West Southwest Fort Worth Commercial Real Estate Market
The aerospace and defense industries are prominent in West Southwest Fort Worth due to the presence of the Naval Air Station Joint Reserve Fort Worth, a military airfield five miles west of the Fort Worth CBD. This submarket stands to benefit from increases in defense spending, and Lockheed Martin recently added more than 2,000 jobs locally.
Another driver here is the energy industry, which can be a blessing and a curse but has been a positive force in recent quarters due to the recovery in energy prices.
The submarket has outperformed the metro in terms of occupancies for years. Occupancies are also well above the submarket's historical average, and rents have been by about 1% in the past five years. Furthermore, the completion of the Chisholm Trail Parkway in 2014 has helped spur commercial and residential activity, and many mixed-use projects are in various stages of development.
Property types are as follows:
Office 1,130 Buildings/16.8 MSF
Warehouse 614 Buildings/35.2 MSF
Medical 58 Buildings/1.5 MSF
If you would like building specific information fill in our Free West Southwest Fort Worth 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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