When I arrived here three-and-a-half years ago, Klyde Warren Park just opened. That was a game changer that we all recognized. Our urban core has continued to evolve as occupancy has increased in many buildings and rents are now pushing the $50 per square foot level. Our Skyline buildings comprise a variety of assets, from large skyscrapers built in the prosperous 1970s and 1980s to… Read More
When talking to newcomers in real estate I always attribute success in the industry to a combination of the following: who you know (relationships), what you know (knowledge), and how you work (availability, productivity, and efficiency). The “who you know,” unfortunately, often is not fair; get over it. Some people will come into this industry with generations of real estate DNA. It’s Dallas, and… Read More
As a quick review of our first and second installments on Dallas’ office market development, what we have concluded is that the current cycle is very different than the last two – and that is going back 20 years.
Today, our economy has vastly different drivers shaping our market. While our last cycle is instructive, it was not typical due to the much lower office construction… Read More
The question has been coming up often these days about where office development stands in this cycle. A recent D Real Estate blog post articulated this question, but came up short of an answer. From our perspective, the office construction pipeline is beginning to feel pretty frothy. In the last few week we’ve updated our under construction / soon to break ground numbers a few times a week – and that number… Read More
In anticipation of this blog, I started thinking about exactly what was “innovation”. Of course it is often a new method or idea that can revolutionize – be it a tool or a process, it is commonly applied to technology these days. Innovation is much more than that. Social innovation can transform the way we look at the world – and disruptive innovation, in its truest sense, can turn what we know… Read More
The JLL Dallas Research team delivers quarterly reports on the latest activity in the office market. Finding out vacancy rates, absorption and more can now be done in an interactive tool available to the left.
Click the graphic and navigate through the application. You can use… Read More
JLL recently released a report examining the top 50 local office markets and their development pipelines, entitled “Supply rut, or supply glut?” Reports like this can get pretty complicated as many factors are weighed to compile the final rankings. In the case of Dallas, the report concluded that the current and future supply of office space would “exceed” demand, and this would help ease market conditions, giving tenants a little more leverage… Read More
Last week Managing Directors Terry Darrow and Brad Selner were named Industrial Broker of the Year and Office Broker of the Year, respectively, by the North Texas chapter of the National Association of Office and Industrial Parks (NAIOP).
Broker of the Year nominees are submitted by Principal Members of the chapter and demonstrate consistent performance; excellent business ethics; and… Read More
Last week I presented at our new hire orientation and told a story about sending a book to a client. I got blank stares and a room full of confused faces, so I joked, “Books…it’s when a bunch of paper is bound together with a cover…you can buy them in stores.”
That’s when I realized that at 39 (not 40…yet), maybe I’m getting old. These fresh-faced 20-somethings looked a little embarrassed for me and whispers… Read More
JLL’s fourth annual High-Technology Office Outlook is a comprehensive study of one of the most innovative and dynamic industries in the United States, its impact on local economies, and the growth generated within the commercial real estate sector. This report highlights the various drivers that impact the growth and sustainability of the industry, the characteristics of 34 markets that have lent to the growth of local high-tech clusters, and the implications of this growth… Read More