Very interesting D Magazine piece this week on the future of downtown Dallas and parking as a limiting factor for our city's 10 largest towers, sitting majorly unleased (48.8 percent vacancy). "The office towers aren’t necessarily failures—they’re raw material for downtown’s next chapter. 'If the city gets it right,' Perot Jr. says, 'you’ll see developers from all over the country coming in. If we have to set aside eight years to turn downtown into a warzone of construction so be it. It’s time to bring downtown into the 21st century.'" https://lnkd.in/g-Hh6M9i
Dallas Downtown Parking Limits City Growth
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Hudson Yards — the largest private real estate development in U.S. history and home to a roster of blue‑chip tenants — has fully filled its offices as the high-profile project and the city's market have overcome the major blow delivered by the pandemic. Read more in the CoStar News story below ⬇️
Hudson Yards — the largest private real estate development in U.S. history — is now fully leased, signaling a strong rebound for New York City’s office market as demand for premium space reaches post‑pandemic highs. New York’s market for offices is now sitting at an “all‑time peak,” according to Related Companies CEO Jeff Blau, as the company said its workspaces are completely occupied. The milestone underscores the ongoing flight to quality, with leading companies continuing to gravitate toward high‑end, amenitized office campuses in Manhattan. Read more: https://bit.ly/4nhF5YA
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Dallas office distress is no longer just a downtown story. It is becoming a capital markets story. This D CEO article on vacant downtown office towers highlights something many investors are already underwriting carefully: the separation between commodity office space and highly differentiated assets. The question is no longer whether office demand will fully “return.”The real question is which assets can be repositioned into the next cycle of demand. What we are watching in Dallas:• Flight to quality continues• Commodity office is under pressure• Adaptive reuse economics are becoming more compelling• Capital is shifting toward mixed use and experiential environments• Growth corridors outside the urban core continue capturing residential expansion and retail demand This matters because major urban market resets often create ripple effects across the metroplex. As Dallas recalibrates, suburban markets like Rockwall, Rowlett, Fate, Royse City, and other high growth corridors become increasingly relevant in long term allocation strategies. North Texas remains one of the strongest population growth markets in the country. The opportunity is not disappearing. It is redistributing. The groups that will win over the next decade are the ones that can correctly identify:• Where people are actually moving• How hybrid work changes land use demand• Which obsolete assets can be transformed• Where infrastructure and rooftops intersect with retail and service demand This is less about decline and more about repricing, repositioning, and reinvention. Interesting article from D CEO:https://lnkd.in/gmHpVMUu #CommercialRealEstate #DallasCRE #CapitalMarkets #AdaptiveReuse #DFWRealEstate #MixedUseDevelopment #InvestmentStrategy #RockwallTX #TexasRealEstate
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"Return to office" may be taking on a whole new meaning. And a property in the Chicago suburbs tells us why. Recent lease transactions totaling more than 15,000 square feet now occupy over 11% of the 130,288-square-foot One Story Schaumburg campus, pushing the property to more than 90% occupancy and highlighting continued tenant demand for flexible, accessible, employee-friendly office environments that support productivity and convenience. Leading the leasing efforts are NAI Hiffman Executive Vice Presidents Steve Chrastka and Jason J. Wurtz, alongside Associate Broker Sebastian Mendoza, whose market expertise and strategic leasing approach continue to drive strong results at the Schaumburg campus. Their efforts reflect Hiffman's understanding and capitalizing on emerging commercial real estate trends like single-story office buildings, helping to position our clients to maximize value, attract tenants, and stay ahead in a rapidly evolving market. Get the full story at https://lnkd.in/gygMqQEf #NAIHiffman #CommercialRealEstate #OfficeLeasing #Schaumburg #SingleStoryOffice #CRETrends #TenantExperience #OfficeMarket #MakingLivesEasier
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Grace Altamura and I attended Richmond BizSense’s Office Space event because I always enjoy hearing what’s working in other markets that we might be able to apply here in #HamptonRoads. One point that came through clearly and something I’ve been saying for awhile (throwing it all the way back to the #GreatOfficeGlowUp): tenants aren’t just leasing square footage but they are using office space as a recruiting + retention tool. Smart tenants are willing to shift some of those occupancy dollars into better design, amenities, technology, and employee experience. #Richmond’s office fundamentals are strong, and many of the same trends are playing out here. The buildings gaining traction are the ones where ownership is willing to invest in the tenant experience and help prospects see what the space can become. Overall great insights from Will Bradley, Christian Creswell, John B. Levy, Gagan Marwaha, and David Wilkins, SIOR
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Remember when "Midtown" was specific enough? Well, today's Manhattan office market says otherwise. Hudson Yards and the Plaza District are seeing rent growth accelerate, while other major corridors are moving at a different pace. Tenants are becoming more selective. The differences between Midtown's top office destinations are becoming harder to ignore 👀: https://lnkd.in/eRqHvf9Z #AYdifference
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Cushman & Wakefield’s National Office Advisory Group is pleased to present Ten Peachtree Place, a 20-story, 260K SF iconic office asset in the heart of Midtown Atlanta. • Landmark postmodern asset in Atlanta’s most sought-after office submarket • Originally developed as the “Coca-Cola Computer Center” • 100% leased to Southern Company since 2002 • Full building available upon Southern Company’s planned move-out in July 2026 • Rare opportunity for immediate, full-building occupancy, repositioning, or redevelopment Ten Peachtree Place offers investors and users the opportunity to reimagine a highly visible Midtown asset with true optionality. To access the Confidentiality Agreement and learn more: https://lnkd.in/efYeFGNy Samir Idris | David Meline | Molly Millard | Burch Mixon | Phillip Metzheiser | Andrea Simon | Lily P. #CushWake #CapitalMarkets #CRE #Atlanta Russell Ingrum
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Despite all the headlines about office real estate struggling, Scottsdale just recorded the Valley's largest office lease of 2026. -- Consumer Cellular signed more than 123,000 square feet in North Scottsdale, consolidating operations into a single location. -- Companies don't make long-term real estate decisions like this unless they have confidence in their workforce, growth plans, and the market they're operating in. -- While some cities continue to battle office vacancies, Scottsdale remains a destination for corporate relocations and expansions. What commercial sectors do you think will drive the Valley's next decade of growth? #ArizonaRealEstate #Scottsdale #CommercialRealEstate #PhoenixBusiness #CRE https://lnkd.in/gpcKxnJe
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I think working in downtown is highly overrated and it's good to have suburban based HQs. Commutes are a lot of daily wasted time so it's best to minimize them. And if you spread out the HQs instead of concentrating them in one area, then parking is no longer an issue. Why Downtown Dallas Can't Fill Its "Zombie" Office Towers - D CEO Magazine https://lnkd.in/gXBg_4zH
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Thanks to The Philadelphia Inquirer for asking me to be a part of this conversation. Chubb’s new tower is a great example of how the office market is evolving (not disappearing!!) with a clear shift toward high-quality, amenitized, transit-oriented space. We’re seeing increased interest from companies outside the region exploring Philadelphia in a more serious way. The question isn’t whether demand exists — it’s whether we can convert that interest into commitments.
In Philadelphia, many companies have been reducing their footprints and trading up to smaller spaces in fancier buildings. In response, older offices that struggle to replace tenants have plummeted in value. So, could Chubb’s tower be Center City’s last new office building? 🔗 https://lnkd.in/eFM9SEQn
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