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Recruiter RETS Associates recently opened a new office in Dallas to prepare for upcoming CRE hiring demand in that market, and Jana Turner of RETS discusses where she sees CRE hiring heading in that metro.
The Offices District has recorded considerable demand amid the COVID-19 pandemic, Chris McCluskey of VanTrust Real Estate says, and with the addition of MTX Group Inc., The Offices Two at Frisco Station is 90% leased.
From 2019 to 2020, 33.7 million square feet delivered in DFW, more than any other 12-month period, while the 1.4-million-square-foot Gateway Logistics Center was acquired by BentallGreenOak.
Companies are seeking competitive space and boost recruiting while exemplifying company culture, for example, Trinity REIS's lease signing at Proof indicates continued demand for creative office space in Fort Worth.
Renters have more reasons to leave the nation's urban cores and head to the suburbs; specifically, Dallas residents relocated to smaller nearby cities such as Richardson, Arlington, Irving and Plano.
Cold Summit Development recently launched its first project, a 343,000-square-foot multi-tenant cold storage facility, a $60 million project located at 2800 Cedardale Rd. in Dallas.
Aerospace manufacturer Bell Textron recently signed a long-term 109,187-square-foot lease for the entire four-story building at 4151 Amon Carter Blvd. that formerly housed the American Airlines Federal Credit Union.