Office, Industrial Hold Their Own in 2012

FORT WORTH-When it came to office and industrial space in Fort Worth during the past year, the main thrust involved businesses eyeing the city and county as a good site from which to do business.  Presenters at the 2013 Tarrant County Commercial Real Estate Forecast on Jan. 24 pointed out that vacancies varied, while speculative development was cautious, though build-to-suit projects were holding their own.

David Walters, executive vice president and regional director of Jones Lang LaSalle’s Fort Worth Office point out that while businesses have always been enamored with the northern part of Tarrant County (specifically, Alliance Gateway), the CBD was starting to come back into its own. With technology and energy as the drivers, the office side did fairly well when it came to leasing. “If we see a spike in energy prices,” he says, “it’ll tighten up even further.”