Dallas December 2020 – Key Take Aways

• November data shows that the Services activity in the Texas service sector remains “flat” per a monthly survey.  Labor market indicators signaled a plateauing of employment and slowing growth in hours worked, which is very different for a 4^th quarter for Services than in usual years. 
• Real estate shows record home sales increased with house prices rising at the fastest rate in three years.  Dallas showed an increase of 3% increase and a 2.8% increase in Fort Worth in the 3^rd quarter.
• Home building in DFW ramped up by a robust housing demand.  DFW total single-family permits issued were up 21.3% in DFW and 18.5% in Texas compared to this time last year.
• ·Howard Fuerst with Ten-X Commercial Real Estate, discussed a major current development, Northcreek Place I off of LBJ Freeway in Dallas.  
  • tunning 3 building, ±250,238 SF office complex offered below replacement cost within a high barrier of entry submarket in Dallas, TX
  • Phenomenally located at the intersection of LBJ freeway and Abrams Road delivering a traffic count exceeding 218,500 VPD
  • Considerable value add delivering incredible upside potential; ±24.75% occupied with significant value add potential via strategic vacancy absorption at long term market rates and common area renovations
• NASCO is the only tri-national membership organization focused on the competitiveness of the North American supply chains, environment, and skilled workforce.  It is a grass roots tri-national coalition of governments, businesses and educational institutions driven by a common interest in collaboration along key freight and commercial trade networks.  They encourage North American’s competitiveness in the global marketplace. 
• The biggest IMPORT trading partners are Canada, China and Mexico, South Korea and Germany.  
• The biggest EXPORT trading partners are Canada, China Mexico, Brazil, United Kingdom and Switzerland. 
• 25 cents out of every dollar of goods that are imported from Canada to the U.S. is actually “Made in USA” content and 40 cents of every dollar for goods imported into the U.S. are actually “Made in USA”.