271

256

-215

-3

-348

-496

-621-252

1,119455

422343

238-643

96-185

-1,200

2010

2011

2012

2013

2014

2015

2016

2017

0 300 800 -700 -200 1,300

Downtown Dallas Downtown Fort Worth

Thousand Square Feet

Net Absorption of Office Space

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Class A Office Occupancy Rates Downtown Fort Worth

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84.9%

88.5%

85.5%

88.9% 88.6% 89.5%

84.3% 84.4%

70%

75%

80%

85%

90%

95%

100%

2007 2008 2009 2010 2011 2012 2013 2014

88.0%

2015

86.4% 87.0%

2016 2017


0%

10%

20%

30%

40%

50%

2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015

Dallas LBJ Expressway North Irving West Plano Dallas Uptown

0%

10%

20%

30%

40%

50%

2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015

15.7% 15.6% 12.0%

12.5%

19.4% 23.8%

19.1%

24.9% 23.8%

23.7%

15.1% 12.8% 13.0%

11.1% 6.8% 7.7%

10.7% 9.2% 10.0%

Downtown Fort Worth Downtown Dallas Dallas Central Expressway Dallas Stemmons Freeway

22.2%

12.8%

22.6%

9.8% 9.9%

26.7% 27.0%

23.4%

27.4%

2016 2016 2016 2016

2016 2016 2016 2016

23.3%

19.0% 13.6% 17.3%

26.6%

15.6% 11.8% 9.8%

21.6%

13.0%

2017 2017 2017 2017

2017 2017 2017 2017

17.8%

15.9%

Office Occupancy Rate Fourth Quarter 2017

Metro Area Class A Office Vacancy Rates

2016 2013 2014 2015 2016 2013 2014 2015 2016 2013 2014 2015

2016 2013 2014 2015 2016 2013 2014 2015 2016 2013 2014 2015 2016 2013 2014 2015

9.8%

16.8%

14.4%

22.0% 19.4%

23.0%


18.8%

25.7% 24.2%

9.9% 10.1%

0%

10%

20%

30%

40%

50%

15.2%

10.5% 10.1%

11.7%

8.8% 10.5%

10.6%

2017

13.2%

11.0%

2017

9.8%

2017

11.5% 23.9%

2017

24.7%

13.6%

13.3%

2017

14.5%

17.5%

25.5%

21.2%

2017

19.3%

22.9% 22.7%

2017

21.9%

0%

10%

20%

30%

40%

50%

2016 2013 2014 2015


13.9% 11.0% 8.5%

2017

9.9% 9.4% 22.0%

Metro Area Office Vacancy Rates

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

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

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7

0%

10%

20%

30%

40%

50%

0%

10%

20%

30%

40%

50%

2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015


2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015


2016 2016 2016 2016

2016 2016 2016 2016

2017 2017 2017 2017

2017 2017 2017 2017

$28.55

$28.74

$29.22 $28.16 $18.31 $18.61

$16.48

$25.79 $19.62

$22.03 $27.63

$23.25

$25.63 $32.42

$28.96

$29.72 $39.91

$31.21

$35.69

$26.69

$25.69

$32.53

$40.28

$29.40

$26.26

$22.81 $23.36

$26.04 $28.50

$18.68

$23.44

$24.86 $28.66

$18.43

$24.67 $26.72 $32.03

$37.80

$24.96 $27.13

0%

10%

20%

30%

40%

50%

0%

10%

20%

30%

40%

50%

2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015

2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 2015

2016 2016 2016 2016

2016 2016 2016 2016

2017 2017 2017 2017

2017 2017 2017 2017



$20.86

$21.28

$19.90

$23.28 $18.72 $19.71

$22.13

$22.72

$13.77 $13.87 $15.65

$18.01

$15.65

$16.81

$17.84 $18.84 $20.16

$23.67

$32.69

$25.58

$30.06

$19.11 $26.22

$32.01

$22.74 $17.94

$19.09

$21.26

$25.16

$16.10 $20.92

$20.36

$23.42

$14.89

$17.39 $20.65 $31.49 $21.09

$19.84

$22.36


Average Office Rental Rates Downtown Fort Worth

$24.97 $28.52

$25.92 $24.96 $26.80 $27.52

$29.22

$19.10 $20.14

$18.08 $18.29 $19.05 $19.60

$20.86

$15

$20

$25

$30

$35

2007 2008 2009 2010 2011 2012 2014 2013

Class A Class B

$28.74

$21.28

2015

$28.66

$19.90

2016

$28.55

$20.92

2017

$29.40

$22.36

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Downtown, the Near Southside and the West Side combined generate $6,043,171,000 in annual payroll. Downtown Fort Worth has the highest number of employees and generates the largest payroll among all the employment centers in the county.

$43,397

$84,689

$64,447

$0

$30,000

$60,000

$90,000

Downtown Near Southside Cultural District

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Average Payroll Per Employee in Private Sector

ZIP CODE (SUBMARKET)PRIVATE SECTOR

EMPLOYEES PAYROLLPAYROLL PER

EMPLOYEE

76102 (Downtown) 36,437 $3,085,798,000 $84,689

76104 (Near Southside) 29,096 $1,875,145,000 $64,447

76107 (West Side) 24,938 $1,082,228,000 $43,397


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$32.53

$21.02

$25.69

$29.00

$29.40

$18.12

$40.28

$18.68

$41.00

$26.69

$28.50

$26.04

$26.22

$18.70

$21.09

$24.02

$22.36

$26.23

$32.01

$16.10

$32.38

$19.11

$25.16

$21.76

$0 $5 $10 $15 $20 $25 $30 $45 $35 $40

West Plano

Mid-Cities

North Irving/Las Colinas

Fort Worth Southwest

Downtown Fort Worth

Alliance

Dallas Uptown

Dallas Stemmons Freeway

Dallas Preston Center

Dallas LBJ

Dallas Central Expressway

Downtown Dallas

Class A Class B

Unemployment Rates in 2017

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on

4.8% 4.7%

4.5% 4.4% 4.3% 4.3% 4.3% 4.4%4.2%

4.1% 4.1% 4.1%

4.2%

4.5%

4.5% 4.1% 4.0% 4.2%

3.1%

3.3%

3.3%

4.3%

4.0%3.9%

4.2%

3.9%

4.1%

3.5%3.1%

3.3%

3.3%

3%

4%

5%

6%

Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17

Dallas Fort WorthUSA

4.6%

3.5%

4.0%4.5%4.3%


Business Profile – Number of Businesses Per Category Downtown Fort Worth

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201

5

36

5

27

57

94

386

86

89

30

122

52

87

6

256

9

38

20

76

94

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

National Regional Office Statistics 4Q 2017AVERAGE ASKING

RENTOVERALL

VACANCY RATE

Atlanta $23.21 11.6%

Austin $33.77 8.1%

Boston $22.65 7.9%

Chicago $23.71 13.0%

Dallas/Fort Worth $25.01 14.7%

Denver $26.32 10.5%

Houston $27.76 16.3%

Los Angeles $35.03 10.5%

New York $65.96 8.1%

Philadelphia $22.94 8.3%

Phoenix $24.57 14.7%

Seattle $32.39 7.6%

Washington, DC $35.88 14.0%Source: CoStar

Total private employees: 36,437

Total number of businesses: 1,570

Annual payroll: $3,085,798,000



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Lifesty

le 3

6.7

%

School 2.2%

Community 3.4%

Convenience 12.0%

Location 30.9%

Work 14.8%

Reason for Living Downtown

Lifestyle was selected as the primary reason for living Downtown by 44.9% of condo/townhome owners

and 28.6% of apartment renters.

Living the Downtown lifestyleThe Downtown residential inventory is growing dramatically. In 2017, 1,516 new units were under

construction or completed. This new product will result in a 35.8% increase of the number of

Downtown units. A testimony to the appeal of the Downtown as a place to live; only 14.8% of

Downtown residents list Downtown as their workplace. 36.7 % of Downtown residents

report that they live downtown because of the lifestyle.

Broadstone 5th and Summit construction


Very unsafe 0.6%Unsafe 4.0%

Very Safe

Safe65.8%

29.7%

Neighborhood Safety Downtown Fort Worth

Residents perceive Downtown as safe.

• 95.4% of residents ratedtheir neighborhood as safeor very safe.

• 98.8% of residents feel safeor very safe walking inDowntown during the day.

• 86.2% of residents feel safeor very safe walking inDowntown after dark.

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Downtown has maintained a 95.7% average apartment occupancy since 2011,

while increasing inventory by 29.4%

7,783 people live in DowntownDensity of 2,262 residents per square mile in Downtown

(1,121 housing units/sq mile)

City of Fort Worth density of 2,387 residents per square mile (565.3 housing units/sq mile)

$258,000 median sale price of Downtown condos/townhomes purchased in 2017

17.8% increasein average apartment rent since 2010-$1,531/2010 to $1,804/2017

$734,000: top Downtown condo sale in 2017

19.6% of the 2017 condo sales in Fort Worth were located in Downtown82.7% of Downtown condo owners have income greater than $100,000

Downtown residents median household is 91% greater than national median income

82% of Downtown residents have a bachelors degree or higher

Downtown residents spend on average $58 million a year in Downtown restaurants, bars and retail

Downtown added 93 residential units in three projects in 2017

2,543 residential rental units planned or under construction will increase the Downtown housing stock by 58.8%


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Housing affordability has been one of Fort Worth’s competitive advantages. In 2016, the median value of a home in Fort Worth was $131,100, compared to $257,800 in Austin and $152,600 in Dallas. The median home value in the U.S. was $184,000. (U.S. Census 2016)

Currently, there are 939 owner-occupied condominiums and townhomes Downtown, up 900 units, a 2,308% growth since 2003. The median sale price of a home in Downtown Fort Worth was $258,000 in 2017.

Residential – For Rent

The rental market remained at historically high occupancy. Currently, there are 2,906 units in Downtown with monthly rents ranging from $1,100 to $7,800 (4Q 2017). The occupancy rate of rental units in Downtown has stayed above 94% since 2010. Although 380 units became available in 2016 and 2017 (a 15.1% increase), occupancy remained above 95% and finished the year at 96.7%. During the national recession that lasted from December 2007 through June 2009, apartment occupancy in Downtown did not decline below 92% in any quarter, despite hefty additions to the inventory.

Top 10 State Population Gain April 1, 2010, through July 1, 2016

367,179

621,691 Georgia

410,767Virginia 511,221Colorado

538,770Arizona

563,455 Washington 611,100 North Carolina

1,807,847

1,995,495

2,716,496

0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000

New York

Florida

California

Texas

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Fastest-Growing Metropolitan Areas Population Added April 1, 2010, through July 1, 2016

343,605

359,094

468,410

481,486

495,561

500,089

502,975

587,163

807,082

851,971

0 100,000 200,000 300,000 600,000 900,000 800,000 700,000 400,000 500,000

Phoenix-Mesa-Scottsdale, AZ

Seattle-Tacoma-Bellevue, WA

San Francisco-Oakland-Hayward, CA

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

Los Angeles-Long Beach-Anaheim, CA

Miami-Fort Lauderdale-Pompano Beach, FL

Houston-The Woodlands-Sugar Land, TX

Atlanta-Sandy Springs-Roswell, GA

Dallas-Fort Worth-Arlington, TX

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

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Regional City Population Change 2000 – 20162000 2016 % CHANGE

Austin, TX 656,562 947,897 44.4%Baton Rouge, LA 227,818 227,707 0.0%Dallas, TX 1,188,580 1,317,942 10.9%El Paso, TX 563,662 683,088 21.2%Fort Worth, TX 534,694 855,897 60.1%

Houston, TX 1,953,631 2,304,388 18.0%Little Rock, AR 183,133 198,546 8.4%Oklahoma City, OK 506,132 638,311 26.1%San Antonio, TX 1,144,646 1,492,484 30.4%Shreveport, LA 200,145 194,472 -2.8%Tulsa, OK 393,049 403,622 2.7%Source: U.S. Census Bureau

Regional City Change in Median Family Income 2000 – 2016CITY 2000 2016 % CHANGE

Austin, TX $54,091 $86,615 60.1%Baton Rouge, LA $40,266 $54,726 35.9%Dallas, TX $40,921 $51,388 25.6%El Paso, TX $35,432 $49,389 39.4%Fort Worth, TX $42,939 $64,019 49.1%

Houston, TX $40,443 $52,603 30.1%Little Rock, AR $47,446 $62,962 32.7%Oklahoma City, OK $42,689 $65,791 54.1%San Antonio, TX $41,331 $57,031 38.0%Shreveport, LA $37,126 $43,945 18.4%Tulsa, OK $44,518 $55,085 23.7%USA $50,046 $71,062 42.0%Source: U.S. Census Bureau

The Dallas- Fort Worth

metropolitan area population grew by

807,082 from 2010–2016.


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Fort Worth Residential Population

With the addition of more apartments, the Downtown Fort Worth residential population is becoming more diverse, wealthier and better educated and has grown at an annual rate of 6.3% since 2007. Currently, 7,783 people live in Downtown. DFWI has conducted five surveys of residents since 2007 to monitor trends in the changing demographics of the Downtown population. Our latest survey was conducted in December 2017.

A one-sheet survey instrument was delivered to 3,128 households in Downtown using first-class postage. The response rate was 11.1%, providing a margin of error of +/-.5% at a 95% confidence level.

A summary of the survey and trends are presented here. The full report will be available spring of 2018 for download from DFWI’s website at www.dfwi.org, or contact Arrie Mitchell at [email protected] to receive a copy.

Median annual household income:

Median household income in Downtown is $113,000

Downtown resident’s previous place of residence

18.5% within five miles of Downtown

44.5% within 10 miles of Downtown

55.8% within 20 miles of Downtown

67.3% within the Metroplex

Employment:19.7% Health Care11.8% Education�11.8% Science &

Engineering11.8% Finance7.4% Real Estate5.9% Retail6.7% Government6.1% Law

38.8% of Downtown residents are under 40 years old

62.1% of apartment renters are under 40 years old

54.5% of Downtown residents have income greater than $100,000

52.2% of Downtown residents are unmarried

94.5% of households have no children living in the household

Downtown residents are highly educated. 44% of residents have a

bachelor’s degree

25.2% a master’s degree

12.9% a doctoral degree

(including JDs)

UTA Fort WorthLifestyle was cited as the primary reason for living Downtown by 44.9% of condominium/townhome owners and 28.6% of apartment renters


Downtown Population Study Area

Age Distribution Downtown Fort Worth Residents

5.2%

1.3%

9.8%

33.6%

17.1%

52.3%

24.2%

28.5%

19.0% 20.8%

29.1%

11.8%

16.2%

24.1%

7.2%

0%

10%

20%

40%

30%

60%

50%

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

62.1%

37.9% 18.4%

81.6%

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

4.5%

95.5%

5.5%

94.5%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

With children Without children

2014 2017

44.2%

55.8% 52.2%

47.8%

0.0%

20.0%

40.0%

60.0%

80.0%

Married Not married

2014 2017

Highest Degree Completed

44.0%

38.2%

18.5%

9.1%

19.3%

11.9%

0%

20%

40%

60%

Bachelor’s Graduate/Professional

Downtown Fort Worth USA

Highest Degree Completed Downtown Fort Worth

48.1%

36.9%

44.0%

38.2%

0.0%

20.0%

40.0%

60.0%

80.0%

Bachelor’s Graduate

2014 2017

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Sundance Square Plaza


Household Income Trends Downtown Fort Worth

41.7% 48.9%

9.4% 4.4%

41.1%

54.5%

0.0%

20.0%

40.0%

60.0%

Less than $50,000- $100,000

2014 2017

1.1%

27.1% 27.2%

3.3%

18.1% 18.2% 19.6% 19.2%

17.8%

21.5% 21.6% 20.6%

54.5%

14.0% 16.2%

0%

10%

20%

30%

40%

50%

60%

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

$50,000- $74,999

$75,000-$100,000

More than$100,000


0.8% 0.0% 4.7%

1.5%

27.3%

6.0%

21.1%

9.8%

46.1%

82.7%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

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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Trinity Terrace

41.7% 48.9%

9.4% 4.4%

41.1%

54.5%

0.0%

20.0%

40.0%

60.0%

Less than$50,000

$50,000- $99,999

$100,000 and above

2014 2017

1.1%

27.1% 27.2%

3.3%

18.1% 18.2% 19.6% 19.2%

17.8%

21.5% 21.6% 20.6%

54.5%

14.0% 16.2%

0%

10%

20%

30%

40%

50%

60%

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

$50,000- $74,999

$75,000- $100,000

More than$100,000



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7.2

7.5

6.9

5 6 7 8 9 10

All Residents

Condo/Townhome Residents

Apartment Residents

$101.67

$125.51

$80.58

$0 $20 $40 $60 $140$100 $120$80

All Residents


Apartment Residents

All Residents


Apartment Residents

All Residents


Apartment Residents

4.2

3.9

4.5

0 1 2 3 4 5 6

$58.61

$67.10

$52.19

$0 $30 $10 $20 $40 $60 $50 $70

Downtown residents patronize Downtown businesses.

97.8% go to Downtown restaurants, 84.4% to bars, 71.8% to convenience/drug stores and 73.7% to retail stores. Condominium and townhome owners eat at Downtown restaurants an average of 7.5 times per

month and spend $125.51 per visit. Apartment renters eat at Downtown restaurants an average of 6.9 times per month and spend $80.58 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

7.2

7.5

6.9

5 6 7 8 9 10

All Residents


Apartment Residents

$101.67

$125.51

$80.58

$0 $20 $40 $60 $140$100 $120$80

All Residents


Apartment Residents

All Residents


Apartment Residents

All Residents


Apartment Residents

4.2

3.9

4.5

0 1 2 3 4 5 6

$58.61

$67.10

$52.19

$0 $30 $10 $20 $40 $60 $50 $70

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

2.5

2.2

2.6

0 1 2 3 4 5

$40.05

$42.21

$38.24

$37 $39 $41 $43

All Residents


Apartment Residents

All Residents


Apartment Residents

1.7

2.0

1.5

0 1 2 3 4 5

$108.83

$131.06

$85.79

$0 $50 $100 $150

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Very Clean

Clean

Very unclean 0.0%

Unclean 3.9%

52.9%

43.2%

Street and Sidewalk Cleanliness Downtown Fort Worth

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Residents perceive Downtown as clean.

96.1% of residents rated the streets and sidewalks Downtown as clean or very clean.

Houston Place Lofts


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Number of Residential Units Sold

0

2,000

4,000

12,000

6,000

8,000

10,000

14,000

Dallas Fort Worth

Single-Family Residences Condos/Townhomes

9,216

12,442

3,284

568

8,609

11,781

3,239

479

Dallas Fort Worth

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

2012 20.6% 3.5%2013 33.6% 3.9%2014 26.9% 4.5%2015 39.4% 4.2%2016 37.6% 4.1%2017 35.6% 4.6%Source: North Texas Real Estate Information Systems, Inc.

Condominiums and Townhomes Built and Sold Downtown Fort Worth

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394 112 0 10 110 0 0 0

103

56

36 47 39

62 63

102

0

50

100

150

200

250

300

350

400

450

2007 2008 2009 2010 2011 2012 2013 2014

0 0

2015 2016

Built Sold

100 94

2017

110

20172016

Market Opportunity

250 Lancaster


Median sales price for Downtown

condos and townhomes increased

31.6% since 2010.

Average Residential Sales Price Per Square Foot Condominiums and Townhomes 2017

North Texas Downtown Dallas Downtown Fort Worth

$164

$257

$243

$0

$50

$100

$150

$200

$300

$250

Median Sales Price Condominiums and Townhomes 2017

$213,000

$280,000

$258,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


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Average Days on Market Condominiums and Townhomes 2017


41

52

66

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

2009 286 36 12.6%2010 242 47 19.4%2011 216 39 18.1%2012 315 62 19.7%2013 395 63 15.9%2014 495 102 20.6%2015 483 100 20.7%2016 479 63 19.6%2017 568 110 19.4%Source: North Texas Real Estate Information System, Inc.

19.4% of all condominiums and townhomes sold in Fort Worth in 2017 were in Downtown.


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Median Residential Sales Price Per Square Foot Downtown Fort Worth

$188 $198

$230

$286

$219

$183 $196

$242 $243 $243

$0

$50

$100

$150

$200

$250

$300

2013 2014 2015 2016 20172008 2009 2010 2011 2012

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Median Residential Sales Price Downtown Fort Worth

$190,000

$219,000

$258,000$252,450

$225,450

$281,000

$196,000

$262,750

$219,900 $212,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

2008 2009 2010 2011 2012 2014 2015 2016 2017 2013

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Lincoln Park at Trinity Bluff


$2,000

$1,900

$1,700

$1,800

$1,600

$1,500

$1,400

2014 20151Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20161Q 2Q 3Q 4Q

20171Q 2Q 3Q 4Q

$1,552

$1,518

$1,572 $1,565

$1,605 $1,606

$1,657

$1,599

$1,607

$1,727

$1,861

$1,739

$1,789

$1,886

$1,803

$1,547

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99.0%

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

2014 2015 20161Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20171Q 2Q 3Q 4Q

96.5%

94.6% 94.7%

96.5%96.9%

97.8%

95.1%

96.3%

95.6%

97.5%

96.5%96.9%

97.1%96.7%

96.0%96.7%

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Average Apartment Occupancy Rate Downtown Fort Worth

$1.80

$1.70

$2.00

$1.90

$1.60

$1.50

$1.30

$1.40

2014 2015 20161Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

20171Q 2Q 3Q 4Q

$1.43

$1.40

$1.50 $1.47

$1.54$1.58 $1.56

$1.65$1.61 $1.62

$1.73

$1.87

$1.76

$1.81

$1.90

$1.83

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Average Apartment Rent Per Square Foot Downtown Fort Worth

Average Apartment Rent Downtown Fort Worth


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Residential Units Planned, Announced and/or Under Construction Downtown Fort Worth

PROJECT UNITS YEAR

Broadstone 5th and Summit 345 2018Alexan Summit 380 2018311 Nichols 56 2018Burnett Lofts 254 2019Kelley at Samuels Avenue 353 2019The Worth 138 2019Hilton Annex 143 2019The Hampton 350 2020901 Commerce 250 2020Rocklyn 274 20207th and Summit TBD 2020Total 2,543Source: Downtown Fort Worth, Inc.

Average Monthly Apartment Rent Per Square Foot Downtown Fort Worth

$1.69$1.83

$0.00

$0.50

$1.00

$1.50

$2.00

2017

$1.45

2014 2015

$1.58

2016

$1,804

$1,682

$1,450

$1,500

$1,550

$1,600

$1,650

$1,750

$1,850

$1,700

$1,800

2014 2015

$1,547

$1,608

2016 2017

Average Monthly Apartment Rent Downtown Fort Worth

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2,543 units currently planned

or under construction.

The Worth

Burnett Lofts


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

2016-2017 9.4% 11.0%2011 – 2014 5.4% 12.4%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

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

2016-2017

542

347

37

13939 units as of 2017

Increase of

145% since 2005

Pre-1999

0

500

1,000

1,500

3,000

2,500

2,000

2000-2005

2006-2010

2011-2015

583

2802016-2017

380

209

1,454

2,906 units as of 2017

Increase of

100% since 2000

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Business and leisure travelers agree, Downtown is the place to stay.Downtown Fort Worth hoteliers roll out the welcome mat and more hotels are on the way. As the hub

of Fort Worth’s visitor attractions, Downtown is home to 2,881 hotel rooms, 20.5% of the city’s

inventory. In 2017, 359 new rooms were added to the market and construction started on two more

properties that will add an additional 344 rooms. Plans are being drawn for an additional two hotels

totaling 408 rooms. The addition of the recently completed as well as planned and under construction

rooms will increase the Downtown inventory by 44.1%.

With 690,000+ room nights sold in 2017, the average hotel occupancy was 74.4% with

$123.24 revenue per available room (RevPAR).

Downtown paid 34.5%

of Fort Worth’s occupancy taxes in 2017

$116+ MILLION in Downtown hotel revenue in 2017

Hotels Planned (P) or Under Construction (UC)

HOTEL ROOMS

Aloft (UC) 180

Hilton Garden Inn (P) 162

AC Hotel (P) 246

Marriott Autograph (UC) 164

Total 752Source: Downtown Fort Worth, Inc.

Marriott Autograph Hotel, under development in historic Sinclair Building

35

Plano 7.0%

Richardson 3.1%

Arlington 8.2%

Irving 16.8%

Grapevine 6.4% Fort Worth without Downtown 12.9%

Dallas 42.5%

Downtown Fort Worth 3.2%

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Downtown Dallas

Downtown Fort Worth

USA

60 % 65 % 70 % 75% 80%

65.9%

74.4%

65.3 %

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Hotel Occupancy 2017

Plano 6.3%

Richardson 2.6%

Arlington 6.3%

Irving 15.2%

Grapevine 12.0% Fort Worth without Downtown 9.2%

Dallas 43.6%


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Area Hotel Revenue Share

Area Hotel Room Supply


Hilton Fort Worth Hotel

Fairfield Inn & Suites

Average 2017 Revenue Per Available Room

Arlington $21,287Dallas $28,612Downtown Fort Worth $42,630Fort Worth without Downtown $19,962Grapevine $52,458Irving $25,182Plano $25,390Richardson $23,017Source: Texas Comptroller of Public Accounts

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$94.19

$111.55

$74.04

$101.74

$115.49

$78.67

$110.00

$130.00

$120.00

$100.00

$90.00

$80.00

$70.00

$60.00

$50.00

$40.00

20152014 2016

$106.28

$114.23

$81.19

$109.18

$123.24

$83.57

2017

Dallas CBD Fort Worth CBD USA

Hotel Revenue Per Available Room

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4Q 13 1Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q 16 3Q 16 4Q 16

40.4%

42.2%

38.7%

39.6% 41.5%

40.5%

38.3%

39.3%

40.3%

30.0%

35.0%

40.0%

45.0%

50.0%

38.9% 37.8%

35.9%

37.3%

1Q 17 2Q 17 3Q 17 4Q 17

36.0% 35.0%

33.0% 34.1%

Percentage of City Hotel Occupancy Taxes Paid by Downtown Hotels

Source: Texas Comptroller of Public Accounts

Sharaton Fort Worth Hotel

IH 35W SB IH 3

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WEATHERFORD

CONVENTION CENTER

SUNDANCE

SQUARE PLAZA

2

12

116 7

5

10

4

3

1

9

8

IH 35W SB IH 3

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CONVENTION CENTER

SUNDANCE

SQUARE PLAZA

2

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116 7

5

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9

8

Current Hotel Room Inventory

HOTEL ROOMS

1. Omni Fort Worth Hotel 614

2. Worthington Renaissance 504 Hotel

3. Sheraton Fort Worth 430 Hotel

4. Hilton Fort Worth Hotel 294

5. Hampton Inn & Suites 245

6. Downtown Fort Worth 203 Courtyard-Blackstone Hotel

7. Embassy Suites Fort Worth 156 Hotel Downtown

8. Marriott TownePlace Suites 140 Fort Worth Downtown

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

10. Fairfield Inn and Suites 114

11. The Ashton 39

12. Etta’s Place 10

Total 2,881


54.1%

71.3%

61.1%

78.0%

81.9%

68.0% 67.4%

77.4%

67.8%

81.2%

78.6%

73.3%

73.8%

68.0%69.6%

77.8%

69.5%

80.2%

61.5%

75.1%

54.0%

54.4%



69.6%

70.7%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

Seasonal Hotel Occupancy Rates

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Seasonal Revenue Per Available Room (RevPAR)

$105.46



$119.79

$135.67

$137.96$132.33

$140.41

$126.26

$106.40

$133.94

$140.96

$122.16

$79.40

$0

$20

$40

$60

$80

$100

$120

$160

$140

$65.34

$75.45

$86.93 $85.12 $85.89

$94.67 $96.62$90.35 $89.48 $90.52

$75.50

$65.85

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Left: Aloft Hotel, Right Top: AC Hotel, Bottom Right: Hilton Garden Inn

752 rooms planned or under

construction.

39

2014 2015201320122011


$50

$70

$90

$110

$130

$150

$170

$190

$101.80

$106.02

$109.98

$144.82

$146.82

$154.68

$115.14

$161.76

$120.30

$164.92

2016

$123.97

$162.19

2017

$126.72

$165.62

Fort Worth Convention Center Facts

Total arena 70,960 SFPermanent seats in the arena 10,418Temporary seats in the arena 3,266Total exhibit hall 182,266 SFTotal exhibit space 253,226 SFBallroom space 28,160 SFNumber of meeting rooms 41Hotel rooms within a 15-minute walk 2,230

Source: Visit Fort Worth

Largest Conventions 2017 by Hotel Rooms Reserved Downtown Fort WorthNAME ROOMS

RESERVEDSHOW ATTENDESS

2017 A-Kon 6,611 32,000Premier Designs, Inc. 6,451 9,0002017 National Conference on Race and Ethnicity in American Higher Education (NCORE)

6,394 1,800

2017 Air Medical Transport Conference

4,877 2,500

2017 Schedulers and Dispatchers Conference

4,777 3,500

2017 CS Week Conference 4,678 1,500Texas Emergency Medical Services 2017 Annual Conference

4,358 2,500

American Cheerleaders Association 2017 National Championships

4,317 14,000

Conference for the Advancement of Mathematics Teaching

4,271 7,000

Nations Best Sports 2017 Spring Semi-Annual Market

4,104 1,800

Source: Visit Fort Worth

Average Daily Hotel Room Rate (RevPAR)

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RevPAR in Downtown Fort Worth

was 40.6% higher than the

national average.

40

Ret

ail

4.2+ monthly visits to Downtown retailers and convenience stores

$109 average spent per retail visit11.4 average monthly visits to Downtown restaurants and bars

$1 1 average spending per restaurant visit


Downtown has it all – dining, 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 add

to the urban mix. These diverse offerings and the

vibrant street life they foster make Downtown more

attractive to Fort Worth locals, regional day trippers,

out of town visitors and Downtown residents.

Downtown has a 97.1% retail occupancy rate

and soft goods retail is making gains. Several new

retailers and restaurants have opened in Downtown,

including 3rd Street Bar and Grill, Black Rooster,

Chophouse Burger, Earthbound Trading Company,

Francesca’s, Hooters, In the Sack, Istanbul Grill, Meso

Maya, Parts Unknown, Sons of Liberty Coffee, Verizon

Wireless, Waters, and Yours Truly.

Spending by Downtown residents in Downtown

$58 MILLION+ annual spending by residents in Downtown

Sundance Square Retail

41

As the 10th-largest economy in the world, with a GDP of $1.6 trillion, the Texas economy continues to fare better than those of many other states. For the 14th 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 2017 totaled more than $264 billion.

Texas’ top exporting industries in 2017 were petroleum and coal products, chemicals, computer and electronic products, non-electrical machinery and transportation equipment.

Downtown Fort Worth Private-Sector Employees, Businesses and Payroll

Total Downtown private-sector employees 36,437

Annual payroll $3,085,798,000Average payroll per employee $84,689Number of business establishments 1,570

Source: U.S. Census Bureau 2015

Texas Exports to Our Top Partners

Mexico $97.5 billionCanada $22.2 billionChina $16.3 billionBrazil $9.9 billionSouth Korea $9.8 billionSource: U.S. Census Bureau 2017


$89.8

$42.7

$18.3

$9.1 $7.3

$0

$10

$20

$30

$40

$50

$60

$70

$80

Mexico China Canada South Korea Saudi Arabia

Billions

$100

$90

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Top Import Partners for Texas Goods

95.6%

92.7% 93.3%

80%

85%

90%

95%

100% USADFWDowntown Fort Worth

4Q 2013

95.5%

93.3% 93.9%

4Q 2014

96.4%

94.1% 94.3%

4Q 2015

95.3% 95.2% 95.1%

4Q 2016

97.1%

95.3% 95.5%

4Q 2017

Downtown Retail Occupancy Rate

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Downtown Fort Worth $29.27


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

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

97.5%

91.9%

97.1%

93.5%

92.3%

93.8%

95.4%

96.1%

96.6%

95.4%

96.9%

95.8%

94.1%

97.1%

92.7%

92.3%

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

West Plano

West Frisco

Uptown Dallas


Southlake

Richardson

Park Cities


Northwest Dallas

North Arlington

Las Colinas

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

$23.54

$20.77

$39.66

$15.53

$21.00

$15.61

$30.79

$11.21

$17.18

$14.08

$22.50

$17.58

$8.65

$15.86

$19.86

$17.46

$45

Retail Occupancy Rates for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2017

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Downtown Fort Worth $29.27


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

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

97.5%

91.9%

97.1%

93.5%

92.3%

93.8%

95.4%

96.1%

96.6%

95.4%

96.9%

95.8%

94.1%

97.1%

92.7%

92.3%

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

West Plano

West Frisco

Uptown Dallas


Southlake

Richardson

Park Cities


Northwest Dallas

North Arlington

Las Colinas

Far North Dallas

East Fort Worth

East Dallas

Dallas CBD

Addison

$23.54

$20.77

$39.66

$15.53

$21.00

$15.61

$30.79

$11.21

$17.18

$14.08

$22.50

$17.58

$8.65

$15.86

$19.86

$17.46

$45

Retail Rental Rates ($/SF) for Submarkets in the Dallas-Fort Worth Metropolitan Area Fourth Quarter 2017

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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.

$42.7

$48.3$46.9

$48.6 $52.4 $53.2 $54.1

$59.2

$25

$30

$35

$40

$45

$50

$55

$60

$65

2010 2011 2012 2013 2014

Millions

2015 2016 2017

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Downtown Adult Beverage Sales


Ret

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Household Income Downtown Fort Worth Trade Areas

HOUSEHOLD BY INCOME10 MINUTES DRIVE TIME 20 MINUTES DRIVE TIME

NUMBER OF HOUSEHOLDS

PERCENTAGE OF HOUSEHOLDS

NUMBER OF HOUSEHOLDS

PERCENTAGE OF HOUSEHOLDS

<$15,000 7,814 19.98% 44,425 12.86%$15,000 – $24,999 5,897 15.08% 39,961 11.57%$25,000 – $34,999 5,197 13.29% 40,632 11.76%$35,000 – $49,999 5,688 14.54% 50,604 14.65%$50,000 – $74,999 6,128 15.67% 64,675 18.72%$75,000 – $99,999 3,278 8.38% 41,508 12.02%$100,000 – $149,999 2,767 7.07% 38,521 11.15%$150,000 – $199,999 1,064 2.72% 12,801 3.71%$200,000+ 1,284 3.28% 12,336 3.57%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

Annual Budget Expenditures $49,071 $1,919,496,186 $58,121 $20,078,776,463Apparel and Services $1,540 $60,237,590 $1,799 $621,600,532Retail Goods $15,580 $609,439,439 $18,468 $6,379,874,096Entertainment and Recreation $2,112 $82,633,618 $2,526 $872,521,784Food at Home $3,851 $150,626,245 $4,470 $1,544,101,004Food Away From Home $2,375 $92,912,788 $2,782 $961,174,401Medical Services $725 $28,344,079 $880 $304,075,969Vehicle Purchases $2,659 $104,030,795 $2,926 $1,010,700,419Travel $1,256 $49,136,421 $18,468 $6,379,874,096Owner Dwelling Mortgage Payments $12,051 $222,993,834 $13,217.71 $2,448,764,986Renter Dwelling Rent $8,341 $171,914,809 $9,920.66 $1,589,299,546Consumer 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 $462,080,000 $3,212,541,000Clothing and Clothing Accessories Stores 448 $195,252,000 $952,950,000General Merchandise Stores 452 $276,892,000 $2,823,470,000Non-Store Retailers 454 $82,951,000 $407,783,000Food Services and Drinking Places 722 $475,134,000 $2,066,703,000Accommodation Sales 721 $173,849,000 $432,912,000Arts/Entertainment Recreation Sales 71 $168,221,000 $561,540,000Real Estate/Rent/Leasing Sales 53 $845,286,000 $3,016,898,000NAICS: 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 2016 – 2021 Downtown Fort Worth10 MINUTES DRIVE TIME 2016 2021

Population 109,527 126,395Households 39,117 44,821Average household size 2.80 2.82Owner-occupied housing units 35,596 38,568Renter-occupied housing units 32,269 33,269Median age 32.3 33.1Source: ESRI

10 MINUTES

drive time

20 MINUTES

drive time

Sundance Square Plaza

46

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Downtown Fort Worth is known for its outstanding quality of life. It is constantly recognized as a safe, clean and exciting place to live, work and play. By providing

a wide range of amenities, services and activities, our city center offers something for everyone.

From cosmopolitan cultural experiences, relaxing parks and special events to fun entertainment

options and action-packed outdoor opportunities, Downtown presents an excellent environment

for urban livability.



DFWI's Main Table

Entertainment Home to the Main St. Fort Worth Arts Festival and XTO Parade of Lights

290,000+arts venue attendance

Parks/Recreation

385 acres of park land servicing Downtown

Access to 72 miles of riverfront trails for running, walking, cycling and horseback riding

Downtown’s Trinity Waterfront offers seasonal canoeing, kayaking, paddle boarding and fishing.

3,811 free night and weekend parking spaces

412,000+ items in circulation at the Central Library

6 childcare centers

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Created in 1986, Downtown Fort Worth Public 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, litter removal and bird abatement. In November 2017 DFWI established a new Ambassador Program that provides hospitality services including directions, safety escorts and motorist assistance. Ambassadors are also trained to connect those in need to proper social services while providing support to Downtown safety providers (both public and private). 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 the property value and 80% of the land area in the district. PID #14 was established in June 2009. District contractors provide sidewalk maintenance, supplemental trash pickup and hospitality services along Samuels Avenue.

IH 35W SB IH 3

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9TH

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14TH

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CHESAPEAKE ENERGY

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7TH3RD

5TH

13TH

WEATHERFORD

BELKNAP

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SAMUEL AVENUE

PID #1

PID #14

PID Districts

SUNDANCE

SQUARE PLAZA

$2,928,000 in services annually

7,488 miles of curb and gutters cleaned annually/144 miles weekly

1,249 trees serviced within PIDs (361 within the core)(does not include trees on private property or in the parks)

1,984 cubic yards (53,568 cubic feet) of dirt/debris removed from streets, curbs and gutters annually

15,660 linear miles of sidewalks cleaned annually

218 Downtown trees lighted (30 new trees along Samuels Avenue and six along Houston Street)

17 full-time clean-team members

13 Ambassadors

27 dump trucks of recyclable material collected each year

13,500 square feet of planters in bloom year round

75,000 plants planted annually



Tax Increment Financing District #3

A significant 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 over $96 million, leveraging $761 MILLION in private development and facilitating $51.6 million in public investment. In Tax Year 2016 the TIF generated $15.7 million of tax increment to the taxing district partners. The TIF is capped in revenues at $5 million per year; the remainder of the tax increment, $10.7 million, was returned to the taxing jurisdictions.

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

IH 35W SB IH 3

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15TH

13TH

14TH

HOUSTON

12TH

LANCASTER

VICKERY

JARVIS

ADAM

S

ALAB

AMA

COLL

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LIPS

COM

B

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PHIL

L

LUELLA

11TH

9TH

ELM

13TH

TEXAS

PRESIDIO

EL PASO

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DAGGETT

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WENNECA

14TH

15TH

SUNS

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10TH

PEACH

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TAYLORTHROCKM

ORTONM

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MERCE

CALHOUN

PECAN

ELMTERRY

CRUMP

SPUR 280

HARDINGSNICHOLS

JONES

PECAN

1ST

2ND

3RD

4TH

6TH

8TH

9TH

BELKNAP

MILLS

7TH

PIER 1

MON

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LAM

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FOUR

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11TH

IH33

WNB

IH30 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

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

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’s

City PlaceGarage/Retail

Westbrook, Commerce Buildings

City’s TIF Contribution TIF Costs Investments Tax Increment

$1,094.45

$611.25

$58.94

$28.46

CassidyBuilding

Hunter Plaza

$322

$1,061

$0

$200

$400

$600

$1,000

$800

$1,200

Before TIF Value

CurrentTIF Value

Millions

Taxable Value of TIF$1,000

$1,100

$1,200

Millions

Sour

ce: D

ownt

own

Fort

Wor

th, I

nc. a

nd T

arra

nt C

ount

y A

pp

rais

al D

istr

ict

Downtown TIF Costs, Investments and Tax Increment


Ed

uca

tion

9,358 higher education students Downtown in 2017

• potential customers

• future workforce

• potential residents

Downtown higher education enrollment has grown by 1,246% in 15 years

2003 695

2017 9,358

881 K-12 students Downtown in 2017

Top: Tarrant County College River Campus, Bottom Left: STEM and VPA School Construction, Bottom Right: Nash Elementary School Mural

Education is a key part of Downtown’s appeal to residents and companies. Texas A&M School of Law, UTA Fort Worth and Tarrant County College have a growing presence

in Downtown, creating workforce education opportunities. Downtown’s elementary and high

school offerings are top performers. Fort Worth ISD’s new flagship Science Technology

Engineering and Math (STEM) and Visual Performing Arts (VPA) programs will open in their

Downtown campus in 2018.

Higher Education Fall Semester Enrollment Downtown Fort Worth

770 702

581

1,138

918848

1,000

0

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2013 2014

0

100

200

300

400

500

600

700

800

900

1,000

2013 2014 2015

439

2016

412

2017

0

1,800

1,600

1,400

1,200

1,000

800

600

400

200

2013 2014

9,557 10,712 10,757

0

4,000

2,000

6,000

8,000

10,000

12,000

2011 2012 2013 2014 2016 2015

8,849

2015

8,774

7,800

2016

7,952

2017

7,704

2015

1,242

2017

772

2016

9,229 9,163

2017

9,35810,394

Number of Students Enrolled in Higher Education Campuses in Downtown


Tarrant County College

Texas A&M School of Law

UTA Fort Worth

Source: Downtown Fort Worth, Inc., Survey of Downtown Education Institutions

Source: University of Texas at Arlington

Source: Texas A&M School of Law

Source: Tarrant County College

Educational Institutions Downtown Fort Worth

FALL 2017 ENROLLMENT

Montessori at Sundance Square 134St. Paul Lutheran School 215Young Women’s Leadership Academy 385Nash Elementary School 281Texas A&M School of Law 412UTA Fort Worth 1,242Tarrant County College, Trinity River Campus 7,704Source: Downtown Fort Worth, Inc., Survey of Downtown Education Institutions

Nash Elementary

Texas A&M School of Law ranked in Top 100 - U.S. News andWorld's Report list of

the nation’s top 100 law schools

Tra

nsp

orta

tion

52

Downtown Fort Worth is Fort Worth’s transit hub, offering excellent access to various transportation options throughout the community and the Dallas-Fort Worth area. The Intermodal Transportation Center is the central gathering point for the Trinity Metro, Trinity

Railway Express (TRE), TEXRail, Amtrak, Greyhound Bus Line, taxis and the Molly the Trolley

shuttle service. Currently, 28 bus routes connect all parts of Fort Worth to Downtown.

Downtown is also home to 19 Bike Share stations. In 2017, there were over 58,000 trips on the Bike

Share system. Riders use the bike to go from one place to another within Downtown and travel to

other Bike Share stations throughout the system.

Downtown visitors enjoy 3,811 free parking spaces available after 6 p.m. on weekdays and

all-day on weekends, courtesy of the Downtown Tax Increment Finance District. There are nearly

42,000 Downtown parking spaces.

To inform the public about the many parking options Downtown, a newly designed Fort Worth

parking website, Fortworthparking.com, allows users to quickly find the nearest parking options.


53

51.2% increase in bus ridership since 2008 (10 years)

400,836 Downtown riders on Trinity Railway Express (2017)

833,871 Molly the Trolley riders since inception (May 2009)

45 Bike Share stations 19 in Downtown in 2017

Highways serving Downtown:

• I-35• I-30• Hwy 121• Hwy 287• Chisholm Trail Parkway

586,000+ Average daily traffic count on Downtown highways

Dallas-Fort Worth International Airport

• 17 miles from Downtown• 67+ MILLION passengers

in 2017• 223 destinations• 27 carriers

Every major city in the continental United States can be accessed within four hours

Approximately

183,000+ passengers daily

Meacham International Airport, Texas' premier general aviation facility, is located just 5 miles from Downtown.

fourhours


TEXRail Commuter Rail Line Opening 2018

Tra

nsp

orta

tion


OPENING

2018TexRail Commuter

Rail System

Trinity Railway Express Ridership Fiscal Years 2008 – 2017

3.03 3.02

3.49

4.68

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008 2013

2.29

2014

2.16

2015

2.05

2016

2.11

2017

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

350

400

450

300

500

550

600

2011201020092008 2012

491 498

532

571 596

2013

531

2014

537

2015

515

2016

586

Millions

2.00

2.50

3.00

3.50

4.00

4.50

5.50

5.00

20122011201020092008 2013144,000

137,000

143,000

141,000

175,000

168,000

163,000

177,000

102,000

106,000

112,000

106,000

58,000

61,000

59,000

67,000

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

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

140,000175,000

106,00065,297

2014

147,000175,000

106,00059,000

2015

147,000197,000

76,00059,000

SH 287 SH 121 I-35W I-30

4.49

2014 2015

4.81

4.57

2016

5.05

2017

4.58

3.09

Sour

ce: T

rini

ty M

etro

y

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.


3.03 3.02

3.49

4.68

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008 2013

2.29

2014

2.16

2015

2.05

2016

2.11

2017

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

350

400

450

300

500

550

600

2011201020092008 2012

491 498

532

571 596

2013

531

2014

537

2015

515

2016

586

Millions

2.00

2.50

3.00

3.50

4.00

4.50

5.50

5.00

20122011201020092008 2013144,000

137,000

143,000

141,000

175,000

168,000

163,000

177,000

102,000

106,000

112,000

106,000

58,000

61,000

59,000

67,000

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

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

140,000175,000

106,00065,297

2014

147,000175,000

106,00059,000

2015

147,000197,000

76,00059,000

SH 287 SH 121 I-35W I-30

4.49

2014 2015

4.81

4.57

2016

5.05

2017

4.58

3.09

3.03 3.02

3.49

4.68

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008 2013

2.29

2014

2.16

2015

2.05

2016

2.11

2017

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

350

400

450

300

500

550

600

2011201020092008 2012

491 498

532

571 596

2013

531

2014

537

2015

515

2016

586

Millions

2.00

2.50

3.00

3.50

4.00

4.50

5.50

5.00

20122011201020092008 2013144,000

137,000

143,000

141,000

175,000

168,000

163,000

177,000

102,000

106,000

112,000

106,000

58,000

61,000

59,000

67,000

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

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

140,000175,000

106,00065,297

2014

147,000175,000

106,00059,000

2015

147,000197,000

76,00059,000

SH 287 SH 121 I-35W I-30

4.49

2014 2015

4.81

4.57

2016

5.05

2017

4.58

3.09

20,000

40,000

60,000

0

100,000

80,000

120,000

140,000

2013201220112010 2014

58,611

72,600

84,83388,958

92,746

2015

91,157

2016

124,848

2017

105,470

Annual Ridership for Bus Routes Serving Downtown Fort Worth 2008 – 2017

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

Annual Ridership for Molly the Trolley Serving Downtown Fort Worth 2010 – 2017

Sour

ce: T

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ty M

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Sour

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exas

Dep

artm

ent o

f Tra

nspo

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ion

Sour

ce: T

rini

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etro

Fare

Ch

an

ged

Tra

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tion

56 STATE OF DOWNTOWN FORT WORTH 2017

ZIP

code

s 75

201

and

7520

2 ar

e us

ed fo

r dow

ntow

n D

alla

s.

ZIP

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

. So

urce

: U.S

. Cen

sus

Bure

au.

Means of Transportation to Work: Public Transportation

15.0%

20.0%

25.0%

21.1%

59.7%

92.9%

0.9%

9.5%

4.0%

79.8%

1.5%

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

13.3%

DowntownDallas*

2.4%

DowntownAustin*

4.5%

DowntownDallas*

72.6%

DowntownDallas*

ZIP

code

s 75

201

and

7520

2 ar

e us

ed fo

r dow

ntow

n D

alla

s.

ZIP

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

. So

urce

: U.S

. Cen

sus

Bure

au.

Means of Transportation to Work: Walk or Bike

15.0%

20.0%

25.0%

21.1%

59.7%

92.9%

0.9%

9.5%

4.0%

79.8%

1.5%

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

13.3%

DowntownDallas*

2.4%

DowntownAustin*

4.5%

DowntownDallas*

72.6%

DowntownDallas*

15.0%

20.0%

25.0%

21.1%

59.7%

92.9%

0.9%

9.5%

4.0%

79.8%

1.5%

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

13.3%

DowntownDallas*

2.4%

DowntownAustin*

4.5%

DowntownDallas*

72.6%

DowntownDallas*

Means of Transportation to Work: Car, Truck or Van

ZIP

code

s 75

201

and

7520

2 ar

e us

ed fo

r dow

ntow

n D

alla

s.

ZIP

code

787

01 is

use

d fo

r dow

ntow

n Au

stin

. So

urce

: U.S

. Cen

sus

Bure

au.

Additional categories of Means of Transportation are tracked by the U.S. Census Bureau but are not graphed in this publication.


3.03 3.02

3.49

4.68

2.14

0.0

0.5

1.0

1.5

2.0

2.5

3.0

20122011201020092008 2013

2.29

2014

2.16

2015

2.05

2016

2.11

2017

2.7 2.65

2.5 2.4 2.3

Millions

Thousands

350

400

450

300

500

550

600

2011201020092008 2012

491 498

532

571 596

2013

531

2014

537

2015

515

2016

586

Millions

2.00

2.50

3.00

3.50

4.00

4.50

5.50

5.00

20122011201020092008 2013144,000

137,000

143,000

141,000

175,000

168,000

163,000

177,000

102,000

106,000

112,000

106,000

58,000

61,000

59,000

67,000

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

2008

2009

2010

2011

2012

147,000 174,000

107,000 67,000

2013

140,000175,000

106,00065,297

2014

147,000175,000

106,00059,000

2015

147,000197,000

76,00059,000

SH 287 SH 121 I-35W I-30

4.49

2014 2015

4.81

4.57

2016

5.05

2017

4.58

3.09

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

Downtown Parking Availability

Parking spaces 41,866

Total metered spaces 1,967

Free evening and weekend parking spaces

3,811

Free daytime 1-hour parking spaces 300

Free daytime 2 1/2-hour spaces with validation

164

Source: Downtown Fort Worth, Inc.

Construction began in 2013 on a $1.6 billion project to rebuild 10 miles of I-35W from north of I-30 to North Tarrant Parkway to double the existing capacity by adding four toll- managed lanes, auxiliary lanes and some frontage roads.

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.


Melissa Graham Chair 777 Main

Larry Auth Omni Fort Worth Hotel

Rita Aves Oil & Gas Building

Johnny Campbell Sundance Square

Gary Cumbie The Cumbie Consultancy

Ryan Delaney Hines Interests, L.P.

Jim Finley Finley Resources Inc.

Dave Fulton Hilton Fort Worth Hotel

Taylor Gandy Ron Investments, Ltd

Suzan Greene ONCOR Electric Delivery

Marie Holliday, DMD Flowers to Go in Sundance Square

Chris Jeans XTO Energy

Walter Littlejohn The Fort Worth Club

Michelle Lynn Building Owners & Managers Association

Renee Massey Red Oak Realty

Robbie Tawil The Worthington Renaissance Fort Worth Hotel

Karen Vaughan StarPoint Commercial Properties, LLC

Joy Webster MorningStar Capital

Jed Wegenknecht Downtown Fort Worth Blackstone Courtyard

John Yeung Sheraton Fort Worth Hotel

PID Ambassadors and Clean Team

PID

Ad

viso

ry B

oard


Cre

dit

s

Downtown Fort Worth, Inc. Publications

Annual Report In View Residential Survey Report State of Downtown

Information Sources

City of Fort Worth CoStar Downtown Fort Worth, Inc. ESRI Federal Housing Finance Agency 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 Trinity Metro 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 Visit Fort Worth Young Women’s Leadership Academy

Downtown Fort Worth, Inc. Staff

Andrew Taft President

Matt Beard Director of Public Improvements

Nicole Browne Marketing and Special Projects Manager

Cleshia Butler Administrative Assistant

Jay Downie Event Producer

Brandi Ervin Controller

Becky Fetty Director of Membership and Marketing

Melissa Konur Director of Planning

Arrie Mitchell Director of Research

Barbara Sprabary 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:

Hannah Behrens Briggs Freeman Sotherby’s International Realty

Mary Margaret Davis Real Estate Broker Mary Margaret Davis Real Estate Team

Mary McCoy Administration Tarrant County Appraisal District

David Tidwell Planning and Development Department City of Fort Worth

Andrea Timbes CRM Analyst Visit Fort Worth

Ebonie Wingo Performance and Regulatory Standards Trinity Metro

Special thanks to Rachel Delira, Joseph Haubert, Brian Luenser, Sundance Square, Trinity Metro and Visit Fort Worth for their photography.

A service of Downtown Fort Worth, Inc.

DOWNTOWN FORT WORTHCURRENT & PLANNED PROJECTS

PMS 286

Published in May 2018

Downtown Fort Worth, Inc. 777 Taylor Street, Suite 100

Fort Worth, Texas 76102

817.870.1692 | www.dfwi.org

#DowntownFortWorth

/DowntownFortWorth

/DTFortWorth

/DowntownFortWorth

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