2014-01-09

Candace Carlisle

Staff Writer-Dallas Business Journal



Submitted art
Las Colinas: The corporate hub near the airport is still a positive environment for tenants, especially with new projects in the Las Colinas Urban District.

The demand for office space in Dallas-Fort Worth is expected to grow this year as jobs funnel into the region through corporate relocations or expansions, likely triggering new office development.

The expectation for growth in North Texas stems from a positive 2013, when nearly 3 million square feet of office real estate in Dallas-Fort Worth was absorbed in the year, according to Jones Lang LaSalle’s end-of-year research.

Dallas-Fort Worth had a net job growth of 96,000 positions year-over-year, which coupled with the lack of new construction in the market has led to a much healthier market, Daryl Mullin, senior vice president of Jones Lang LaSalle told the Dallas Business Journal.

“When you have a healthy market, or an equilibrium between the supply and demand, it will continue to attract people that want to be in this market,” Mullin told me. “When you have good quality landlords that put capital in the properties and maintain them well, it attracts new folks into the market from an investment standpoint.”

For the complete article, click here.

 

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