February 11th, 2022
Notable Office Market Insights
- Ongoing recovery is the main theme, continuing the trend seen in most office markets throughout 2021.
- Positive absorption indicators.
- Slight increase in rental rates.
- Marked differences in occupancy levels, vacancy rates and general performance from city to city.
- Remote working practices are still commonplace in key markets, such as San Francisco.
- 142 million square feet of office space currently under construction.
Lease Rates & Asking Rents
Recent data from Commercial Edge outlines a nationwide rental listing rate average of $38sq/ft in January 2022. These figures may be seen as somewhat inflated due to the number of high quality spaces currently listed due to being vacant, with Class A workspaces being listed at much higher prices.
According to Avison Young, Q4 average rental prices per square foot in gateway markets were as follows:
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February 11th, 2021
With a market size of nearly $900bn, the United States has one of the world’s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the US market’s performance based on data from Q4 2020 and Q1 2021.
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January 5th, 2015
The city of Dallas has become renowned for its plentiful job opportunities, low tax rates and affordable housing. Young college graduates and established professionals alike find the idea of working in this bustling city an excellent choice.
Several major industries have helped make Dallas a powerful business city in the U.S. and in recent years, Houston and Dallas have attracted thousands of new residents. Some of the key industries in the city include information services, goods manufacturing, telecommunications, media, logistics and food manufacturing.
Over 80,000 companies have made their home in Dallas, and many Fortune 500 companies have also chosen to place their main headquarters in Dallas. High-tech start-ups are growing increasingly attracted to Dallas due to it’s favorable tax laws and low rental rates.
Major Industries & Key Economic Drivers in Dallas
Other industries that make up the economic base of Dallas include finance, aviation and international trade. In downtown Dallas, you can find the offices of several major finance firms. Dallas is an excellent place for young professionals to seek opportunities in investment banking or law, with several large law firms having offices located in the high-rise buildings in downtown Dallas. Over 342,000 Dallas residents are currently employed in the professional and business services field.
The state of Texas is home to fifty two Fortune 500 corporate headquarters, with Dallas itself boasting an impressive seven Fortune 500 company headquarters including AT&T, Energy Transfer Equity, HollyFrontier, Southwest Airlines and Texas Instruments. Read the rest of this entry »
May 30th, 2012
Whatever variety of corporate entertainment an organization desires is available in Dallas, TX’s. An elegant evening meal and dance to present awards and recognition or a fun and entertaining team building venue can be booked any time of year for visiting VIPs or local firms.
One of Dallas’s newest event centers for both corporate and social occasions is Ashton Gardens. Their event specialists assist with theme suggestions, meal planning, audio/visual needs, and set-up for the venue. The experience their people provide keeps the event moving smoothly, impressing all in attendance with the excellent food, the quality technology available and always first-class service.
Ashton Gardens culinary team prides itself in preparation of original recipes consisting of the highest quality, fresh ingredients. Then their service staff takes over with 5-star pampering for every guest and anticipating their every need ensuring the event’s success. They have all-inclusive pricing packages that eliminate surprises for the corporate budget. Read the rest of this entry »