Develop and execute a real estate strategy that attracts talent and reduces spending—even in challenging energy markets.
The Dallas/Fort Worth market has shown its overall strength during this difficult period for the energy industry as a whole—with the sector currently making up around six percent of metro GDP.
While some smaller Dallas companies have had problems dealing with falling oil prices, others—like Energy Transfer Equity—are expanding. ET recently bought out Williams and entered a partnership with Sunoco LP, which will likely mean increased activity for the company in the market.
In Fort Worth, greater exposure to the energy sector has led to some problems downtown—due to its higher concentration of energy tenants—with fewer renewals and further downsizing.
Support industries like accounting and legal have also been affected, resulting in closures of several small- to mid-size offices.
We expect to see continued tight market conditions with rents increasing in Dallas and select Fort Worth suburban submarkets. Landlords are advised to limit energy sector exposure if pricing pressure continues.
Here’s how we can help your energy company:
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