The last few years have taken us on a wild ride in the world of commercial interiors in DFW. From supply chain shortages to economic uncertainty to incredible growth, the landscape has evolved while the demand remains strong. As we move through 2024, it’s evident that new challenges are emerging, but so are the opportunities. Let’s delve into what lies ahead.
Fierce Competition and Unprecedented Growth
DFW drives great economic growth, attracting companies from across the nation and all over the world. This influx of businesses has not only fueled growth but has also intensified competition, a match we love to play even in our own industry as we demonstrate our deep roots, strong local partnerships and a reputation backed by a diverse portfolio that has only expanded along with the region.
Cautious Optimism Amidst Uncertainty
While there’s great interest and demand in the market, cautious optimism prevails for those businesses navigating through uncertainties. Many are adopting a ‘hurry up and wait’ approach, awaiting favorable conditions such as lower interest rates, a favorable political climate, direction on corporate return to work protocols or new vacancies to open up. For us that means a longer real estate cycle for some projects followed by an accelerated construction schedule.
New Challenges on the Horizon
One of the most pressing challenges facing our industry is the shortage of qualified tradesmen, particularly in millwork. This scarcity is felt across every project, creating hurdles in scheduling and execution. With our network of partners, we’re addressing this issue by integrating workforce development initiatives into our operations. Our future internal trainee program will help develop skilled professionals and meet demand while elevating construction as the rewarding profession it is.
Embracing New Opportunities
Despite the challenges, there’s a silver lining on the horizon. With more and more employees returning to the office and Fort Worth experiencing a surge in office spaces like The Crescent filling up before they’re even built, there’s ample room for growth and innovation. The resurgence of office culture presents an opportunity for the industry to reimagine workspaces that prioritize flexibility, collaboration, wellness and productivity.
Thinking Outside the Zip Code
From downtown to uptown, Irving to Frisco, all the way to Fort Worth, DFW boasts a variety of desirable districts for doing business. In the last few years, quite a few hot pockets have been added to the list and it’s been a pleasure to discover these areas firsthand and grow our business alongside these attractive corporate destinations.