Have you noticed the number of rental homes in the 76179 zip area, or for that matter in the 76177, 75022, or 76131 areas? Take a drive around Fort Worth and you’ll see rental homes on the market, and almost all of them are newly-constructed, which is an indication of a very healthy economy.
Think about it: developers are in the business of making money. They are not going to build rental homes, or rental apartments or condos, if the economy cannot support that kind of growth. They have done their research. They have tossed the numbers every which way but loose, and those economic numbers tell them that Fort Worth is healthy, vibrant, and ready for a boom.
So follow that to its natural conclusion: people move in, people rent homes, people shop at businesses, more businesses are needed, more tax dollars are made, more tax dollars help to build the economy, and more people move in because the economy is healthy.
Welcome to Fort Worth, Texas!
But Fort Worth is huge, the DFW Metroplex the 4th largest in the United States, so maybe it is too large to wrap our brains around and too large to use as a good example. Let’s shrink it down a bit and just talk about North Fort Worth, and in particular the Alliance commercial real estate area. Let’s look at some demographics of a 3-mile radius around the Alliance area:
- Average household income . . . $100,849
- Total population . . . 47,417
- Households . . . 14,609
That’s all within a three-mile circle, within a larger circle which is the DFW metro area, and it is all booming with no signs of slowing down anytime soon.
And that is all great news for businesses.
In fact, North Fort Worth is one of the leading areas in the country or home-based businesses and small businesses, which in turn means it is a leading area in small office, small warehouse, and small flex space rentals. Commercial space for lease in Fort Worth is seemingly countless in number.
And as you might expect, a fast-growing economic area is also a leader in innovation, for innovators follow success as surely as seagulls follow passenger ships.
And one sure innovation is evidenced by the opening of the first, and as of the summer of 2017, the only business park made entirely from shipping containers, Box Office Warehouse Suites in the Alliance commercial real estate area.
Shipping containers are enjoying a resurgence. With over seven million unused containers in the United States, it was recently discovered that they would make a great building component. Why waste more natural resources on building, it was thought, when a shipping container can be retrofitted and made into a perfectly-functional living space or economic space? It turns out container buildings are revolutionary and practical.
They are, in fact, the perfect size (320 square feet) for home-based businesses or small businesses looking for a great rental price.
Box Office Warehouse Suites . . . the shipping container revolution . . . North Fort Worth, a symbol of a booming economy.
It turns out rental homes do, indeed indicate a healthy economy!
