Monthly Archives: April 2016

Dallas Business Journal Recognizes JLL at 2015 Best Real Estate Deals Awards

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By: JLL Dallas

The teams from JLL’s Dallas and Fort Worth offices were recognized for their participation in four of Dallas Business Journal‘s Best Real Estate Deals of 2015, including the top prize – Deal of the Year for Legacy West.

JLL participated on the following real estate deals which were also recognized:

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Best Data Centers Deal:
RagingWire – JLL’s Bo Bond and Ali… Read More

The New York Times: Texas Lures Data Centers, Not for Jobs but for Revenue

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By: JLL Dallas

27TEXASDATA-1-master768The New York Times met with JLL Managing Director and co-leader of Data Center Solutions team Bo Bond to discuss how data centers are having an economic impact in the market while maintaining a low-profile.

“The general public today probably doesn’t realize how they tap and touch and utilize the data center all throughout their day,”… Read More

Categories: Data Centers, Data Centers, JLL and tagged , .

Chart of the Week: Increase of Higher-Wage Jobs in Dallas Outpacing National Trends by a Wide Margin

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By: Walter Bialas

One common news story – and a criticism of our economic recovery – is that we are creating a preponderance of low-wage jobs.  Some have noted that it is easy to find work these days, but difficult to find a “good” job (aka. high paying), and that a large share of the jobs being created are in retail, health care (those are not doctors, in case you were wondering), and other service… Read More

Chart of the Week: Local Office Market Leader Board

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By: Walter Bialas

Despite a slow start to 2016, we can’t forget the great strides we’ve made in our local office market.

While Jordan lost his focus on the 12th, our local market continues to be pretty robust.  The chart below highlights the submarket leaders.

Amazing to note that Uptown’s vacancy has declined by almost 11-percentage points since the end of the recession – and that Far North Dallas, Richardson – Plano, and Las Colinas have totaled-up… Read More

Chart of the Week: While high, DFW’s industrial pipeline still reasonable

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By: Walter Bialas

Now that the first quarter industrial numbers are compiled and published, we’ve had an opportunity to take a look at how DFW is stacking up.  Overall, vacancy is still near the low point and rent pressures continue.

The one number that does jump out is our construction pipeline.  At 24 million SF, we are at the top of what we have seen historically.  We can counter the high level of construction with arguments… Read More

KERA News: Texas Data Centers Finding New Ways To Stay Cool

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By: JLL Dallas

Entrance-of-Plano-FacilityJLL Data Solutions Group Vice President Ali Greenwood sat down with KERA News’ Laura Silverman to discuss how companies are finding new ways to keep the information we upload safe and cool while the data center market continues to heat up.

“When Facebook came out years ago, you loaded pictures and put them… Read More

Categories: Data Centers, JLL and tagged , .

Chart of the Week: Annual Office Trends Show Dallas Market on Track for 2016

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By: Steve Triolet

First quarter numbers were recently officially released, which has caused a great deal of discussion in regard to net absorption, which came in much lower (approximately 165,000 sf) than many people anticipated, given the 4.8 million square of net absorption we saw in 2015.  The thing about net absorption is that it’s irregular and can swing widely from one quarter to the next, unlike vacancy or rental rates which move in more predictable… Read More

Dispelling the Millennial Home Buying Myth

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By: JLL Dallas

The popular press continually advances the generational divide between Millennials and everyone else.  Portrayed at the scale of a geological shift, making cracks into canyons, the press enjoys illustrating that Millennials’ priorities get further from the standards of prior generations.

One topic that is often discussed is that Millennials are not home buyers.  Rather, they prefer to rent in the urban core so they can be close to work, friends, and entertainment options. … Read More

Categories: JLL, Millennials, Research and tagged , .

Chart of the Week: Demand at an all-time high for Dallas’ North Tollway office market

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By: Walter Bialas

Over the last few years, our Dallas North Tollway has been hot for office sales.

Driven by high demand in the Upper Tollway and the completion of LBJ in the Lower, investors have been looking closely at this corridor to find assets.  Since 2013, almost 25 assets have traded.  While base rents were higher, these Tollway properties were on par in terms of vacancy.  Over the ensuing 2 to 3 years, however, vacancy… Read More