REATA Blog

News & Updates

Office Vacancies Reach High Point in DFW

On Friday, the Dallas Business Journal wrote an article which showed that the Dallas Fort Worth office market has reached the highest vacancy rate seen in decades. They quoted a CBRE study which claims the vacancy rate at the end of 2020 was 23.4%. This was a result...

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Evidence of Softening Rents

We’re now nearly 9 months into the COVID recession and I’m amazed at how many landlords continue to quote the same rental rate they were before this started. We received several proposals for an office client recently and many didn’t come off their quoted rate at all....

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Sublease Update

It’s no surprise that some companies are considering eliminating their offices in favor of a work-from-home strategy. If nothing else, the COVID crisis has proven that the technology exists for people to work from home. The jury is still out on whether they want to or...

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Sublease Listing in Richardson

  ***Update:  Sublease is off the market.*** Our client recently relocated their offices (and combined several) and now need to sublease their Richardson office space.  Kindly take a look at our flyer here and enjoy a 360 degree virtual tour as well.  This...

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Open Office Dead??

Is the open office dead?  Or just evolving?  One of our favorite interior design firms wrote a short article showing how an open office can easily meet a 6-foot separation for employees.  They also discuss other issues to help create a healthier office environment. ...

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Rent Relief Request Template

After writing our March 17, 2020 blog post titled Business Interruption & Rent Relief, we recorded two podcasts on the same subject. Many discussions followed with clients and friends asking for help in the actual implementation of the advice we provided. The...

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Business Survival in Crisis

We’ve all heard more about COVID-19 than any of us ever wanted to hear, so I’m not going to comment on how to avoid the virus or how often you should bath yourself and everything you own in Purell. Instead, I’m simply going to ask, how will this crisis affect your...

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Business Interruption & Rent Relief

Sorry this will be so long, but over the last couple days, we have received several inquiries from clients asking how to go about seeking rent relief from their landlords. Their businesses have no income due to shutdowns related to the COVID-19 pandemic and they won’t...

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Confessions of a Recovering Landlord

We've begun a new podcast entitled, Confessions of a Recovering Landlord. Wait, before you write it off as a boring old monologue, let me tell you that it is filled with delightful dialogue and cheerful (?) banter as Jan is on it with me, grilling, I mean questioning...

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How Would Your Lease Respond in a Crisis?

Distributed work force – the latest euphemism for working from home…although it could include some people working from home, some in an office and some in an executive suite or coworking space.  However, many companies are choosing to do this and in today’s world of...

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CRMs – Love Affair/Terrorist Plot?

Ok, perhaps I was a bit dramatic, but come on, have you ever found THE perfect Customer Relationship Manager program?!?  CRMs are great and provide lots of ways to manipulate your content, but I’ve yet to find the perfect one. We recently transitioned from a...

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Workplace Safety

I just got another alert on my phone – two people killed on a college campus and another injured.  Am I embarrassed to say that these events simply don’t register as they once did?  It wasn’t a particularly high body count, right?!?  Can you believe I’m even typing...

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Kobe, Kobe, Kobe

You cannot turn on the TV or check any of your social media feeds without reading about Kobe Bryant and his untimely, very sad, fatal helicopter accident.  The fact his daughter and others were with him makes it just that much worse.  The void this accident has...

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Is A Tenant Rep Really Necessary?

People sometimes ask us if hiring a tenant representation broker is really necessary, especially when they’ve already selected the building where they wish to lease space. They’ve already spoken to the leasing agent and even seen their ideal space.   Let me ask...

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DFW Office Market Still Rocking

Costar, a commercial real estate research and listing service, reported that the Dallas Fort Worth office market closed out 2019 with 5.2 million square feet (SF) of net absorption which is the highest since 2014 which had 6.9 million SF of net absorption. Net...

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8 Reasons to Buy a Building Instead of Leasing

Most companies lease the office and warehouse space they occupy.  There are many reasons for that:  don't want to be a landlord; don't have the down payment; want to keep the money in the business where it will earn a higher return than in a real estate investment;...

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Estoppel? Condition or gift??

Estoppel.  Sounds like a medical condition you don't want to talk about in polite company.  Or something you'd need a medicated cream to clear up.  Think of the embarrassment of checking out at the grocery store when the cashier gives you that knowing smirk. But an...

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Get Out While the Gettin’s Good

Get Out While the Gettin’s Good With over 1,000 office buildings on the market for sale today, the DFW market has reached a 5-year high in property owners trying to cash in on their holdings. This is according to Costar, a commercial real estate research firm. And...

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Office Market Vacancy Rate

Dallas Fort Worth has always been known for its low cost of living, ease of doing business and highly skilled labor pool. Its central location, great airport and low tax burden for both individuals and companies make it a very attractive place to do business. So its...

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Office Rents Rising

A rising tide lifts all boats. So the saying goes. But is it true in office building rents? Definitely. As demand for office space increases, landlords start testing the waters by increasing rents. Eventually, that demand and those rents get to a point that justify...

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WeWork – Will it Work in a Downturn?

We're updating this blog in light of a story that is currently in the news. WeWork is considering the anticipated valuation of its IPO...that it could be too high. Skepticism is rising over the business model. One of the concerns is what we pointed out here a little...

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