DOWNTOWN BIG"6"..What direction are they going??? (Houston: to live in, train)

[dallasboi]

This was interesting!!!

The evolution of Austin's Skyline

https://youtu.be/0StnPA22HTE

[dallasboi]

HOUSTON "The City of the Future"

https://youtu.be/8H-iRobAOQA

[dallasboi]

I feel Like Ft.Worth Is about to take off.......Betsy was in the way.

Bisnow: Where do you think the opportunities for investment are in Fort Worth, and where is the city struggling?

Powers: What excites me most about Fort Worth is that it’s in Texas. The Metroplex is an incredibly desirable area, and we’re perfectly positioned to capture a ton of upside if we choose to take it.

My concern is that the city hasn’t kept up with the momentum of its neighbors. Though some of our outlying areas are booming, the city proper has seen multifamily rents trending negative, land prices plateauing since 2017 and little job growth over the last decade.

All of that means Fort Worth is cheaper today than it was just a few years ago. Prices are settling, so it’s a great time to buy into the city. From an industrial standpoint, it’s extremely well-located, so as an investor, I’m bullish on Fort Worth and its future.

https://www.bisnow.com/dallas-ft-wor...as-boom-107846

[ParaguaneroSwag]

Originally Posted by dallasboi

I feel Like Ft.Worth Is about to take off.......Betsy was in the way.


https://www.bisnow.com/dallas-ft-wor...as-boom-107846

I think Fort Worth's struggles come from its proximity to Dallas. Big business developers will always side with Dallas if there's no other factor. But with Dallas prices constantly raising, Fort Worth may be able to go on a growth spurt soon and attract the lower costs they possess.

[dallasboi]

Originally Posted by ParaguaneroSwag

I think Fort Worth's struggles come from its proximity to Dallas. Big business developers will always side with Dallas if there's no other factor. But with Dallas prices constantly raising, Fort Worth may be able to go on a growth spurt soon and attract the lower costs they possess.

That's because Ft.worth didn't want to lose its Mayor or its charm. So it never blossomed as it could have. But now that she's gone and the smoke is clearing...this could mean that things that should have happened a decade ago can start happening now.....I sure hope so. It would be good for the entire metroplex.

[citidata18]

The Fort Worth side of the Metroplex will never see the growth/prosperity that the Dallas side is experiencing. For one, Tarrant County has a reputation for having some of the highest property taxes in all of DFW, which is a turn off for homeowners who want to prioritize affordability. Also, aside from some of the Mid-Cities (which are just as easily accessible from Dallas as they are Fort Worth) and Mansfield, the schools on the Fort Worth side of the Metroplex aren't the most impressive. This is in part because of demographics, as the Fort Worth side of the Metroplex tends to be more blue collar. Also, for people who consider themselves Shopaholics or Foodies, the offerings of amenities on the Fort Worth side of the Metroplex aren't as vast as what you find on the Dallas side.

However, let's not downplay the fact that it's already one of the fastest growing cities in the country right now. It continues to benefit massively as a bedroom community for the hoard of white collar job found in Dallas/Collin Counties, as well as the impressive domestic flight/logistics connectivity offered at DFW airport that only a small handful of major metro areas (namely Chicago and Atlanta) can compete with. In fact, it is one of the largest Defense/Aerospace hubs in the country being home to Lockheed Martin's largest Military Aersopace facility (by far) and Bell Helicopter.

As the individual interviewed in the article referenced above stated, Fort Worth will continue to be attractive to companies for industrial projects given how much more cheap land is available and unskilled/trade workers making up a larger share of the workforce. It will also continue to be attractive to new residents who want access to DFW's big city amenities and plethora of employment opportunities but without the fast pace and pretentiousness you encounter in North Dallas County / Collin County.

[Exult.Q36]

Originally Posted by ParaguaneroSwag

I think Fort Worth's struggles come from its proximity to Dallas. Big business developers will always side with Dallas if there's no other factor. But with Dallas prices constantly raising, Fort Worth may be able to go on a growth spurt soon and attract the lower costs they possess.

Fort Worth problems came from incompetent leadership. Nothing more or nothing less. Cities go through identity crisis & stagnate all the time before they evolve. Fort Worth is no different. If I recall correctly the 2010 census revealed Dallas was barely growing. Dallas as result did some soul searching, identified the problem & evolved into a better town.

[LocalPlanner]

If you're looking to get a lot of downtown growth, it helps to have lots of growth in high-paying white collar jobs in high-revenue industries because: (1) such jobs fuel office space growth, and new downtown office space is usually expensive (high rent); (2) such jobs produce high-income households, including the young adult and childless households that might be interested in new residential downtown; and (3) white-collar business growth fuels corporate travel, which supports downtown hotel business.

My impression is that the vast, vast majority of white collar job growth is happening in the Collin County and suburbs in southern Denton and NE Tarrant counties, with a bit also in Dallas itself and the Las Colinas area. Fort Worth is going to have to attract more growing white-collar employers into its downtown or at least central city area to really spur downtown growth. That said, what they've accomplished over the years is still impressive, and to me they were easily the best big-city downtown in TX for quite awhile until other cities started catching up during the last 10 years (Austin started catching up a little earlier than the others).

[JJG]

Originally Posted by dallasboi

That's because Ft.worth didn't want to lose its Mayor or its charm. So it never blossomed as it could have. But now that she's gone and the smoke is clearing...this could mean that things that should have happened a decade ago can start happening now.....I sure hope so. It would be good for the entire metroplex.

Lots of assumptions, there.
(Btw... that link was a paywall.)

Originally Posted by citidata18

The Fort Worth side of the Metroplex will never see the growth/prosperity that the Dallas side is experiencing...

Still on this, huh...?

[dallasboi]

Originally Posted by JJG

Lots of assumptions, there.
(Btw... that link was a paywall.)



Still on this, huh...?

BIZNOW is free. I just re-clicked the link in my earlier post and it worked fine.