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Avison Young notes that the top industrial markets expected to continue to perform well into 2020 will be: California's Inland Empire, Dallas, New Jersey/New York City, Seattle, Chicago, and Miami, among others.
The Dallas market is a thriving ecosystem of diverse companies, top talent and local culture, all of which are attractive to KBS as an office owner, says Merz in this EXCLUSIVE.
Besides the two DFW multifamily properties, Easton still owns and operates two other communities in north Austin, Legends at Lake Creek and Legends Lakeline, near the proposed $1 billion Apple campus.
These types of renovations including a full shopping center digital marketing package help older centers such as Irving Towne Center maintain strong existing tenancy and attract a new generation of tenants.
Reed Smith's new space at Harwood No. 10 can accommodate up to 100 lawyers as the firm continues to pursue its growth strategy to create a full-service legal offering in the Dallas market.
Scheduled for completion in July 2021, the property is located near public transit including DART and the Las Colinas Area Personal Transit System, allowing easy access for corporate commuters in DFW.
Local brewers have followed a similar template to tested models, and as a result, provided desirable social settings in DFW, which will likely increase due to the passage of House Bill 1545.
While the co-working movement took root in the urban core of downtown, its role in DFW's office market is being cemented in the suburbs because of the vast geography of the metro.
Increasing demand fueled by the 131,800 new residents added between 2017 and 2018 is likely one of the reasons that developers are focused on building such a high number of apartments in DFW.
"We continue to make progress on deleveraging our balance sheet through asset sales," states David Blackman, president and CEO of Office Properties Income Trust.