ADDISON, TX-CBRE has brokered a lease renewal for Concentra, a subsidiary of Humana Inc., in Dallas suburb of Addison. The company has occupied the 115,000-square-foot space at Spectrum Center (5080 Spectrum Drive) for 15 years.
“The Far North Dallas submarket rental rates are rising quickly, while vacancy is diminishing,” said John Woolsey, SVP at CBRE. “As other large blocks of space in the market were being leased, Concentra felt it was necessary to lock in their terms before rents rose any further.”
According to CBRE's third quarter MarketView, vacancy is 14.5% in the Far North Dallas submarket and 18.2% in Dallas/Fort Worth.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
