Recently, the Dallas Morning News wrote that office rents in the Uptown area of Dallas have passed $50/square foot, which is a new record for North Texas. Driven by corporate relocations, along with other employment gains office space is in high demand. Jones Lang LaSalle made a list of the top markets in North America for quarter-over-quarter office rent growth and Big D (at 8%) was the leader with the only other two North American markets being Montreal (at 6.3%) and San Francisco (at 5.8%). The read the entire article, please click here.
Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.