Texas real estate market overview provided by the Texas A&M Real Estate Research Center. For cities of Dallas-Fort Worth and Arlington. NOTE: Full-sized view or download is optimal.

1. Real Estate Market Overview 2007
Dallas-Fort Worth-Arlington
Dallas was settled in 1841 as a frontier trading post and today is the eighth largest city in the United
States. The Dallas MSA is also the second largest in Texas, with more than three million people living
in the area. High-tech companies, manufacturing and service industries have contributed to growth in
Dallas, considered the financial hub of the Southwest. The Dallas-Fort Worth International Airport,
which encompasses more than 18,000 acres, is the nation's third busiest and a major economic engine
for the region.
Fort Worth, known as the city quot;Where the West Begins,quot; still embraces its cowboy heritage. However,
with successful downtown revitalization projects like Sundance Square, Fort Worth has transformed
itself over the years into a cosmopolitan and cultural center. Bass Performance Hall, one of the area's
major cultural attractions, was recently named quot;one of the top 10 opera houses in the worldquot; by Travel
and Leisure magazine.
Arlington, home to Six Flags Over Texas, Hurricane Harbor and The Ballpark at Arlington, is known as
one of Texas' quot;most entertainingquot; cities.
Quick Facts
Dallas: 6,185.83 square miles
Land Area Fort Worth-Arlington:
2,917.96 square miles
Dallas: 649.8 people per square mile
2006 Population Density Fort Worth-Arlington: 680.1 people
per square mile
Collin, Dallas, Delta, Denton, Ellis,
Counties Hunt, Kaufman, Rockwall, Johnson,
Parker, Tarrant, Wise
Area Cities and Towns
Addison, Allen, Arlington, Balch Springs, Bedford, Benbrook, Burleson,
Carrollton, Cedar Hill, Cleburne, Colleyville, Coppell, Dallas, Denton,
DeSoto, Duncanville, Ennis, Euless, Farmers Branch, Flower Mound, Forest
Hill, Fort Worth, Frisco, Garland, Grand Prairie, Grapevine, Greenville,
Haltom City, Highland Village, Hurst, Irving, Keller, Lancaster, Lewisville,
Mansfield, McKinney, Mesquite, North Richland Hills, Plano, Richardson,
Rockwall, Rowlett, Saginaw, Southlake, Terrell, The Colony, Watauga,
Waxahachie, White Settlement, Wylie
*This report's MSA data reflects either 1999 or 2003 MSA definitions based on data
availability. Use of 1999 definition is noted where applicable.
Source: U.S. Census Bureau and Real Estate Center at Texas A&M University

2. Microsoft product screen shot reprinted with permission from Microsoft Corporation.

3. Metropolitan Statistical Areas (MSAs)
DALLAM SHERMAN HANSFORD OCHILTREE LIPSCOMB
HUTCHINSON
HARTLEY MOORE ROBERTS HEMPHILL
2
CARSON
POTTER
WHEELER
OLDHAM GRAY
RANDALL ARMSTRONG
DONLEY COLLINGSWORTH
DEAF SMITH
BRISCOE
PARMER CASTRO SWISHER HALL CHILDRESS
HARDEMAN
WICHITA
25
BAILEY LAMB HALE FLOYD MOTLEY COTTLE
WILBARGER
FOARD
14 20
GRAYSON
CLAY
21
LAMAR
ARCHER MONTAGUE COOKE RED RIVER
FANNIN
COCHRAN HOCKLEY DICKENS KING KNOX BAYLOR
LUBBOCK CROSBY
BOWIE
DELTA
FRANKLIN
WISE DENTON COLLIN HUNT
JACK TITUS
YOAKUM TERRY LYNN GARZA KENT STONEWALL HASKELL THROCKMORTON YOUNG HOPKINS
8
MORRIS
CASS
CAMP
ROCKWALL
RAINS
PARKER WOOD UPSHUR MARION
JONES SHACKLEFORD DALLAS
TARRANT
1
GAINES DAWSON BORDEN SCURRY FISHER STEPHENS PALO PINTO
KAUFMAN
22 13
GREGG
SMITH HARRISON
VAN ZANDT
JOHNSON
HOOD ELLIS
CALLAHAN
EASTLAND
ANDREWS MARTIN HOWARD MITCHELL NOLAN TAYLOR
ERATH SOMERVELL HENDERSON
17 16
PANOLA
RUSK
9
NAVARRO
HILL
EL PASO
24
COMANCHE
CHEROKEE
BOSQUE
STERLING COKE
LOVING RUNNELS
WINKLER ANDERSON
ECTOR MIDLAND COLEMAN BROWN SHELBY
FREESTONE
18
HAMILTON
GLASSCOCK
MCLENNAN
CORYELL NACOGDOCHES
MILLS LIMESTONE
11
SAN
CULBERSON WARD
HUDSPETH
CRANE AUGUSTINE
UPTON REAGAN
HOUSTON SABINE
CONCHO LEON
TOM GREEN LAMPASAS
IRION FALLS
REEVES
ANGELINA
MCCULLOCH SAN SABA ROBERTSON
6
BELL TRINITY
MADISON
JASPER NEWTON
MENARD
SCHLEICHER POLK
BURNET TYLER
MILAM
PECOS WALKER
BRAZOS
JEFF DAVIS CROCKETT MASON LLANO SAN
WILLIAMSON
JACINTO
BURLESON
KIMBLE
4
SUTTON HARDIN
3
GRIMES
TRAVIS MONTGOMERY
GILLESPIE LEE
BLANCO ORANGE
TERRELL WASHINGTON LIBERTY
10
BASTROP JEFFERSON
KERR HAYS AUSTIN
PRESIDIO WALLER
EDWARDS
VAL VERDE CHAMBERS
REAL
KENDALL FAYETTE
BREWSTER CALDWELL
HARRIS
COMAL
BANDERA
FORT BEND
COLORADO
19
GUADALUPE GALVESTON
GONZALES
KINNEY LAVACA
UVALDE MEDINA BRAZORIA
WHARTON
BEXAR
23
WILSON DE WITT
JACKSON
FRIO MATAGORDA
ZAVALA KARNES
MAVERICK
ATASCOSA VICTORIA
GOLIAD
CALHOUN
DIMMIT
BEE REFUGIO
MCMULLEN
LA SALLE
ARANSAS
LIVE OAK
7
12
SAN PATRICIO
JIM
WELLS
NUECES
1. Abilene 14. Lubbock
DUVAL
WEBB
KLEBERG
2. Amarillo 15. McAllen-Edinburg-Mission
3. Austin-Round Rock 16. Midland JIM HOGG
ZAPATA BROOKS
KENEDY
4. Beaumont-Port Arthur 17. Odessa
15
5. Brownsville-Harlingen 18. San Angelo STARR
WILLACY
6. College Station-Bryan 19. San Antonio HIDALGO
5
CAMERON
7. Corpus Christi 20. Sherman-Denison
8. Dallas-Fort Worth-Arlington 21. Texarkana
9. El Paso 22. Tyler
10. Houston-Sugar Land-Baytown 23. Victoria
11. Killeen-Temple-Fort Hood 24. Waco
12. Laredo 25. Wichita Falls
13. Longview
Prepared by the Labor Market and Career Information Department, TWC
Edited by Real Estate Center at Texas A&M University

4. Table of Contents
Demographics ..............................................................................................1
Education .....................................................................................................5
Employment .................................................................................................7
Economy ....................................................................................................15
Infrastructure ..............................................................................................16
Public Facilities ..........................................................................................17
Multifamily ..................................................................................................20
Housing ......................................................................................................24
Retail ..........................................................................................................37
Hotel...........................................................................................................43
Office..........................................................................................................45
Industrial ....................................................................................................58

5. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Demographics
Fort Worth-Arlington
Dallas MD
MD Population*
Population*
Percent Percent
Change Change
Year Population Year Population
-
1996 3,076,605 - 1996 1,551,044
2.6
1997 3,178,447 3.2 1997 1,591,973
2.7
1998 3,283,020 3.2 1998 1,634,973
2.7
1999 3,381,283 2.9 1999 1,678,673
1.9
2000 3,451,226 2.0 2000 1,710,318
3.2
2001 3,585,379 3.7 2001 1,764,411
2.5
2002 3,664,340 2.2 2002 1,808,534
2.2
2003 3,737,262 2.0 2003 1,848,627
2.1
2004 3,812,875 2.0 2004 1,887,381
2.1
2005 3,893,123 2.1 2005 1,926,352
3.0
2006 4,019,499 3.1 2006 1,984,468
* July 1 population estimates * July 1 population estimates
Source: U.S. Census Bureau Source: U.S. Census Bureau
County Population Growth
Growth 1996-2006
County 1996 2006 (in percent)
378,488
Collin 698,851 84.6
2,073,484
Dallas 2,345,815 13.1
5,085
Delta 5,561 9.4
354,915
Denton 584,238 64.6
97,597
Ellis 139,300 42.7
69,914
Hunt 83,338 19.2
110,751
Johnson 149,016 34.6
62,129
Kaufman 93,241 50.1
76,476
Parker 106,266 39.0
34,993
Rockwall 69,155 97.6
1,323,207
Tarrant 1,671,295 26.3
40,610
Wise 57,891 42.6
* July 1 population estimates
Source: U.S. Census Bureau
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6. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Area Cities With 10,000 or More Residents
Growth Growth
1990 2000 1990 2000
1990-2000 1990-2000
City City (cont'd)
Population Population Population Population
(percent) (percent)
Addison 8,783 14,166 61.3 Grapevine 29,202 42,059 44.0
Allen 18,309 43,554 137.9 Greenville 23,071 23,960 3.9
Arlington 261,721 332,969 27.2 Haltom City 32,856 39,018 18.8
Athens 10,967 11,297 3.0 Highland Village 7,027 12,173 73.2
Balch Springs 17,406 19,375 11.3 Hurst 33,574 36,273 8.0
Bedford 43,762 47,152 7.7 Irving 155,037 191,615 23.6
Benbrook 19,564 20,208 3.3 Keller 13,683 27,345 99.8
Burleson 16,113 20,976 30.2 Lancaster 22,117 25,894 17.1
Carrollton 82,169 109,576 33.4 Lewisville 46,521 77,737 67.1
Cedar Hill 19,976 32,093 60.7 Mansfield 15,607 28,031 79.6
Cleburne 22,205 26,005 17.1 McKinney 21,283 54,369 155.5
Colleyville 12,724 19,636 54.3 Mesquite 101,484 124,523 22.7
Coppell 16,881 35,958 113.0 North Richland Hills 45,895 55,635 21.2
Corinth 3,944 11,325 187.1 Plano 128,713 222,030 72.5
Dallas 1,006,877 1,188,580 18.0 Richardson 74,840 91,802 22.7
Denton 66,270 80,537 21.5 Rockwall 10,486 17,976 71.4
DeSoto 30,544 37,646 23.3 Rowlett 23,260 44,503 91.3
Duncanville 35,748 36,081 0.9 Saginaw 8,551 12,374 44.7
Ennis 13,883 16,045 15.6 Seagoville 8,969 10,823 20.7
Euless 38,149 46,005 20.6 Southlake 7,065 21,519 204.6
Farmers Branch 24,250 27,508 13.4 Terrell 12,490 13,606 8.9
Flower Mound 15,527 50,702 226.5 The Colony 22,113 26,531 20.0
Forest Hill 11,482 12,949 12.8 University Park 22,259 23,324 4.8
Fort Worth 447,619 534,694 19.5 Watauga 20,009 21,908 9.5
Frisco 6,141 33,714 449.0 Waxahachie 18,168 21,426 17.9
Garland 180,650 215,768 19.4 Weatherford 14,804 19,000 28.3
Grand Prairie 99,616 127,427 27.9 White Settlement 15,472 14,831 -4.1
(in Dallas Co. only) 81,527 99,760 22.4 Wylie 8,716 15,132 73.6
Source: U.S. Census
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7. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Texas Metropolitan Area Population* Change
Percent
Metropolitan Area 1996 2006 Change
Austin-Round Rock 1,073,037 1,513,565 41.1
McAllen-Edinburg-Mission 503,411 700,634 39.2
Laredo 171,583 231,470 34.9
Dallas-Fort Worth-Arlington 4,627,649 6,003,967 29.7
Houston-Sugar Land-Baytown 4,334,020 5,539,949 27.8
Brownsville-Harlingen 312,086 387,717 24.2
San Antonio 1,599,427 1,942,217 21.4
Texas 19,340,342 22,859,968 18.2
Tyler 166,087 194,635 17.2
Sherman-Denison 102,993 118,478 15.0
El Paso 656,482 736,310 12.2
College Station-Bryan 172,341 192,152 11.5
Amarillo 217,579 241,515 11.0
Killeen-Temple-Fort Hood 318,613 351,322 10.3
Waco 205,894 226,189 9.9
Midland 114,412 124,380 8.7
Longview 190,556 203,367 6.7
Lubbock 247,099 261,411 5.8
Texarkana 127,694 134,510 5.3
Victoria 108,636 114,088 5.0
Odessa 121,519 127,462 4.9
Corpus Christi 398,529 415,810 4.3
San Angelo 104,574 105,752 1.1
Abilene 156,351 158,063 1.1
Beaumont-Port Arthur 380,417 379,640 -0.2
Wichita Falls 151,170 145,528 -3.7
* July 1 population estimates
Source: U.S. Census Bureau
Dallas-Fort Worth-Arlington MSA Projected Population
Texas State Data Center Texas Water Development
Year (Scenario 0.5) Board
5,161,544
2000 5,161,518
5,667,966
2005 -
6,197,165
2010 6,506,854
6,753,598
2015 -
7,340,103
2020 7,830,371
7,973,634
2025 -
8,648,782
2030 8,947,262
9,360,952
2035 -
10,106,814
2040 10,103,144
Sources: Texas State Data Center (2006 projection) and Texas Water Development
Board (2006 projection)
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8. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Texas Metropolitan Area
Population Growth Forecast, 2000 - 2020
Texarkana
Wichita Falls
Beaumont-Port Arthur
Abilene
San Angelo
Sherman-Denison
Longview
Lubbock
Midland
Tyler
Waco
Odessa
Victoria
College Station-Bryan
Amarillo
San Antonio
Corpus Christi
Texas
Killeen-Temple-Fort Hood
Houston-Sugar Land-Baytown
El Paso
Dallas-Fort Worth-Arlington
Brownsville-Harlingen
Austin-Round Rock
McAllen-Edinburg-Mission
Laredo
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Source: Texas State Data Center – Scenario 0.5 (2006 projection)
Household Composition
Dallas Fort Worth-
Arlington PMSA
PMSA Texas
Average household size (2000) 2.7 2.68 2.74
Population younger than 18
(2000, in percent) 28.0 28.0 28.2
Population 65 and older
(2000, in percent) 7.7 8.8 9.9
Source: U.S. Census Bureau (1999 definition)
Distribution by Race and Hispanic or Latino Origin, 2000
(in percent)
Dallas Fort Worth-
PMSA Arlington PMSA Texas
White 67.2 74.3 71.0
Black 25.1 11.2 11.5
Asian 4.0 3.2 2.7
American Indian 0.6 0.6 0.6
Other 10.7 8.3 11.7
Two or more races 2.4 2.4 2.5
Hispanic (of any race) 23.0 18.2 32.0
Source: U.S. Census Bureau (1999 definition)
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9. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Education
Educational Attainment, Persons Age 25 and Older
(in percent)
High school Some college, Associate's Bachelor's Master's Doctorate
graduate no degree degree degree degree degree
County
15.1 23.1 6.3 32.8 11.3 1.2
Collin
21.7 21.3 5.0 18.0 6.0 0.8
Dallas
36.1 21.5 4.0 8.5 4.8 0.5
Delta
19.9 26.1 6.7 26.6 7.4 1.2
Denton
30.8 24.6 5.3 12.4 3.2 0.4
Ellis
34.3 22.0 3.8 10.7 4.6 0.8
Hunt
33.2 25.0 5.5 9.7 2.8 0.4
Johnson
33.8 22.9 5.5 8.9 2.4 0.3
Kaufman
30.4 25.3 6.2 12.5 3.8 1.1
Parker
22.9 25.3 5.9 22.4 7.1 0.7
Rockwall
23.5 25.1 6.0 18.8 5.7 0.7
Tarrant
34.8 23.5 4.8 9.2 2.4 0.4
Wise
24.8 22.4 5.2 15.6 5.2 0.8
Texas
Source: U.S. Census Bureau 2000
Educational Level, Persons Age 25 and Older, 2000
(in percent), PMSA
Dallas Fort Worth-
PMSA Arlington PMSA
Level of Education
High School Graduate or Higher 79.4 81
Bachelor's Degree or Higher 30 25.1
Source: U.S. Census Bureau 2000 (1999 definition)
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10. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Local College and University Enrollment, Fall Semester
School 2002 2003 2004 2005 2006
Dallas Baptist University 4,417 4,538 4,714 4,988 5,146
DCCCD Brookhaven College 9,184 9,718 9,714 9,725 9,634
DCCCD Cedar Valley College 3,990 4,443 4,265 4,300 4,357
DCCCD Eastfield College 9,071 9,376 9,410 9,452 9,187
DCCCD El Centro College 5,672 6,182 5,903 6,629 6,529
DCCCD Mountain View College 6,266 5,843 5,980 6,140 6,766
DCCCD North Lake College 8,456 7,960 8,189 8,623 8,830
DCCCD Richland College 13,562 13,204 13,412 13,552 13,774
Paul Quinn College 871 858 966 771 783
Southern Methodist University 10,955 11,161 10,901 11,024 10,990
Tarrant County Northeast Campus 10,882 11,602 12,405 12,372 12,135
Tarrant County Northwest Campus 5,182 6,025 7,241 7,356 7,546
Tarrant County South Campus 8,027 8,200 9,971 9,885 9,431
Tarrant County Southeast Campus 8,370 8,579 8,657 8,975 9,339
Texas Christian University 8,074 8,275 8,632 8,706 8,865
Texas Wesleyan University 2,576 2,845 2,742 2,662 2,930
Texas Woman's University 8,703 9,701 10,746 11,326 11,479
University of Dallas 3,159 3,125 2,987 2,992 2,941
University of North Texas 30,183 31,065 31,155 31,947 33,443
University of Texas at Arlington 23,821 24,979 25,297 25,216 24,825
University of Texas at Dallas 13,229 13,718 14,092 14,399 14,523
Weatherford College 3,569 3,895 4,216 4,437 4,379
Source: Texas Higher Education Coordinating Board
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11. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Employment
Top 20 DFW Employers
Employer Sector Employees
Wal-Mart Stores, Inc. Retail 29,237
AMR Corp./American Airlines Airline 25,000
Dallas ISD Education 19,359
Texas Health Resources Health care 17,000
Raytheon Co. Defense and aerospace 16,250
Verizon Communications, Inc. Telecommunications 15,900
Lockheed Martin Aeronautics Co. Military aircraft 15,000
Baylor Health Care System Health care 14,572
AT&T Communications 14,000
U.S. Postal Service Government 13,850
HCA Healthcare Health care 13,000
Albertson's Inc. Retail grocery 12,240
City of Dallas Government 12,221
Countrywide Home Loans Financial services 11,798
Kroger Food Stores Grocery 11,500
Citigroup Inc. Financial services 10,635
Brinker International Inc. Restaurants 10,283
TTI, Inc. Semiconductor 9,972
Fort Worth ISD Education 9,881
Texas Instruments Semiconductor 9,700
Source: Greater Dallas Chamber Economic Development Guide Nov-2006
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12. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Fort Worth Top Ten Employers
Employer Sector Employees
Airline 28,492
American Airlines
Military aircraft 15,000
Lockheed Martin Aeronautics Co.
Fort Worth ISD Education 10,389
Bell Helicopter - Textron, Inc. Manufacture vertical flight aircraft 6,000
City of Fort Worth Municipal government 5,750
Tarrant County Government Government 4,050
Chase Financial services 4,000
Cook Children's Medical Center Non-profit children's health care 3,800
Harris Methodist Fort Worth Hospital Medical 3,789
BNSF Railway Transportation services 3,500
Source: Fort Worth Chamber of Commerce Feb-2006
Fort Worth Top Ten Private Employers
Employer Sector Employees
Airline 28,492
American Airlines
Military aircraft 15,000
Lockheed Martin Aeronautics Co.
Bell Helicopter - Textron, Inc. Manufacture vertical flight aircraft 6,000
Chase Financial services 4,000
Cook Children's Medical Center Non-profit children's health care 3,800
Harris Methodist Fort Worth Hospital Medical 3,789
BNSF Railway Transportation services 3,500
RadioShack Corp. Electronics 3,337
JPS Health Network Health Care 3,309
Alcon Laboratories Ophthalmic pharmaceuticals 2,977
Source: Fort Worth Chamber of Commerce Feb-2006
-8-

13. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Arlington Top Ten Employers
Employer Sector Employees
Arlington Independent School Dist. Education 8,000
University of Texas at Arlington Education 5,700
Six Flags Over Texas Hospitality & Tourism 3,200
General Motors Manufacturing 3,000
The Parks Mall Retail 3,000
Texas Rangers Baseball Club Hospitality & Tourism 1,800
City of Arlington Government 1,700
AmeriCredit Finance 1,300
Arlington Memorial Hospital Health care 1,300
Providian Financial Financial call center 1,200
Source: Arlington Chamber of Commerce April-2007
Arlington Top Ten Private Employers
Employer Sector Employees
Six Flags Over Texas Hospitality & Tourism 3,200
General Motors Manufacturing 3,000
The Parks Mall Retail 3,000
Texas Rangers Baseball Club Hospitality & Tourism 1,800
AmeriCredit Finance 1,300
Arlington Memorial Hospital Health care 1,300
Providian Financial Finance 1,200
Wal-Mart Retail 1,200
National Semiconductor Manufacturing 1,100
Chase Bank Call Center Finance 1,000
Source: Arlington Chamber of Commerce April-2007
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14. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Employment Growth by Industry
Dallas-Plano- Fort Worth -
Irving Arlington Texas
Employment Growth 2006 (Percent Change) 3.7 3.0 3.3
Unemployment Rate 2006 (Percent Change) 4.8 4.7 4.9
Net Job Change in 2006 72,200 24,100 318,300
2006 Employment Growth by Sector (Percent Change)
Natural Resources and Mining and Construction 5.3 6.9 7.5
Manufacturing 1.8 2.9 3.2
Trade, Transportation, and Utilities 2.0 1.8 2.5
Information 0.0 -2.4 -0.4
Financial Activities 4.2 0.8 2.6
Professional and Business Services 8.2 5.3 6.0
Educational and Health Services 5.2 6.5 2.8
Leisure and Hospitality 3.5 2.2 3.9
Government 2.5 1.6 1.7
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
Texas Metropolitan Area Nonfarm Employment Change
Percent
Metropolitan Area 1996 2006 Change
McAllen-Edinburg-Mission 126,900 202,600 59.7
Midland 126,900 202,600 59.7
Laredo 56,500 84,200 49.0
Austin-Round Rock 540,900 720,000 33.1
Brownsville-Harlingen 94,000 121,300 29.0
College Station-Bryan 71,400 90,200 26.3
Tyler 73,700 91,700 24.4
Killeen-Temple-Fort Hood 97,600 118,100 21.0
Dallas-Fort Worth-Arlington 2,331,600 2,860,800 22.7
San Antonio 658,300 811,300 23.2
Longview 76,100 91,600 20.4
Houston-Sugar Land-Baytown 1,981,700 2,446,000 23.4
Texas 8,257,900 10,053,300 21.7
Lubbock 111,300 128,400 15.4
Waco 92,600 106,000 14.5
Corpus Christi 155,100 173,800 12.1
Odessa 48,100 57,400 19.3
Amarillo 96,900 110,100 13.6
Victoria 45,200 50,000 10.6
El Paso 236,700 264,800 11.9
Texarkana 50,300 55,700 10.7
Sherman-Denison 42,000 44,500 6.0
Abilene 60,600 65,300 7.8
San Angelo 42,500 44,700 5.2
Wichita Falls 59,600 62,500 4.9
Beaumont-Port Arthur 151,200 160,500 6.2
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
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15. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Metropolitan Area Nonfarm Employment Change
1996-2006
Wichita Falls
San Angelo
Sherman-Denison
Beaumont-Port Arthur
Abilene
Victoria
Texarkana
El Paso
Corpus Christi
Amarillo
Waco
Lubbock
Odessa
Longview
Killeen-Temple-Fort Hood
Texas
Dallas-Fort Worth-Arlington
San Antonio
Houston-Sugar Land-Baytown
Tyler
College Station-Bryan
Brownsville-Harlingen
Austin-Round Rock
Laredo
Midland
McAllen-Edinburg-Mission
0% 10% 20% 30% 40% 50% 60% 70%
Source: Texas Workforce Commission and Real Estate Center
Average Hourly Wage
2005
Brownsville-Harlingen $12.25
McAllen-Edinburg-Mission $12.72
Abilene $13.39
Laredo $13.50
San Angelo $14.08
El Paso $14.14
Wichita Falls $14.17
Killeen-Temple-Fort Hood $14.23
Waco $14.45
Longview $14.63
Sherman-Denison $14.66
Texarkana $14.71
Corpus Christi $14.89
Tyler $15.11
Odessa $15.11
Victoria $15.34
Amarillo $15.37
Lubbock $15.51
Beaumont-Port Arthur $15.59
San Antonio $15.76
College Station-Bryan $15.85
Midland $16.56
Texas $17.10
Austin-Round Rock $18.71
Houston-Sugar Land-Baytown $18.76
Dallas-Fort Worth-Arlington $18.84
$10.00 $12.00 $14.00 $16.00 $18.00 $20.00
Source: Texas Workforce Commission
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16. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Plano-Irving MD Fort Worth-Arlington MD
Nonfarm Employment Nonfarm Employment
Percent Percent
Change Change
Year Employment Year Employment
1,650,000 - 681,500 -
1996 1996
1,742,600 5.6 710,300 4.2
1997 1997
1,826,100 4.8 742,800 4.6
1998 1998
1,893,900 3.7 769,600 3.6
1999 1999
1,966,900 3.9 796,300 3.5
2000 2000
1,976,500 0.5 798,500 0.3
2001 2001
1,916,000 -3.1 789,000 -1.2
2002 2002
1,883,000 -1.7 782,600 -0.8
2003 2003
1,903,300 1.1 794,900 1.6
2004 2004
1,951,500 2.5 813,000 2.3
2005 2005
2,023,700 3.7 837,100 3.0
2006 2006
Source: Texas Workforce Commission and Source: Texas Workforce Commission and
Real Estate Center at Texas A&M University Real Estate Center at Texas A&M University
Nonfarm Employment Growth
Dallas-Fort Worth-Arlington MSA
7.0
6.0
5.0
Percent Change from Previous Year
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Dallas-Plano-Irving Fort Worth-Arlington
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
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17. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Distribution of Employment in Major Categories
Dallas-Plano-Irving MD
2,500,000
2,000,000
Total Annual Jobs
1,500,000
1,000,000
500,000
0
2002 2003 2004 2005 2006
Natural Resources and Mining and Construction Manufacturing
Trade, Transportation, and Utilities Information
Financial Activities Professional and Business Services
Educational and Health Services Leisure and Hospitality
Government
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
Distribution of Employment in Major Categories
Fort Worth-Arlington MD
900,000
800,000
700,000
600,000
Total Annual Jobs
500,000
400,000
300,000
200,000
100,000
0
2002 2003 2004 2005 2006
Natural Resources and Mining and Construction Manufacturing
Trade, Transportation, and Utilities Information
Financial Activities Professional and Business Services
Educational and Health Services Leisure and Hospitality
Government
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
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18. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington MSA
Unemployment Rate
7
6
5
4
Percent
3
2
1
0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University
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19. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Economy
Fort Worth-Arlington MD
Dallas-Plano-Irving MD
Gross Retail Sales
Gross Retail Sales
Sales per Sales per
Capita Year Total Sales Capita
Year Total Sales
1995
1995 39,453,669,760 #N/A 16,781,866,218 #N/A
1996
1996 43,244,343,151 14,056 18,512,124,617 11,935
1997
1997 45,596,786,952 14,346 19,368,252,131 12,166
1998
1998 50,395,804,082 15,350 20,434,340,405 12,498
1999
1999 54,369,358,086 16,080 20,948,095,725 12,479
2000
2000 57,063,698,868 16,534 23,806,625,051 13,919
2001
2001 55,934,773,026 15,601 25,232,389,298 14,301
2002
2002 55,529,200,413 15,154 23,956,639,978 13,246
2003
2003 56,474,148,771 15,111 25,038,695,682 13,544
2004
2004 64,552,459,062 16,930 27,099,154,429 14,358
2005 2005
78,916,290,105 20,271 28,386,068,582 14,736
State Average 2005: $15,935 State Average 2005: $15,935
* 2006 data not available as of April 15, 2007. * 2006 data not available as of April 15, 2007.
Source: Texas Comptroller's Office
Source: Texas Comptroller's Office
Gross Retail Sales per Capita
2005
Brownsville-Harlingen
Texarkana
McAllen-Edinburg-Mission
El Paso
Corpus Christi
Wichita Falls
Beaumont-Port Arthur
College Station-Bryan
Sherman-Denison
Waco
Abilene
San Angelo
Laredo
Victoria
Killeen-Temple-Fort Hood
Houston-Sugar Land-Baytown
San Antonio
Fort Worth-Arlington MD
Amarillo
Longview
Tyler
Austin-Round Rock
Odessa
Texas
Midland
Dallas-Plano-Irving MD
Lubbock
$5,000 $7,000 $9,000 $11,000 $13,000 $15,000 $17,000 $19,000 $21,000
Source: Texas Comptroller's Office
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20. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Infrastructure
DFW Airline Activity
2002 2003 2004 2005 2006
Airport
Dallas Love Field
2,811,471 2,795,554 2,945,588 2,949,266 3,439,050
Enplaned
2,811,283 2,793,376 2,944,168 2,947,499 3,435,667
Deplaned
5,622,754 5,588,930 5,889,756 5,896,765 6,874,717
Total
Dallas/Fort Worth International
Total enplaned and
52,814,185 53,253,607 59,445,740 59,161,779 60,226,138
deplaned*
*Domestic and international passengers
Source: Dallas-Fort Worth International Airport and Dallas Love Field Airport
Airport Cargo Statistics
2002 2003 2004 2005 2006
Airport
Dallas/Fort Worth International* 738,074 734,828 817,825 817,866 834,643
*In US Tons
Source: Dallas-Fort Worth International Airport
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21. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Public Facilities
Dallas City Public Facilities Building Permits 2005*
Dallas City Building Permit Office
* 2006 data not available as of April 15, 2007.
Denton City Public Facilities Building Permits 2005*
Denton City Building Permit Office
* 2006 data not available as of April 15, 2007.
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22. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Hurst City Public Facilities Building Permits 2005*
Hurst City Building Permit Office
* 2006 data not available as of April 15, 2007.
Fort Worth City Public Facilities Building Permits 2005*
Fort Worth City Building Permit Office
* 2006 data not available as of April 15, 2007.
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23. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Garland City Public Facilities Building Permits 2005*
Garland City Building Permit Office
* 2006 data not available as of April 15, 2007.
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24. Real Estate Center Market Overview 2007
Dallas – Fort Worth – Arlington, TX
Dallas-Fort Worth-Arlington Market Overview 2007
Multifamily
Apartment Statistics 2006
Texas Metro
Dallas Fort Worth Average
Average rent per square foot $0.82 $0.75 $0.77
Average rent for units built since 2000 $0.92 $0.83 $0.86
Average occupancy 92.1% 91.1% 92.8%
Average occupancy for units built since 2000 94.0% 92.6% 94.1%
Source: Apartment MarketData Research
Multifamily Building Permits
5+ Multifamily Building Permits
18,000
16,000
14,000
12,000
10,000
Units
8,000
6,000
4,000
2,000
0
p
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Dallas Fort Worth-Arlington 2006 figure is a preliminary number.
Source: U.S. Bureau of Census and Real Estate Center at Texas A&M University
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