Things that stood out from the SoDT:
-DTFW has the lowest office vacancy of any comparable DFW area market, 11% of all office and 14% of Class A. Downtown Dallas is at 29% and 31% respectively. (Pages 16-17)
-DTFW Class A office space is now more expensive than Downtown Dallas (Page 18)
-DTFW employee visits by day are still well below 2019's pre-covid numbers. (Pagge 23)
-Residential rent growths are -5%, below DFW (-1%) and National (+1%) trends. Good news for renters, bad news for new development. Those rates have been falling since q2 2022. (Page 9)
-Residential vacany rates seem be a tad higher than US/DFW but healthy at 10% and stable for the last few quarters. (page 8)
-Downtown's population should soon surpass 10,000 residents, as it is currently at 9,914. (Page 25)
-Owning a townhome downtown requires a lot of cash. 72$ of townhome residents had an income over $250,000 (Page 29)
-About 95% of residents consider downtown clean or very clean, 5% say unclean. (Page 31)
-Hotel rates all seem solid. (Pages 10-11)
-Total TABC reciepts in 2023 were below 2019 levels, still recovering from Covid. (Page 43)
-Except in January and Feburuary, 2023 saw fewer downtown visitors than 2023. (Page 42)
From the development side, I noticed that the 1,000 Weatherford project by AHS/Resia seems to not be mentioned in either document.