Market Trends for tarrant county Commercial Property 

Tarrant CAD Tarrant Market Trends for Commercial Property 

In 2023, Tarrant CAD Tarrant reported a $126.6 billion total commercial market value, highlighting its impact on the county’s tax base. With 26,816 commercial accounts, the sector saw steady valuation growth, driven by industrial expansion, rising retail spaces, and multi-use developments. Reappraisals ensured accuracy, addressing fluctuating demand, lease adjustments, and vacancy rates.

TCAD Tarrant

Trends in New Construction Permits and Value in Tarrant County 

  • Noticed commercial properties decreased by 2.5%, totaling 20,827 in 2023, while 96.1% were noticed by April 15, improving timeliness.
  • Commercial property tax protests rose by 4.3%, reaching 15,205, with formal hearings increasing by 16% to 5,122 cases.
  • Commercial construction permits surged by 38.9%, totaling 5,200 in 2023, indicating strong investment in commercial development.

The Tarrant County Appraisal District monitored construction permit trends, revealing strong growth and sustained development.

TCAD Tarrant

Tarrant County Apartment Market Overview

  • Multi-family properties in Tarrant County reached $54.1 billion in appraised value, with a growing emphasis on affordability.
  • Suburban apartment developments expanded, driven by renter demand for larger spaces and shifting housing preferences.
  • Tarrant CAD focused on reappraisals in high-growth areas, refining valuation accuracy as rental demand surged alongside rising home prices.

In 2023, multi-family properties played a key role in Tarrant County’s real estate market, contributing a total appraised value of $54.1 billion. The apartment sector experienced notable shifts.

Tarrant County Warehouse

  • Warehouse assessments in Tarrant County increased by 21.1% in 2023, highlighting the sector’s critical role in supply chain and logistics.
  • The Fort Worth industrial market saw a 9.4% vacancy rate in Q3 2024, driven by a surge in new supply.
  • Despite rising vacancies, demand for warehouses near transportation hubs remains strong, reinforcing their economic significance.

The warehouse market in Tarrant County showed robust growth as a critical asset class, driven by the e-commerce boom and logistics demand.

TCAD Tarrant