DALLAS–At the mid-way point in 2014, GlobeSt.com caught up with NAI Robert Lynn's President, Mark Miller, to get his take on the current Dallas market, the trends he is tracking and what's ahead for the industry.
GlobeSt.com: How would you sum up the current state of the Dallas market?
Miller: The Dallas market is currently very competitive as a result of low vacancy rates and increased demand. Multiple tenants are looking at the same spaces, and many of our clients have competition on deals. There has been increased activity on the industrial side, but we have not seen as many large deals 400,000 square feet or more. We are also seeing significant construction, which should alleviate competition in the future. Some of the hot markets for construction include the Legacy office market and on the industrial side – DFW Airport and the South Dallas markets.
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