It really comes as no surprise that the commercial market is hurting in DFW. We can expect it not only as a symptom of the national economy, but also as a fallout from over building. Fort Worth had been faced with a swelling of lease percentages originating primarily from Barnett activity; a contraction there has really slowed the overall market.
I would think then that the city should have enough free office space to keep our markets at reasonable rates for the next few years. The incredible amount of activity we are seeing along Camp Bowie, University, and 7th Street will be offering a glut of retail and office space. One thing to look for would be consildation of commercial space in these area’s with more vacancies among the more established Hulen and Western Camp Bowie areas. Slow progress at Montgomery Plaza may be indicative of the commercial use to come locally within the next few years.
It will be a while before demand catches back up to supply.
