Jun 7, 2017
Fort Worth fast facts: Downtown
FORT WORTH – Fort Worth is looking hot for institutional investors, and Downtown is attracting hotels and new residents. The research department at Downtown Fort Worth Inc. has compiled data points...
FORT WORTH – Fort Worth is looking hot for institutional investors, and Downtown is attracting hotels and new residents.
The research department at Downtown Fort Worth Inc. has compiled data points on several real estate asset classes showing its upward trajectory. Here are some key takeaways from the annual State of Fort Worth Report.
- Downtown has an appraised property value of $3.4 billion.
- Downtown has an average retail occupancy of 92 percent.
- Since 2006, retail sales have increased 98 percent Downtown.
- Multifamily occupancy topped 97 percent.
- There are 2,603 residential units planned or under construction, which is a 63 percent increase in inventory.
- Six hotels are planned or under construction, totaling 1,065 rooms.
- As of 4Q 2016, Class A office space in Downtown was 88 percent occupied.
- Downtown has 7,616 residents.
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