DFW Metroplex Office Rents Surge

As if to underline the continued reports of prosperity in the Dallas Metroplex’s business sector, rental rates for offices rose six percent in 2007, averaging $19.65 per square foot in the Dallas area. Many tenants in the area are moving from older, less expensive buildings into the more expensive, newly renovated spaces.Class A office spaces in Dallas was leasing in 2007 for an average of $24.75 per square foot, and some of the areas that saw the greatest climb in rents included Uptown and Turtle Creek, at $26.29 per square foot – a 9.6 percent jump, and the North Central Expressway, which saw an 11.3 percent increase in rental rates, raising them to $20.98 per square foot.

New Build outs Continue

The only thing that stymied the lease market in Dallas office spaces compared with other communities was the volume of available properties. Construction in Dallas office space continues, with 3.5 million square feet of new office space added to the market in 2007. For 2008, another 5.5 million square feet of office space are under construction.

The warehouse and distribution sectors dominated commercial business in North Dallas during 2007 with a vacancy rate of less than nine percent, and some of the largest manufacturing and distribution centers in the United States are under construction in North Dallas right now. This new development will add some 20 million square feet of space to the already massive Metroplex. This is the highest level of development North Dallas commercial real estate has seen since 1999.

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Prosperity in Preston Center

At the edge of University Park, the Preston Center business district is enjoying the highest Dallas office space vacancy rates in the region, at 90.7 percent. Rents in the area are the highest in North Texas, at an average of $29.28 per square foot. The three million square feet of available leased space sits in an area of about 16 blocks, nestled against some very exclusive neighborhoods.The Newest Tenants

Staubach Company has acquired a building at Douglas Avenue and Berkshire Lane, and will be completing its new location adjacent to the Guaranty Bank Tower. R.M. Crowe Company also plans to build a high-rise office building at the corner of the tollway and Luther Lane.

A Shopping Experience

A major draw for business is The Plaza at Preston Center. This mall is more than just a mere collection of stores. The carefully landscaped pathways guide the shopper through a delightful collection of specialty and boutique stores. Businesses in the mall include Sprinkles Cupcakes, so delectable they coerce even the most famous Hollywood stars to wait in line for their sweet treats. This is the original Beverly Hills Cupcake Bakery. For the pet lover, Lucky Dog Barkery, which was featured in the December 2007 issue of D Magazine, provides such indulgences for your pooch as cashmere dog sweaters, chenille beds, and a whole line of spa products.

Upscale Neighbors Drive Business

The Preston Center business is within easy reach of the Preston Hollow and Park Cities neighborhoods. Professionals, executives, and entrepreneurs who live in the area support the businesses, which offer a great deal of convenience.

With all of the prosperity in the Preston Center district, it makes one wonder if any business can go wrong leasing this prime Dallas office space. This successful neighborhood appears to be a gold mine to those who are savvy enough to take advantage of the prestigious location.

DFW Industrial Warehouse Space

The industrial warehouse market has vacancy rates around 9.5%. Although it is a tight market there is plenty of warehouse space available. As of November 2007 according to the Dallas Morning News the industrial warehouse construction was out pacing new office construction. The only other place that compares to Texas is California. There is just over 16 million square feet under construction in the metroplex. Most of that space is already spoken for but there’s a lot up for grabs.

Although vacancy rates are down from last year and rents are slightly up there is a lot riding on the economy. If the economy can hold the DFW warehouse market will remain strong. The DFW market remains attractive because of the central location to the rest of the country.

Whether you are looking for 1000 SF or looking for 500,000 SF we can help you find what your looking for. We have access to all sizes of warehouses. We can help with leasing, purchasing or investments of industrial spaces. See our form to request more information

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Dallas Commercial Real Estate Investment Opportunities

There is a new investment opportunity in Dallas Texas that has recently become available on the market. Dallas commercial real estate property Beckett Plaza, located along the Dallas Parkway, has been announced “for sale”.

This is an amazing business and investment opportunity for a professional who is interested in becoming involved in this hot, new marketplace. Dallas is the fastest growing city in the state of Texas. Each week new businesses, restaurants, shopping centers and more open, to cater to the vastly growing population of this area.

Currently, Beckett Plaza is available to lease. There are five suites that are available on both floors of the building. The suites range from five thousand square feet to twenty-eight thousand square feet, which is a lot of room for an array of possibilities. This is prime Dallas office space, retail space or industrial space.

There are unique, distinctive finishes and architectural features that will impress both the investor and potential clients. Becket Plaza has a number of features that includes a two passenger elevator, a freight area and dock doors. This property is located in the prosperous Platinum Corridor.

The area of Beckett Plaza has several nearby restaurants. Dallas is one of the best cities to invest in for residential and commercial properties alike. Many business professionals consider Dallas to be the new hub for international trade and commerce. Some of the nation’s and the world’s largest corporations reside within the city of Dallas.

If you are interested in investing in the growing, economically-booming city of Dallas, then Beckett Plaza is a terrific opportunity. Beckett Plaza is a piece of valuable commercial real estate just waiting for the right investor

Dallas Texas Office Space

Recently, the Barry-Wehmiller Design Group announced the opening of a new engineering office in the city of Dallas, Texas. This is an exciting new announcement that creates even more premier Dallas office space.

The engineering office will have over 20 employees. This is just one among many exciting Dallas commercial real estate developments. This is the eleventh office that the Barry-Wehmiller Design Group has opened.

The Barry-Wehmiller Design Group is a growing firm, based in St. Louis that specializes in engineering consulting services and manufacturing automation for different industries including the pharmaceutical, biotech and consumer product.

A managing partner with the Design Group, Joseph Wilhelm said, “The Dallas expansion further extends our reach to clients in the South and the Midwest.”

The engineering office, in Dallas, will be led by a partner of the Barry-Wehmiller Design Group, Bruce Kuebler.

This recent commercial real estate development is one among dozens that is currently underway in the city of Dallas. Before the New Year many real estate experts predicted that the surge of real estate development would continue, in Dallas, for the next two decades.

Each and every day companies, large and small, flock to the Dallas/Fort Worth area. This is a fantastic time to invest in Dallas/Fort Worth Texas real estate. There are many wonderful leasing or purchasing options for prime Dallas office space, industrial space and retail space.

The Barry-Wehmiller Design Group engineering office is a great addition to the new businesses that are cropping-up in the city.

Dallas Commercial Real Estate Properties

Dallas Texas is a city that is currently undergoing expansion in the commercial and residential real estate sectors. Many investors consider Dallas to be one of the smartest and wisest cities to invest in. There are two main reasons for this train of thought. First, Dallas is the fastest growing city in numbers of professional and personal residents. Second, the city is experiencing a boom economically, unlike other parts of the country.

There is a new Dallas commercial real estate property that has investors swooping down on the area. The Banner Place North & South is available for lease. The North building of this impressive property consists of suites that are from five-hundred to twenty-one thousand square feet. The South building contains three floors, ranging in size from two thousand to six thousand square feet.

This centrally located Dallas office space has a variety of amenities that include a deli, cark key access, day care and a full-service bank. Also, Banner Place has a parking lot which is four levels. This lot can house approximately eight-hundred cars. Many investors are interested in this commercial real estate investment because there is immediate access to both the BBJ Freeway and the North Central Expressway.

The city of Dallas offers investors opportunities to jump upon premier industrial, retail and office space. With the growing population, of the area, there is a need for new businesses and other ventures. An investor that is looking for a sure-fire profit should consider Banner Place North & South

DFW Commercial Real Estate

The Dallas/Fort Worth area is commonly known as the Metroplex. Currently, the Metroplex is ripe with commercial investment opportunities. Cousins Properties have decided to lease a Park Central office space that consists of three buildings. The layout of this prime Dallas office space has over eight-hundred thousand square feet to brag about.

Mark Dickenson, the senior vice president of Cousins Properties said, “We’re real excited to pick up this assignment. This project gives us three of the primary Class A locations in the Metroplex.” Dickenson was specifically referring to property located at the Towers, in Las Colinas and Lincoln Center, along the LBJ Freeway.

The lease rate was quoted at $20.50 plus the cost of electricity. The tenants that reside within the office complex include big names such as Nexen U.S.A., Interstate Battery, Unitrin and Petroleum Inc.

The real exciting news stems from the fact that Cousins Properties has contracted over one million square feet to be developed into premier office space. This will add to the six million square feet that the Company already leases out, in the Metroplex area. This summer one-hundred thousand square feet will open up when Nexen moves from its current location to Plano, Texas.

There are several profitable investments to be made on Dallas or Fort Worth commercial real estate and other properties. This is a hot deal that consists of a gorgeous office complex; within the office space is a conference center, delicatessen, covered parking, on-site security and a cafeteria. Nearby are other office buildings and a fitness center.