DFW OFFICE Submarket Coverage
DFW OFFICE Market Experts
mcarthey@holtlunsford.com
817.710.1111
Vice President Fort Worth dcason@holtlunsford.com
817.810.9137
jarmes@holtlunsford.com 972.381.3210
Fort Worth jneal@holtlunsford.com 817.710.1112
csells@holtlunsford.com 817.632.6153
hhedrick@holtlunsford.com 972.421.1973
glevy@holtlunsford.com 972.585.5110
MATT CARTHEY JOHN DICKENSON CHASE STONE TYLER HOWARTH
BRIAN WILSON
DAVID CASON JAKE NEAL
VIC MEYER PAUL HERNANDEZ
HUNTER HEDRICK
JOHN ARMES
TOM LAND CARTER SELLS HAYDEN PARKER
GARRETT LEVY
DFW OFFICE Trends & Transactions
HLC OUTLOOK
Despite facing subdued demand, The Dallas-Fort Worth (DFW) office market demonstrated notable resilience in Q2 2024. The market experienced a net absorption of negative 188,436 square feet, contributing to a slight increase in the vacancy rate to 21.6% — up by 20 basis points from the previous quarter. Despite this slight increase in the vacancy rate, rents are expected to face downward pressure in the coming quarters, signaling the continued stabilization of office assets in the market.
Leasing activity showed consistency with previous periods, totaling 2,679,042 square feet— marking a minor 3.8% decrease QoQ. Despite this dip, rental rates remained relatively stable, with an average gross rate of $31.66 per square foot—a 0.4% QoQ decrease but a 0.7% YoY increase. This stability suggests tenants are willing to pay a premium for quality spaces, though often in reduced footprints and shorter lease terms as they reassess their spatial needs.
Key Transactions and Trends
Leasing activity was primarily driven by firms in the finance and legal sectors this quarter. Noteworthy transactions include:
• Santander Consumer: Renewed 211,087 square feet at 1601 Elm Street in the CBD.
• Polsinelli PC: Secured approximately 41,000 square feet at Old Parkland in Uptown/Turtle Creek, a development expected to be completed by year-end.
Smaller tenants (those typically seeking spaces between 5,000 and 25,000 square feet) remain active, focusing on prime locations in leading submarkets. Meanwhile, larger tenants are adopting a cautious stance, holding off on significant moves until the cost of capital decreases. Notably, HLC is tracking a higher number of large tenants (20,000 square feet or more) than in the past 18 months.
The “Flight to Quality” trend remains strong, with demand concentrated in Class A office buildings. Tenants are prioritizing well-located, modern or renovated spaces with desirable amenities — even as they seek rent relief. HLC anticipates continued demand for Class A properties and growing interest in Class A- and B+ assets throughout the remainder of the year.
Construction and Development
In contrast to national trends, the DFW market continues to see active construction, particularly in submarkets such as Las Colinas, Uptown/Turtle Creek and Upper Tollway. High-profile office development projects include:
• Goldman Sachs HQ2: A 710,000-square-foot development at 2323 N Field Street.
• 23Springs: Granite’s 626,000-square-foot development at 2323 Cedar Springs Road.
• Old Parkland: Crow Holdings’ 187,000-square-foot development at 4010 Maple Avenue.
Recent deliveries include:
• The Quad: Stream’s 345,425 square feet in Uptown/Turtle Creek.
• Southstone Yards: Trammel Crow Companie’s 241,443 square feet in Far North Dallas.
A significant trend seen this quarter has been the availability of top-tier office properties at substantial discounts due to distress sales, driven by lending market disruptions and shifting demand dynamics. For example, One Legacy Circle (a Class A office property) sold for $48 million — a 10.4% discount from its previous trade in 2011. Investors such as Lone Star Capital are poised to acquire these distressed assets, with $5.3 billion in capital ready for deployment.
Conclusion
Though ongoing challenges remain, including slowing demand, rent adjustments and a tight credit environment, HLC remains optimistic about the future of the DFW office market. The region’s population growth (132,790 new residents in the past 12 months,) combined with a 3.5% unemployment rate, supports a positive outlook for leasing activity and investor interest. HLC is readily equipped to assist clients and partners navigating the current market conditions.
We appreciate your continued trust and look forward to future opportunities.
SOURCE: COSTAR GROUP (DATA AS OF 7/16/2024), ESRI
DALLAS CBD
(267,601)
Net Absorption
$32.60
Average Gross Rate PSF 28.2% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• Santander Consumer USA signed a 211K SF lease at Santander Tower, located at 1601 Elm Street in Dallas.
DEALS IN THE MARKET
• JLL is marketing for sale a condominium interest in One Main Place, the 36% leased, 652,560 SF office building in the heart of Downtown Dallas.
LARGE EXISTING VACANCIES
• Fountain Place | 1445 Ross Avenue –589,268 SF
• The Sinclair | 401 N Ervay Street –429,600 SF
• Bank of America Plaza | 901 Main Street – 286,957 SF
• 1700 Pacific | 1700 Pacific Avenue –262,709 SF
• Dallas Arts Tower | 2200 Ross Avenue –193,203 SF
• Harwood Center | 1999 Bryan Street –180,855 SF
• Comerica Bank Tower | 1717 Main Street – 148,025 SF
• East Quarter | 300 S Pearl Expressway – 137,157 SF
The Sinclair
CENTRAL EXPRESSWAY
(63,531)
Net Absorption
$34.70
Average Gross Rate PSF
21.5% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• Americas Credit Union signed a 1.5K lease at 4040 NCX, located at 4040 N Central Expressway in Dallas.
• Dallas Therapy Collective signed a 5.9K SF lease at One Glen Lakes, located at 8140 Walnut Hill in Dallas.
DEALS IN THE MARKET
• The Tower at Park Lane (8750 North Central Expressway) is being marketed for sale by CBRE. CBRE Global Investors owns the 509,818 SF office building which is 71.6% leased.
LARGE EXISTING VACANCIES
• Cityplace Tower | 2711 N Haskell Avenue – 422,898 SF
• 8080 NCX | 8080 N Central Expressway – 125,505 SF
• 8750 NorthPark Central | 8750 N Central Expressway – 98,085 SF
• Energy Square 3 | 6688 N Central Expressway – 50,661 SF
• Walnut Glen Tower | 8144 Walnut Hill Lane – 50,467 SF
• 10000 NCX | 10000 N Central Expressway – 42,905 SF
• The Pyramids at Park Lane North Tower | 9201 N Central Expressway –37,805 SF
8080 NCX
UPPER TOLLWAY
(85,199)
Net Absorption
$37.52
Average Gross Rate PSF 21.3% Vacancy
2,391,339 U/C SF
139,947 Delivered
TOP LEASE TRANSACTIONS
• Lockton Dunning signed a 13.2K SF lease at Legacy Town Center II, located at 6900 Dallas Parkway in Plano.
• World Wide Technology signed a 4.4K SF lease at Legacy West, located at 7600 Windrose Avenue in Plano.
• Quiddity Engineering signed a 18.2K SF lease at Parkway Centre II, located at 2805 Dallas Parkway located in Plano.
• Crain & Wooley signed a 6.7K SF lease at Parkway Centre II, located at 2805 Dallas Parkway in Plano.
• Tetra Tech signed a 3.3K SF lease at Lincoln Legacy II, located at 5810 Tennyson Parkway in Plano.
• Insurance Protection Advisors, LLC signed a 2.6K SF lease at Parkway Centre I, located at 2901 Dallas Parkway in Plano.
• World Wide Tech signed a 4.4K SF lease at Legacy West, located at 7600 Windrose in Plano.
DEALS IN THE MARKET
• The Campus at Legacy is being marketed for sale by JLL. Spear Street and Partners Group own the twobuilding, 742,058 SF office park located in the heart of Legacy.
• International Business Park 8, 9, & 10 are being marketed for sale by Newmark. Billingsley owns the 304,099 SF office buildings which are 79% leased.
NOTABLE NEW DEVELOPMENTS
• The Star | TIAA – a 500K SF class A office building
• The Tower at Hall Park – a 386K SF class A office building
• 3960 Dallas Parkway – a 252,600 SF class A office building
• Ryan Tower – a 409K SF class A office building
• Auspire at The Gate – a 200,000 SF class A office building
• 7300 PGA Parkway – a 140,000 SF class B office building
LARGE EXISTING VACANCIES
• 5400 Legacy | 5400 Legacy Drive –1,587,458 SF
• The Park at Legacy | 6501 Legacy Drive – 1,071,353 SF
• The Campus at Legacy | 5320 Legacy Drive – 500,865 SF
• 6100 Legacy | 6100 Legacy Drive –328,887 SF
• AmerisourceBergen | 5025 Plano Parkway – 300,000 SF
• Granite Park Six | 5525 Granite Parkway – 291,519 SF
• 5600 Headquarters | 5600 Headquarters Drive – 251,478 SF
• 6400 Legacy | 6400 Legacy Drive –227,577 SF
Lincoln Legacy Two
LOWER TOLLWAY
(208,069)
Net Absorption
$29.28
Average Gross Rate PSF 23.2% Vacancy N/A U/C SF
40,000 Delivered
TOP LEASE TRANSACTIONS
• Ceco signed a 24K SF lease at Spectrum Center, located at 5080 Spectrum Drive in Addison.
• Aires renewed its 2.8K SF lease at Tollway Towers South, located at 15660 N Dallas Parkway in Dallas.
• Solomon Insights signed a 12.5K SF lease at International Plaza II, located at 14241 Dallas Parkway in Dallas.
• Blue Sky Bank signed a 10.1K SF lease at the Colonnade II, located at 15303 Dallas Parkway in Addison.
• TrustBridge Wealth Management, LLC signed a 1.4K SF lease at Tollway Towers South, located at 15660 N Dallas Parkway in Dallas.
• Abilene Christian University, LLC signed a 25.4K SF lease at One Hanover Park, located at 16633 Dallas Parkway in Addison.
• Korn Ferry signed a 3.7K SF lease at Tollway Towers North, located at 15770 N Dallas Parkway in Dallas.
DEALS IN THE MARKET
• Interchange Office Center is currently being marketed for sale by Newmark. Brookwood owns the 152,219 SF office building which is 82% leased and is offering seller financing to qualified buyers.
• Galleria North Tower I is being marketed for sale by Newmark. DWS/RREEF owns the 386,074 SF office building which is 59% leased.
• International Plaza II is being marketed for sale by JLL. Taconic owns the 360,000 SF office building which is 94% leased with an 11-year WALT.
• 5000 and 5050 Quorum is being marketed for sale by Newmark. DRA Advisors own the 299,805 SF office buildings which are 84.0% leased.
• 15505 Wright Brothers Drive is being marketed for sale to users by CBRE. Wingstop owns and fully occupies the 78,569 SF office building which sits on 4.3 acres. The offering also includes the adjacent 0.78 acre parcel. This is being marketed as a fully furnished owneruser opportunity.
• Parkway Office Center’s loan is being marketed for sale by JLL. The current loan balance is approximately $21.0M and pricing is expected to be ~50-60% of the loan balance. This has been awarded to a local operator at slightly below guidance.
LARGE EXISTING VACANCIES
• 2395 Midway Buildings A-D | 2395 Midway Road – 279,089 SF
• Colonnade III | 15305 N Dallas Parkway – 129,327 SF
• One Hanover | 16633 N Dallas Parkway – 100,732 SF
• Galleria North Tower I | 13737 Noel Road – 96,806 SF
• Spectrum Center | 5080 Spectrum Drive – 93,183 SF
• Wright Brothers Corporate Center | 15505 Wright Brothers Drive – 78,569 SF
• Stanford Corporate Centre | 14001 N Dallas Parkway – 67,740 SF
• Addison Circle One | 15601 Dallas Parkway – 61,826 SF
• The Addison | 14951 N Dallas Parkway – 59,178 SF
• Sojourn Office Center | 4450 Sojourn Drive – 56,900 SF
• Greenhill Towers | 14131 Midway –54,266 SF
Tollway Towers
LAS COLINAS
(427,860)
Net Absorption
$28.66
Average Gross Rate PSF 23.9% Vacancy
906,269 U/C SF N/A Delivered
VITAL STATS YTD STATS
LAS COLINAS
Cottonwood Office Center
TOP LEASE TRANSACTIONS
• Big 12 Conference signed a 14K SF lease at Williams Square, located at 5205 N O’Connor Boulevard in Irving.
• Martin, Disiere, Jefferson & Wisdom, LLP signed a 17.5K SF expansion at Cypress Waters, located at 9111 Cypress Waters Boulevard in Coppell.
• Martin, Disiere, Jefferson & Wisdom, LLP signed a 17.5K SF expansion at Cypress Waters, located at 9111 Cypress Waters Boulevard in Coppell.
• PHRG signed a 22.6K SF lease at 3660 Regent, located at 3660 Regent Boulevard in Irving.
• PHRG signed a 22.6K SF lease at 3660 Regent, located at 3660 Regent Boulevard in Irving.
• Salad & Go signed a 31.2K SF lease at Cypress Waters, located at 8840 Cypress Waters Boulevard in Coppell.
DEALS IN THE MARKET
• 10030 N MacArthur Boulevard is being marketed for sale by Newmark. Diversified Healthcare Trust owns the 94,137 SF building which is currently 0.0% leased. Awarded to a user/buyer.
NOTABLE NEW DEVELOPMENTS
• Wells Fargo | Building 1 – a 400K SF class A office building.
• Wells Fargo | Building 2 – a 400K SF class A office building.
• State Bank of Texas – a 52K SF class A office building.
LARGE EXISTING VACANCIES
• The Reserve | 5959 Las Colinas Boulevard – 379,014 SF
• 6000 Connection | 6000 Connection Drive – 287,581 SF
• The Apex at Las Colinas Crossing | Building A | 6535 N State Highway 161 –271,778 SF
• 8900 Freeport | 8900 Freeport Parkway – 268,446 SF
• One MacArthur Ridge | 919 Hidden Ridge Drive – 249,838 SF
• Regent Commons | 4050 Regent Boulevard – 214,985 SF
• Cypress Waters Office Park | 8950 Cypress Waters Boulevard – 175,584 SF
• Las Colinas Office Center | 6655 N Macarthur Boulevard – 172,230 SF
• Browning Place III | 1605 Lyndon B Johnson Freeway – 170,848 SF
• Intellicenter Regent Center | 3701 Regent Boulevard – 155,356 SF
• 3300 Olympus | 3300 Olympus Boulevard – 150,000 SF
• Las Colinas Connection | 6031 Connection Drive – 138,850 SF
• MacArthur Ridge II | 909 Hidden Ridge Drive – 132,735 SF
• 3929 WJC | 3929 W John Carpenter Freeway – 125,421 SF
LBJ FREEWAY
51,037
Net Absorption
$26.55
Average Gross Rate PSF 24.0% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• Stateside Right of Way Services signed a 2.8K SF lease at Element Towers West, located at 3010 LBJ in Dallas.
• Imagine Solutions, LLC signed a 12.9K SF lease at Element Towers West, located at 3010 Lyndon B. Johnson Freeway in Dallas
• Singer Equities, Inc. signed a 15.2K SF lease at Cottonwood Office Center, located at 2110 W Walnut Hill in Irving.
• Singer Equities, Inc. signed a 15.2K SF lease at Cottonwood Office Center, located at 2110 W Walnut Hill in Irving.
DEALS IN THE MARKET
• Churchill Towers hit the market on February 12th and is currently being marketed for sale by JLL. ANICO owns the 277,187 SF office building which is currently 67.3% leased.
LARGE EXISTING VACANCIES
• Park Central 8 | 12770 Merit Drive –145,024 SF
• Three Galleria Tower | 13155 Noel Road – 92,977 SF
• The Hightower Medical Plaza | 8390 Lyndon B Johnson Freeway – 66,381 SF
• Hillcrest Oaks Plaza | 6606 Lyndon B Johnson Freeway – 50,327 SF
• Two Lincoln Centre | 5420 Lyndon B Johnson Freeway – 48,971 SF
• The Lofts at Lincoln Centre | 5440 Lyndon B Johnson – 47,236 SF
• One Galleria Tower | 13355 Noel Road –43,317 SF
• Coit Central Tower | 12001 N Central Expressway – 41,684 SF
Granite Tower
PRESTON CENTER
(5,868)
Net Absorption
$45.90
Average Gross Rate PSF 7.2% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• Guaranteed Rate Mortgage signed a 2K SF lease at 3100 Monticello in Dallas.
• Appreciation Homes Management signed a 7.9K SF lease at The Berkshire located at 5950 Berkshire Lane in Dallas.
• UMB Bank, National Association signed a 8.3K SF lease at The Berkshire, located at 5950 Berkshire Lane in Dallas.
LARGE EXISTING VACANCIES
• 5950 Sherry | 5950 Sherry Lane –27,948 SF
• 8111 Douglas | 8111 Douglas Avenue –27,590 SF
• The Terraces at Douglas Center | 5960 Berkshire Lane – 24,873 SF
• 8343 Douglas at Douglas Center | 8343 Douglas Avenue – 21,752 SF
• Sterling Plaza | 5949 Sherry Lane –20,644 SF
RICHARDSON/PLANO
121,761 Net Absorption
$24.69
Average Gross Rate PSF 17.7% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• HH Architects signed a 16.3K SF lease at The Tower Lakeside Campus, located at 2221 Lakeside Boulevard in Richardson.
• Medical Practice Solutions signed a 12.2K SF lease at 1125 E Campbell Road in Richardson.
DEALS IN THE MARKET
• Lakeside Campus is currently in receivership and being marketed for sale by Newmark. GEM owns the 807,354 SF office building which is currently 69.1% leased.
LARGE EXISTING VACANCIES
• Lookout Park I | 1301 E Lookout Drive –262,546 SF
• Galatyn Commons C | 2380 Performance Drive – 207,487 SF
• Lakeside Tower | 2350 Lakeside Boulevard – 202,204 SF
• 2400 Glenville | 2400 N Glenville Drive –192,512 SF
• Assembly Park | 1717 E Spring Creek Parkway – 166,708 SF
• 2200 George Bush | 2200 E President George Bush Highway – 176,831 SF
• Waterview 190 | 17787 Waterview Parkway – 142,954 SF
• Galatyn Commons D | 1011 Galatyn Parkway – 133,184 SF
Custer Court
ALLEN / MCKINNEY
18,478 Net Absorption
$32.02
Average Gross Rate PSF 16.3% Vacancy
834,480 U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• White Hawk Engineering signed a 5.4K SF lease at Allen Place I, located at 450 Century Parkway in Allen.
• MedQ, Inc. signed a 2.1K SF lease at Atrium at McDermott, located at 1333 W McDermott Drive in Allen.
NOTABLE NEW DEVELOPMENTS
• FarmWorks One (The Farm) – a 100K SF class A office building.
LARGE EXISTING VACANCIES
• District 121 - West | 7300 SH 121 SB –71,429 SF
• One Watters Creek | 1050 N Central Expressway – 52,648 SF
• 195 Murray Farm Road – 49,819 SF
• McKinney Corporate Center I | 6800 Weiskopf Avenue – 44,869 SF
• McKinney Corporate Center | 6500 Meyer Way – 29,196 SF
• One Bethany West | 950 W Bethany Drive – 25,735 SF
• One Allen Center | 700 Central Expressway S – 23,887 SF
• 380 Medical Center | 6601 W University Dr – 23,293 SF
• 1700 N Redbud Boulevard – 22,281 SF
• Allen Place I | 450 Century Parkway –17,000 SF
Summit Park
STEMMONS
(41,436)
Net Absorption
$31.29
Average Gross Rate PSF 13.7% Vacancy
66,504 U/C SF N/A Delivered
VITAL STATS YTD STATS STEMMONS
TOP LEASE TRANSACTIONS
• Fortrea signed a 58.8K SF lease at Mockingbird Towers, located at 1341 W Mockingbird Lane in Dallas.
LARGE EXISTING VACANCIES
• River Edge | 155 Riveredge Drive –146,955 SF
• Thirteen Thirty Three | 1333 Oak Lawn Avenue – 122,740 SF
• The Infomart | 1950 N Stemmons Freeway – 51,934 SF
• Trinity Towers | 2777 N Stemmons Freeway – 41,046 SF
• 1430 Empire | 1430 Empire Central Drive – 40,000 SF
1333 Oak Lawn
UPTOWN / TURTLE CREEK
423,261 Net Absorption
$51.68
Average Gross Rate PSF 24.8% Vacancy
2,215,341 U/C SF
345,425 Delivered
TOP LEASE TRANSACTIONS
• Wingstop signed a 112K SF lease at One West Village, located at 2801 N Central Expy in Dallas.
DEALS IN THE MARKET
• 3400 Carlisle is being marketed for sale by Newmark. Hall Capital owns the 76,381 SF office building which is 80% leased. Great covered land play.
NOTABLE NEW DEVELOPMENTS
• Old Parkland | East – a 285K SF class A office building.
• 23Springs – a 625K SF Class A office building.
• Bank of America Tower at Parkside –a 500K SF class A office building.
• Goldman Sachs Campus – a 800K SF class A office building.
LARGE EXISTING VACANCIES
• Victory Commons One | 2601 Victory Avenue – 200,467 SF
• The Quad | 2699 Howell – 198,199 SF
• One Victory Park | 2323 Victory Avenue – 161,965 SF
• One West Village | 2801 N Central Expressway – 120,613 SF
• Maple Terrace | 3001 Maple Avenue –114,812 SF
• 2501 Cedar Springs Road – 112,143 SF
• Harwood No. 14 | 2801 N Harwood Street – 69,728 SF
• 17Seventeen McKinney | 1717 McKinney Avenue – 53,748 SF
• Victory Plaza | 3090 Nowitzki Way –52,232 SF
Katy Trail Place
NORTH FORT WORTH / ALLIANCE
YTD STATS
33,531 Net Absorption
$28.00
Average Gross Rate PSF 13.7% Vacancy
180,254 U/C SF
NORTH FORT WORTH /ALLIANCE
30,000 Delivered
VITAL STATS
TOP LEASE TRANSACTIONS
• Su Vida Health Care signed a 10,100 SF lease at 2721-2725 Ellis Avenue, Fort Worth
• An undisclosed tenant signed a 6,000 SF lease at 3418 North Tarrant Parkway, Fort Worth
• An undisclosed tenant signed a 4,000 SF lease at 2535 NE 28th Street, Fort Worth
DEALS IN THE MARKET
• 2301 Eagle Parkway is being marketed for sale by David & Bogel Real Estate. Cogency Global owns the 73,747 SF class B office building that is currently at 90.3% leased.
• 8101 Boat Club Road is being marketed for sale by Colonial Commercial Real Estate, LLC. William Galle owns the 24,990 SF class B office building currently at 92% leased.
NOTABLE NEW DEVELOPMENTS
• I-35 & Highway 287 – a 75K SF class A office building
• 601 E Exchange Avenue – a 57,254 SF class B office building
• Alta Vista Road & N Beach Street – a 48K SF class A medical office building
• 12652 Timberland Boulevard – a 13,015 SF class A medical office building
• 13650 Heritage Parkway –
class A vacancy
• 14600 Heritage Parkway –
class B vacancy
• 14601 North Freeway – 149,160 SF class B vacancy
• 4600 Alliance Gateway Freeway – 140K SF class B vacancy
• 14501 North Freeway – 124,580 SF class B vacancy
• 9900 Hillwood Parkway – 107,744 SF class A vacancy
The Livestock Exchange Building
ARLINGTON / MANSFIELD
(115,274)
Net Absorption
$23.51
Average Gross Rate PSF 18.3% Vacancy
33,190 U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• An undisclosed tenant signed a lease for 17,555 SF at 2301 E Lamar Boulevard, Arlington
• Great American Media signed a lease for 5,397 SF at 2301 E Lamar Boulevard, Arlington
• H&R Block signed a lease for 4,874 SF at 2101-2115 E Division Street, Arlington
DEALS IN THE MARKET
• 808 W Interstate Highway 20 is being marketed for sale by SVN | Trinity Advisors. David Cline owns the 27,581 SF class B office building that is currently 64.1% leased.
• 2005 NE Green Oaks Boulevard is being marketed for sale by Champions DFW Commercial Realty. Holland & Knight owns the 19,431 SF class B office building that is currently 100% leased.
• 614 Six Flags Drive is being marketed for sale by NAI Robert Lynn. Integrity General Contractors owns the 14,312 SF class B office building.
• 2001 NE Green Oaks Boulevard is being marketed for sale by Champions DFW Commercial Realty. RAB Properties owns the 12,006 SF class B office building that is currently 100% leased.
LARGE EXISTING VACANCIES
• 1401 Nolan Ryan Express | Ballpark Circle – a 131,337 SF class B vacancy
• 5000 S Bowen Road | The Atos Data Center – a 87,284 SF class B vacancy
• 1351 E Bardin Road | Bardin Pointe – a 46,288 SF class B vacancy
• 1250 E Copeland Road | Copeland Tower – a 43,674 SF class A vacancy
• 500 E Border Street – a 42,688 SF class A vacancy
700 Highlander
HEB / MID-CITIES
(87,137)
Net Absorption
$21.09
Average Gross Rate PSF 12.6% Vacancy N/A U/C SF N/A Delivered
Corporate Centre at the Crossing
TOP LEASE TRANSACTIONS
• An undisclosed tenant signed a lease for 6,183 SF at 9001-9003 Airport Freeway, North Richland Hills
• An undisclosed tenant signed a lease for 5,800 SF at 3001 Airport Freeway, Bedford
• An undisclosed tenant signed a lease for 4,663 SF at 860 W Airport Freeway, Hurst
DEALS IN THE MARKET
• 720-722 W Euless Boulevard is being marketed for sale by LanCart Commercial Real Estate. Amelia Tomassi owns the 15,420 SF class B office building.
• 1237 Southridge Court is being marketed for sale by SVN | Trinity Advisors. Mohammed Haque owns the 13,111 SF class B office building that is currently 43.4% leased.
• 120 Wanda Way is being marketed for sale by Vision Commercial. Mohammed Bhola owns the 11,400 SF class C office building that is currently 47.4% leased.
• 2247 Central Drive is being marketed for sale by NAI Robert Lynn. Morshed Amir & Haleh own the 8,397 SF class B office building that is currently 64.3% leased.
NOTABLE NEW DEVELOPMENTS
• 8376 Davis Boulevard – a 10,000 SF class B office building
• 6440 Davis Boulevard – a 8,000 SF class B office building
LARGE EXISTING VACANCIES
• 5201 Rufe Snow Drive – 200,084 SF class B vacancy
• 8555 Airport Freeway – 87,235 SF class B vacancy
• 9151 Grapevine Highway – 58,863 SF B vacancy
• 2200 Highway 121 – 58,696 SF class B vacancy
• 1900 L Don Dodson Drive – 39,519 SF class B vacancy
WESTLAKE / GRAPEVINE
112,364 Net Absorption $33.10
Average Gross Rate PSF 16.5% Vacancy
50,000 U/C SF N/A Delivered
Cedar Ridge Office Park
TOP LEASE TRANSACTIONS
• HLC Deal: Cotton Patch Café signed a 5.5K SF lease at Cedar Ridge, located at 950 E State Highway 114 in Southlake.
• Triumph Physical Therapy & Wellness signed a 4,586 SF lease at 240 N Rufe Snow Drive in Keller
• An undisclosed tenant has signed a 4,510 SF lease at 1209 S White Chapel Road in Southlake
• An undisclosed tenant has signed a 4,300 SF lease at 85 Village Lane in Colleyville
DEALS IN THE MARKET
• 280 Commerce Street is being marketed for sale by SVN | Trinity Advisors. Abercrombie Holdings LLC owns the 93,754 SF class B office building that is currently 93.1% leased.
• 3400 William D. Tate Avenue is being marketed for sale by Avison Young. Benny Hinn Ministries owns the 56,520 SF class B office building that is currently 27.9% leased.
• 6500 Colleyville Boulevard is being marketed for sale by Vision Commercial. GCD Land Holdings LLC owns the 42,192 SF class B office building that is currently 23% leased.
• 3500 William D. Tate Avenue is being marketed for sale by Vision Commercial. Bruce Wishard owns the 38,709 SF class B office building that is currently 62.1% leased.
• 445 S Kimball Avenue is being marketed for sale by Pillar Commercial, LLC. Pillar Commercial, LLC owns the 27,695 SF class B office building that is currently 86.3% leased.
NOTABLE NEW DEVELOPMENTS
• 600 W State Highway 114 – a 50,000 SF class B office building
• 64 Tarragona Drive – a 21,419 SF class B office building
• 395 S Kimball Avenue – a 13,070 SF class B office building
• 880 Village Center Drive – a 8,050 SF class B office building
• 110 River Oaks Drive – a 6,282 SF class B office building
LARGE EXISTING VACANCIES
• 1500 Solana Boulevard – a 1,282,646 SF class A vacancy
• 1900 W Kirkwood Boulevard – a 117,504 SF class A vacancy
• 3120 Sabre Drive – a 98,135 SF class A vacancy
• 950 E State Highway 114 – a 52,265 SF class B vacancy
• 3400 William D. Tate Avenue – a 40,738 SF class B vacancy
FORT WORTH CBD
51,146
Net Absorption
$33.74
Average Gross Rate PSF 11.6% Vacancy N/A U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• An undisclosed tenant has signed a lease for 15,836 SF at 640 Taylor Street, Fort WorthAn undisclosed tenant has signed a lease for 11,278 SF at 306 W 7th Street, Fort Worth
• Flower Mound Plastic Surgery Center has signed a lease for 3,314 SF at 500 Main Street, Fort Worth
DEALS IN THE MARKET
• 307 W 7th Street is being marketed for sale by Bluelofts Inc. Legacy Bank & Trust own the 283,618 SF class B office building.
• 210 E 7th Street is being marketed for sale by Jim Finley Properties. Jim Finley Properties own the 82,226 SF class B office building.
• 512 W 4th Street is being marketed for sale by Lancarte Commercial Real Estate. The YMCA owns the 31,537 SF class B office building.
• 1100 Macon Street is being marketed for sale by Sentry CRE. Manuel & Teresa Diaz own the 30,699 SF class C office building.
LARGE EXISTING VACANCIES
• 210 E 7th Street | Binyon-O’Keefe Building – a 82,226 SF class B vacancy
• 301 Commerce Street | Bank of America Tower – a 62,660 SF class A vacancy
• 801 Cherry Street | Burnett Plaza – a 54,421 SF class A vacancy
• 777 Main Street | 777 Main – a 47,862 SF class A vacancy
• 307 W 7th Street | The Star-Telegram Building - a 39,279 SF class B vacancy
Tindall Square
WEST SOUTHWEST FORT WORTH
(103,882)
Net Absorption
$29.54
Average Gross Rate PSF 10.5% Vacancy
100,000 U/C SF N/A Delivered
TOP LEASE TRANSACTIONS
• An undisclosed tenant signed a lease for 22,037 SF at 6000 Western Place, Fort Worth,
• The Sadler Group signed a lease for 3,583 SF at 4055 International Plaza, Fort Worth
• CubHub signed a lease for 1,156 SF at 2625 Whitmore Street, Fort Worth
DEALS IN THE MARKET
• 4717 Fletcher Avenue is being marketed for sale by Colonial Commercial Real Estate. HK Venture owns the 53,564 SF class B office building.
• 2821 Lackland Road is being marketed for sale by Younger Partners Dallas. Aberfeldy Properties Inc. owns the 51,098 SF class C office building.
• 108 South Freeway is being marketed for sale by Altschuler and Company. M2G Ventures owns the 41,427 SF class B office building.
NOTABLE NEW DEVELOPMENTS
• 1115 Pennsylvania Avenue – a 17,910 SF class B office building
• 6101 Southwest Boulevard – a 15,000 SF class B office building
• 7040 Harris Parkway – a 8,000 SF class B office building
• 6100 Western Place –
B vacancy
• 4055 International Plaza - 53,013 SF class B vacancy
• 4717 Fletcher Avenue – 48,500 SF class B vacancy
• 405 W Loop 820 S – 45K SF class B vacancy
• 7000 Calmont Avenue – 35,593 SF class A vacancy
5825 Edwards Ranch Road