The following article originally appeared in the Spring 2018 edition of the DFW Real Estate Review. An excerpt has been reprinted below.
The year got off to a strong start with not only many new leases from first-to-market tenants, but renewals and expansions that prove Dallas-Fort Worth is still a place where office, industrial, and retail tenants want to stay. Here are the top five largest leases—new or renewal—so far in 2018. Data was provided by individual firms.
ON-THE-GROUND INSIGHTS
OFFICE:
Lauren Napper, Senior Director, Cushman & Wakefield
“Office rents are at historic highs in select submarkets—Uptown, Legacy/Frisco, and Preston Center—for different reasons. All three offer highly sought-after walkability. Uptown provides access to the all-important millennial workforce, rooftops in Legacy are more affordable, and Preston Center is near decision-maker homes.”
Jordan Wade, Associate, Tenant Advisory Services, Transwestern
“[Tenants are looking for] a work environment that looks, feels and reflects ‘success’ and will enhance the brand—also marrying with a long list of walkable amenities. Ten years from now, all tenants want to pass the ‘W.I’. test: ‘What Idiot approved this?’”
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