Fort Worth, TX Office Overview
The City of Fort Worth has a population of over 850,000 residents, it is also the second-largest city in the Dallas - Fort Worth - Arlington metropolitan area, which yields a gross annual product of $504 billion. Founded as a center of cattle drives, long before the Civil War, Fort Worth has grown into one of the most diverse economies in the country, with sectors like energy, transportation, and the aerospace industries among the principal drivers of demand on the local market.
Fort Worth, TX Office Inventory Description
As of mid-2017, the Fort Worth office market encompassed nearly 25 million square feet of office space in properties larger than 50,000 square feet. Nearly 38% of the office inventory in Fort Worth is Class A, while Class B office space amounts to roughly 58% of the office market inventory.
Central Fort Worth and West Fort Worth are home to most of the larger office properties in town, with the North Fort Worth subdivision being a close second, where properties were are developed in a corridor along Interstate 35.
Notable office properties include 777 Main, the Oil & Gas/Star Telegram office building, and the D.R. Horton Tower at 301 Commerce Street, all located west of the I-35W freeway and north and south of the I-30 freeway, regions which continue to see strong demand on the market.
Fort Worth, TX Commercial Inventory Breakdown
Office Spaces
Total: 29,960,702 SF
By square footage range:
- 50k to 100k SF: 4,935,012 SF / 16.47% of total office
- 100k to 500k SF: 13,812,576 SF / 46.1% of total office
- 500k to 1M SF: 5,821,615 SF / 19.43% of total office
- > 1M SF: 5,391,499 SF / 18% of total office
By class:
- Class A: 13,374,670 SF / 44.64% of total office
- Class B: 13,883,734 SF / 46.34% of total office
- Class C: 942,298 SF / 3.15% of total office
Top 10 Largest Office Buildings
in Fort Worth
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Robert L. Crandall Global Support Campus | 1 Skyview Drive, 76155 | 1,800,000 | 2019 |
| Alcon Laboratories - Office Towers | 6201 South Fwy, 76134 | 1,366,872 | 2003 |
| Champions Circle | SWC State Route 114 & Interstate 35W, 76177 | 1,200,000 | n/a |
| 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 |
| American Airlines Headquarters North | 4333 Amon Carter Blvd, 76155 | 775,156 | 1989 |
| Wells Fargo Tower | 201 Main Street, 76102 | 716,533 | 1982 |
| 5555 North Beach Street | 5555 North Beach Street, 76137 | 668,018 | 1996 |
Most Recently-Built Office Buildings
in Fort Worth
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Robert L. Crandall Global Support Campus | 1 Skyview Drive, 76155 | 1,800,000 | 2019 |
| Mercedes-Benz Financial Services Business Operations Center | 14372 Heritage Pkwy, 76177 | 200,000 | 2019 |
| Frost Tower - 640 Taylor | 640 Taylor Street, 76102 | 285,000 | 2018 |
| 500 South Henderson Street | 500 South Henderson Street, 76104 | 98,497 | 2018 |
| 2332 Beverly Hills Drive | 2332 Beverly Hills Drive, 76114 | 33,800 | 2018 |
| 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 |
| The Offices at Clearfork - 5049 Edwards Ranch Road | 5049 Edwards Ranch Road, 76109 | 85,843 | 2017 |
| 5600 Clearfork Main Street | 5600 Clearfork Main Street, 76107 | 180,000 | 2016 |
| 3017 West 7th Street | 3017 West 7th Street, 76107 | 60,000 | 2016 |
Fort Worth, TX Green Office Space
One local example of a more energy-efficient office building is Wilcox Plaza at Green Oaks. This 187,500-square-foot office building is located in West Fort Worth and has earned a LEED Gold certification.
The demand for greener office space continues to grow, as tenants seek more cost-effective, energy-efficient office space. The National Green Building Adoption Index report released in 2017 surveyed the top 30 major office markets in the U.S. to gauge how the country is adopting better, more ecologically oriented building practices. The survey looked at properties compliant with the LEED program, the EPA Energy Star rating program, and others. The Dallas - Fort Worth metro area ranked 17th. A recent report from the North Texas U.S. Green Building Council Chapter also discovered that energy-efficient office building construction is a major economic driver not just in the Metroplex but in the entire state of Texas.
Fort Worth, TX's Top Office-Using Sectors
Top office-using sectors in the city include the energy, transportation and aerospace, and healthcare industries.
- Energy – Pioneer Natural Resources, XTO Energy, and Encana Oil and Gas are some of the largest producers of oil in the Dallas - Fort Worth region, as well as drivers of demand for office space in the area;
- Transportation and Aerospace – companies such as Bell Helicopter, Lockheed Martin, American Airlines, and BNSF Railway are among the largest occupiers of office space in town;
- Healthcare – Global medical company Alcon, JPS Health Network, Harris Methodist Hospital, and Cook Children's Health Care System are some of the largest local employers operating in this sector;
- Corporate Office Headquarters – Pier 1 Imports, Radio Shack, and D.R. Horton all call Fort Worth home.
Fort Worth Demographics
Population
- Total Population855,786
- Male Population(48.9 %) 418,897
- Female Population(51.1 %) 436,889
- Median Age32.50
Income/Financial
- Average Household Income$79,480
- Median Household Income$59,255
- Median Income Under 25$32,879
- Median Income 25-44$62,577
- Median Income 45-64$67,919
- Median Income Over 65$41,751
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