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.
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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