Younan Sees Increased Demandin Dallas Submarkets

DALLAS—Younan Properties, Inc., a privately-held, national real estate investment and management company that owns office buildings in five major U.S. office markets announced it had signed 140,000 square feet of new deals and renewals in its Dallas office properties over the past 12 months. Overall leasing demand continued to improve in the Park Central and LBJ Expressway submarkets where Younan’s properties are located.

According to Zaya Younan, chairman and CEO, “The Metroplex posted 2.7 million square feet of absorption in 2012. Dallas remains one of the best metropolitan areas in the country to do business, and with 5.7% unemployment it remains one of the top corporate relocation centers in the nation. In 2012, occupancy grew throughout our Dallas portfolio, and we are posting significant gains in the first quarter of 2013. The net absorption ratio in our portfolio was slightly higher than the market net absorption ratio.”