Views
7 months ago

RCG 17 Guide to Markets FINAL[1]

SECTION 2 | METRO

SECTION 2 | METRO FORECAST SUMMARIES Metro: Ft. Worth Benchmark: Red 49 Payroll Job Summary Total Payrolls (4Q17) 1,052,135 4Q17 Year-on-Year Change 27,700 / 2.70% RCR 2018 Forecast 18,100 / 1.72% RCR 2019 Forecast 15,300 / 1.43% RCR 2020 Forecast 10,900 / 1.00% RCR 2021 Forecast 12,500 / 1.14% Payroll Job Summary Total Payrolls (4Q17) 75,856,600 4Q17 Year-on-Year Change 1,287,000 / 1.73% RCR 2018 Forecast 1,587,500 / 2.09% RCR 2019 Forecast 1,128,900 / 1.46% RCR 2020 Forecast 916,200 / 1.17% RCR 2021 Forecast 999,000 / 1.29% Occupancy Rate Summary 4Q17 Occupancy Rate (Reis) 96.54% Occupancy Rate Summary Occupancy Rate (Reis) 95.44% RED 49 Rank 8 Annual Chg. (Reis) 0.2% RCR YE18 Forecast 95.2% RCR YE19 Forecast 95.1% RCR YE20 Forecast 94.7% RCR YE21 Forecast 94.3% Annual Chg. (Reis) -0.4% RCR YE18 Forecast 95.0% RCR YE19 Forecast 95.2% RCR YE20 Forecast 95.2% RCR YE21 Forecast 95.2% Effective Rent Summary Mean Rent (Reis) $895 Annual Change 5.0% Effective Rent Summary Mean Rent (Reis) $1,342 Annual Change 3.9% RED 49 Rent Change Rank 13 RCR YE18 Forecast 4.1% RCR YE19 Forecast 3.8% RCR YE20 Forecast 3.5% RCR YE21 Forecast 3.4% RCR YE18 Forecast 3.8% RCR YE19 Forecast 3.4% RCR YE20 Forecast 3.1% RCR YE21 Forecast 3.2% Total Return Summary Expected Total Return 7.58% Total Return Summary Avg. Expected Total Return 6.97% ETR RED 49 RANK 11 Risk-adjusted Index (RAI) 5.28 Risk-adjusted Index (RAI) 4.16 RAI RED 49 RANK 8 Generic Purchase Cap Rate 5.50% Derived Terminal Cap Rate 6.03% Average Purchase Cap Rate 5.21% Average Terminal Cap Rate 5.79% 48

SECTION 2 | METRO FORECAST SUMMARIES Fort Worth Occupancy Rate History and Forecast Souces: Reis, Inc. History and RCR Forecasts RED 49 Occupancy Rate Fort Worth Occupancy Rate 98% 97% 96.5% 96% 95.2% 95.1% 94.7% 94.3% 94.1% 95% 94% 93% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Fort Worth Rent Growth History and Forecast Souces: Reis, Inc. History and RCR Forecasts 8% RED 49 Year-On-Year Rent Growth Fort Worth Year-On-Year Rent Growth 7% 6% 5% 4% 5.0% 4.1% 3.8% 3.5% 3.4% 3.8% 3% 2% 1% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 Fort Worth Payroll Job History and Forecast Souces: BLS History and RCR Forecasts RED 49 Year-On-Year Payroll Growth Fort Worth Year-On-Year Payroll Job Growth 4% 3% 2.7% 2% 1.7% 1.4% 1.0% 1.1% 1.6% 1% 0% 4Q13 4Q14 4Q15 4Q16 4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 49

2014-8-6-RCG-Margin-Tax-Rpt-FINAL-1
NYCOSH Protecting Worker 1-17-14 FINAL
appg-booklet-final-17-mar-14-asbestos-in-schools--2-1-
Global-Priority-Market-Analysis-FINAL-VERSION-1
2016/17 VISITING GUIDE
Genesis 17:1-14