Dallas Northern Suburbs Take on More Office Deals than Downtown
North Texas continues to grow in the office leasing market. Dallas’ northern suburbs are to thank for such a great first quarter.
According to Dallas News, “Most of the office leases were in suburban areas, but downtown Dallas also saw more than 111,000 square feet of net leasing in the first quarter. The biggest share of office deals was in Dallas’ far northern suburbs, including West Plano and Frisco and in the Las Colinas area of Irving.”
Office vacancies in Dallas are a result of new buildings and tenant consolidations. Rents are also slowly rising, however not a drastic amount.
Dallas is a hot market for office deals, but construction is dwindling down compared to this time two years ago. Luckily the northern suburbs are helping with the numbers.
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