Fort Worth CBD Commercial Real Estate Market

The Fort Worth CBD is home to a heavy concentration of energy companies, leaving it exposed to the effects of energy price swings. The good news is that, at about 11%, vacancies are well below the metro average and have been trending in the right direction. The newest office tower—the 280,000-SF Frost Tower, which opened in early 2018—was already about 70% leased less than one year after opening.

 

While rent growth has slowed compared to earlier this cycle, rents are about 15% above their prerecession peak. Major transactions are rare, but trades picked up, as XTO sold some large assets in conjunction with its move to Houston.

 

While it had nothing to with XTO, The Tower on 500 Throckmorton, a 37-story, 612,500-SF property, was the largest single asset to trade hands recently. The building, which is comprised of 288 residential units and 37,000 SF of office, sold for an undisclosed amount in mid-2019.

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Property types are as follows:

• Office 122 Buildings/12.7 MSF

• Warehouse 8 Buildings/280 KSF

• Medical 2 Buildings/45 KSF

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If you would like building specific information fill in our Free Fort Worth CBD Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your commercial space.

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