Today's Fort Worth Star Telegram carried a story that very much goes against all the doom and gloom we too often see both in print, and on the "downer" networks of Fox Noise, MSNCB, CNN and CNBC.
The article shared the news of the recent opening of a commercial real estate brokerage office on the second floor of the office building called "The Tower" in downtown Fort Worth. The very fact that these folks have the nerve... the sheer gumption... to open a new commercial real estate office downtown is awesome news !
Drew Kile, speaking of the new office, exclaimed that "There's no doubt that Tarrant County and Fort Worth, in every headline and statistic you see, is one of the strongest markets, really, anywhere in the country."
Tarrant County, home of Fort Worth, has a multitude of weapons to fight off the fears of recession that have spooked much of the remainder of the country. The Fort Worth economy is quite diverse... with the military-jet production at Lockheed Martin, the busy shipping and transportation provided by both Burlington Northern Sante Fe and Union Pacific... both of which operate out of Fort Worth.
There is currently much construction under way in Fort Worth... in both commercial and large convention-center hotels. This, coupled with the one of the regions most powerful economy drivers... the Barnett Shale Natrual Gas find that spreads beneath Metropolitan Fort Worth... providing royalty and bonus checks for many throughout the county... brings great news to formerly nervous folks. And TCU... Texas Christian University in Fort Worth... has expansion underway, too !
Compared with the rest of the U.S., North Texas income growth is stronger, the jobless rate is lower, and hotel revenue is better. And through all of this, commercial construction remains strong.
And, Fort Worth is not alone. Currently every other major metro area in Texas is performing above most of the rest of the metro areas throughout the country.
With Fort Worth being on I-35... coupled with Burlington Northern Sante Fe, Union Pacific, and the Alliance Corridor with Alliance Airport (primarily shipping) and the Texas Motor Speedway continuing to fuel growth, many are finally starting to echo what Fort Worthians have known all along... Fort Worth Rocks !