Fort Worth, TX - Office Market Overview
The Fort Worth real estate market includes the Bonnie Brae, Garden of Eden, and Upper West Side commercial real estate submarkets. While the City of Fort Worth itself has a population of over 850,000 residents, it is also the second-largest city in the Dallas - Fort Worth - Arlington metropolitan area, which harbors a population of over 7 million people. Energy, transportation, and the aerospace industries are some of the principal drivers of the real estate market in Fort Worth, Texas.
As of mid-2017, the Fort Worth office market encompasses nearly 24.6 million square feet of existing office space in properties larger than 50,000 square feet. Due in part to the city’s metroplex location, there is consistently robust demand for commercial real estate in Fort Worth TX.
Fort Worth, TX - Office Inventory Description
Fort Worth contributes to its share of the Metroplex's $504 billion in gross annual metropolitan product, and also sees strong demand for white-collar office space within its borders. Nearly 38% of the office inventory in Fort Worth is Class A or A+, while Class B office space amount to nearly 58% of the office market inventory.
The Downtown Fort Worth office market is home to some of the most prestigious Class A office buildings in the region. Located west of the I-35W freeway and north and south of the I-30 freeway, office buildings such as 777 Main, the Oil & Gas/Star Telegram office building, and the D.R. Horton Tower at 301 Commerce Street continue to see strong demand from tenants and interest from national and global commercial real estate investors.
Fort Worth, TX Commercial Inventory Breakdown
Total: 24,369,390 SF
By square footage range:
- 50k to 100k SF: 4,236,193 SF / 17.38% of total office
- 100k to 500k SF: 13,221,559 SF / 54.25% of total office
- 500k to 1M SF: 4,520,139 SF / 18.55% of total office
- > 1M SF: 2,391,499 SF / 9.81% of total office
- Class A: 11,385,764 SF / 46.72% of total office
- Class B: 11,255,334 SF / 46.19% of total office
- Class C: 146,532 SF / 0.6% of total office
Top 10 Largest Office Buildings
in Fort Worth
|Office building||Address||Sqft||Year built|
|Alcon Laboratories - Office Towers||6201 South Fwy, 76134||1,366,872||2003|
|Burnett Plaza||801 Cherry Street, 76102||1,024,627||1983|
|777 Main||777 Main Street, 76102||954,895||1982|
|Bank of America Tower||301 Commerce Street, 76102||820,509||1981|
|BNSF Railway Corporate Headquarters||2650 Lou Menk Drive, 76131||807,494||1990|
|Wells Fargo Tower||201 Main Street, 76102||716,533||1982|
|5555 Beach Street||5555 North Beach Street, 76137||668,018||1996|
|The Fort Worth Club||306 West 7th Street, 76102||552,690||1925|
|5401 Beach Street||5401 North Beach Street, 76137||457,628||1994|
|Oil & Gas/Star - Telegram||309 West 7th Street, 76102||439,802||1929|
Most Recently-Built Office Buildings
in Fort Worth
|Office building||Address||Sqft||Year built|
|Moncrief Medical Center at Fort Worth||600 South Main Street, 76104||110,000||2017|
|Galderma Laboratories - Office and Training Facility||14501 North Freeway Service Road East, 76177||100,000||2017|
|5600 Clearfork Main||5600 Clearfork Main Street, 76107||180,000||2016|
|3017 West 7th Street||3017 West 7th Street, 76107||60,000||2016|
|FAA Regional Headquarters||10101 Hillwood Pkwy, 76177||357,214||2015|
|Hillwood Commons I||9800 Hillwood Pkwy, 76177||154,063||2015|
|Park Hill Medical Pavilion||3455 Locke Avenue, 76107||51,501||2015|
|Alliance Medical Office Building||3025 North Tarrant Pkwy, 76177||50,000||2015|
|Texas Health Professional Buildings 1 & 2||6301 Harris Pkwy, 76132||160,000||2014|
|The Cassidy||407 Throckmorton Street, 76102||99,000||2014|
Fort Worth, TX - Green Office Space
An excellent example of green office space in Fort Worth is the LEED certified Wilcox Plaza at Green Oaks. This 187,500-square-foot office building is located in the Ridgmar commercial real estate submarket of Fort Worth and proudly holds a LEED Gold certification for energy efficiency.
The demand for green office space continues to grow, as tenants seek more cost-effective, energy-efficient Class A office space in Fort Worth. The 2017 report by the National Green Building Adoption Index surveyed the top 30 major office markets in the U.S. The Dallas - Fort Worth metro area ranks 17th for LEED-certified, EPA Energy Star-rated, and green office building construction. In fact, a recent report from the North Texas U.S. Green Building Council Chapter discovered that energy-efficient office building construction is a major economic driver both in the Metroplex and in the State of Texas overall.
Fort Worth, TX's Top Office-Using Sectors
Some of the top office-using sectors in the Fort Worth TX commercial real estate and office market include the energy, transportation & aerospace, and healthcare industries, along with large corporate office headquarters.
- Energy – Pioneer Natural Resources, XTO Energy, and Encana Oil & Gas are some of the largest producers of oil in the Dallas - Fort Worth Metroplex region and help drive the demand for Class A office space in the area.
- Transportation & Aerospace – Companies such as Bell Helicopter, Lockheed Martin, American Airlines, and BNSF Railway are major users of office space in Fort Worth.
- Healthcare – Global medical company Alcon, JPS Health Network, Harris Methodist Hospital, and Cook Children's Health Care System help create demand in the Fort Worth commercial real estate market.
- Corporate Office Headquarters – Pier 1 Imports, Radio Shack, and D.R. Horton all create white-collar office employment in Fort Worth.
Fort Worth Demographics
- Total Population796,614
- Male Population(48.6 %) 387,317
- Female Population(51.4 %) 409,297
- Median Age31.90
- Average Household Income$70,536
- Median Household Income$53,214
- Median Income Under 25$27,454
- Median Income 25-44$57,811
- Median Income 45-64$59,871
- Median Income Over 65$38,109
- Alamo Heights Demographics
- Bonnie Brae Demographics
- Cultural District Demographics
- Diamond Hill - Jarvis Demographics
- Downtown Fort Worth Demographics
- Echo Heights Demographics
- Fairmount Demographics
- Garden Acres Demographics
- Greenbriar Demographics
- Greenway - Stockyards Demographics
- Heritage - Coventry Hills Demographics
- Linwood Demographics
- Meadowbrook Demographics
- Mira Vista Demographics
- Mistletoe Heights - Berkeley Place Demographics
- Morningside Demographics
- North Side Demographics
- Northbrook Demographics
- Overton Woods Demographics
- Polytechnic Heights Demographics
- Ridglea Hills Demographics
- Rosemont Demographics
- Summerfields - Fossil Creek Demographics
- United Riverside Demographics
- Upper West Side Demographics
- Village of Woodland Springs - Harvest Ridge Demographics
- Wedgwood Demographics
- Western Hills Demographics
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