Deprecated: Function create_function() is deprecated in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/includes/widget-video.php on line 56

Deprecated: Function create_function() is deprecated in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/includes/widget-facebook-fans.php on line 56

Deprecated: Function create_function() is deprecated in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/includes/widget-best-reviews.php on line 113
Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 51

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 52

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 53

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 54

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 55

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 56

Warning: A non-numeric value encountered in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-content/themes/up/single.php on line 57

The Robbie Report: Dallas Region Ranks as Energy “Boom Town”

June 26th, 2013 | by The Update
The Robbie Report- Dallas Region Ranks as Energy Boom Town

In its first annual Energy Outlook report, commercial real estate services firm Jones Lang LaSalle names Dallas-Fort Worth an energy “boom town,” and predicts exponential growth in industrial, commercial and residential real estate to accomodate the workforce growth in that economic sector.

Here’s what Jones Lang LaSalle said about DFW:

“Even though Dallas-Fort Worth has diversified greatly into a variety of technology sectors over the last 25 years, energy continues to be a foundational part of north Texas. One recent economic driver has been the Barnett Shale natural gas deposits, west of Fort Worth, which has helped make the Fort Worth central business district an energy hub.

“While the Barnett Shale area has been known for decades, the handful of wells that existed through the early 1990s were experimental. When horizontal drilling and fracturing took off after 2000, it became feasible to tap these resources. It is estimated that this resource has contributed more than $1 billion to the local and state governments. Importantly, the timing of this sector’s boom helped the Dallas-Fort Worth and Texas economies expand when most markets were struggling through the last recession.”

Click here to read the full report from Jones Lang LaSalle.

In its article about the Jones Lang LaSalle report, the Dallas Business Journal says Dallas-Fort Worth is adding energy-related jobs to the workforce and heating up the competition for prime real estate.

Says the Dallas Business Journal: Part of the reason for Dallas’ popularity is the low cost of living, affordability of homes and skilled labor, said Jubal Smith, executive vice president of business and economic incentives at Jones Lang LaSalle.

“Dallas-Fort Worth is the largest city with no geographic features limiting growth, such as mountains, rivers, a lake or an ocean,” Smith told the Journal. “There’s also a lot of young professionals in downtown and Uptown Dallas, which has been a good dynamic.”

Click here to read the full article from the Dallas Business Journal.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout the Metroplex and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

 

Tags: , , , , , , , , , , , , , , ,




Warning: count(): Parameter must be an array or an object that implements Countable in /mnt/stor0-wc1-dfw1/668943/994446/www.updatedallas.com/web/content/wp-includes/class-wp-comment-query.php on line 405
Back to Top ↑

Skip to toolbar