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Colliers: DFW Slows to More Normal Pace

DALLAS-Colliers International's Dallas president says it's easy to lose perspective as to what's happening in the Dallas-Ft. Worth market. Pricey giveaways are here as a counterattack to the slowdown. Still, it's not really as bad as it feels, he says.

By Connie Gore | Updated on August 24, 2001

DALLAS-The give-away days have hit Dallas-Ft. Worth, with everything from Porsches to skiing in Colorado or sunny Mexico beach vacations being dangled in front of brokers to get a signed contract.

Building owners, John Aldrich, president of Colliers International’s Dallas office, tells GlobeSt.com, “will do anything to get people to look at their space before they drop their rates.” But, alas, the rates will be dropping because the sweet ride is over and it will take a year to 15 months before the market bounces back, he predicts.

Red flags might be going up the pole, but it’s not going to be a repeat of the late 1980s and early 1990s even though the region is starting to hit numbers of the same proportion, he insists. Gen Ys are flinching, but veterans like Aldrich say they are positioned for a slowdown. “We are a lot more prepared for this than we were the last time,” he says. “For people who’ve been around for more than 10 years, no one is surprised.”

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