Downtown Fort Worth, Inc. has released its 2014 State of Downtown Report, a yearly publication that offers in-depth analysis of Downtown's primary real estate performance indicators and economic, social and education data.
According to data from the report, Downtown has maintained a 95.5% average retail occupancy rate and experienced a 50.5% increase in clothing store sales since 2006. Findings from the report also indicate a growing demand for Downtown housing. Apartment occupancy remained above 94% for the year, while inventory grew by 11.6% with the addition of 262 units. More than 1,314 new rental units are currently planned or under construction.
Downtown Fort Worth is the largest employment center in Tarrant County generating over $2.9 billion in private payroll with more than 46,000 jobs.
Read more...Downtown Fort Worth, Inc. Releases 2014 'State of Downtown' Report -- FORT WORTH, Texas, May 12, 2015 /PRNewswire-USNewswire/ --
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