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DFW Economic Update Total nonfarm employment in the Dallas-Fort Worth-Arlington Metropolitan Statistical Area stood at 3,101,300 in January 2014, up 95,900 over the year. From January 2013 to January 2014, local nonfarm employment rose 3.2 percent, well above the national increase of 1.8 percent. Regional Commissioner Stanley W. Suchman noted that among the 12 largest metropolitan areas in the country, Dallas ranked second in the rate of job growth and third in the number of jobs added last year.

Dallas- Fort Worth is the largest metro area in the State of Texas and is ranked 4th Largest nationally with more than 6.8 million residents as of 2013. The local population increased by approximately 110,000 persons last year. The Dallas-Fort Worth-Arlington Metropolitan Statistical Area consists of two metropolitan divisions –separately identifiable employment centers within the larger metropolitan area. The Dallas-Plano-Irving Metropolitan Division, which accounted for 70 percent of the area's workforce, added 70,500 jobs during 2013, a gain of 3.3 percent. The Fort Worth-Arlington Metropolitan Division, which accounted for the remaining 30 percent of the area workforce, added 25,400 jobs during the 12-month period, a 2.8-percent increase.

Texas’ seasonally adjusted unemployment rate fell to 5.2 percent from 5.5 percent in March 2014, according to the Texas Workforce Commission. That was far less than the previous U.S. jobless rate of 6.3 percent. Texas led all states in job creation for the month of April and the last 12 months, according to BLS data. California was No. 2 for each period, with 56,100 new jobs last month and 340,200 over the last year. Florida was no. 3 with 34,000 jobs in April and 246,800 in the last year. For the last 12 months, Texas added 348,000 jobs, with gains in all 11 major industry groups gaining. The energy industry has seen the fastest growth in that time, with employment up 7.5 percent.

The DFW metroplex’s current unemployment rate, as of April 2014, is 4.7 percent, much lower than the current rate of 5.9 percent. An Estimated 1,000,000 new persons will be living in the DFW area in the next six years and annual job growth will be in the 3-4% range.

Recent Transactions Represented Oxford Senior Living in purchasing four acres in Carrolton at Marsh Lane and Keller Springs for a 60 bed memory care center. Also purchased 8 acres on behalf of Oxford in Grand Prairie, for a 72 bed assisted living and memory care facility.

Sold 1.25 acres in Coppell for Neighborhood Credit Union.

Leased 6,000 sf to Tupinamba’s Cafe at Lakeside Village in Dallas.

Opes Enterprises, Inc., secured their lease for 3,267 SF at Hillside Village in Dallas.

MS2 Investments, LLC, purchased an 18,323 SF food processing plant and refrigerated distribution center at 730 N Great Southwest Parkway in Arlington. Triumph Commercial Real Estate negotiated the sale with David Sours of CBRE.

Visionary Restaurants, LLC, signed a 5 year lease for a 3,200 square feet suite of office space in Lakeside Village.

Allstate Insurance leased 1,200 square feet at Uptown Center in Cedar Hill.

Custom Cleaners leased two new Intown Dallas drop-off only locations at The Shops at Park Lane and Mockingbird Square.

Consummated multiple leases for The Dalton Gang, Inc., master franchiser for Subway sandwiches in the Dallas area during 2012. New locations include: *Royal and I-75* *Walnut Hill and Audelia* *Fitzhugh and Belmont Avenue* *Casa Cinda Shopping Center* *Greenville and LBJ* *Ross and Field* *Spring Valley and Centennial* *Industrial and Continental* *Ross and Haskell*

Carter Bloodcare signed a 7 year lease for 5,506 square feet of office space at LBJ Financial Plaza, 5550 LBJ Freeway in Dallas as wells as a 5 year lease for 1,480 square feet of office space at 100 East End Boulevard North in Marshall.

Dr. Cheletta L. Watkins, M.D., signed a 5 year lease for 2,100 square feet of office space at 818 North Highway 67 in Cedar Hill. This is her second family practice location.

Comic Asylum, a gaming, comic book and magic store, moved into 2,500 square feet at Block 24 located at the SWC of Arapaho and Jupiter in Richardson. Block 24 is an office/retail/multifamily mixed-use project owned by Tonti Properties.

Mooyah Burgers-Fries-Shakes has leased 2,485 square feet at Southlake Marketplace in Southlake. The lease was for 10 years with two 5 year options.

Elite Edge Uptown, LLC, opened a barber shop and hair salon in 1,500 square feet at Uptown Center in Cedar Hill.

Highlighted Properties Lakeside Village Shopping Center

Triumph Commercial Real Estate was awarded the project leasing assignment for Lakeside Village Shopping Center at the SWC of I-75 and Walnut Hill Lane. The 50,254 square foot Class A neighborhood shopping center was purchased by an affiliate of Dallas-based Retail Plazas, Inc. in January 2012 with financing arranged by Cohen Financials. Primary tenants include Iron Stone Bank, Performance Bicycle, Pittsburgh Paints and Subway.

Triumph Commercial Real Estate
8150 N. Central Expressway Suite 1150 Dallas, TX 75206
PHONE 214-884-4949 FAX 214-884-4910

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