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DFW Office Market – 2017 Midyear Update

2nd Quarter DFW office rental rates increased to $26.19/sf.The first half of 2017 is behind us and the Dallas/Fort Worth office market continues to outperform other major markets around the country. Below are highlights from the first half of the year and predictions for the remainder of 2017. 1st Half 2017 Highlights Record Rental Rates: For the first time ever in DFW, rental rates in the most expensive buildings have reached $60 per square foot (sf) in Uptown. To put this in perspective, in 20
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Behind the Move: New Brinker Headquarters Build To Suit

Last month, our client, Brinker International, the parent company of Chili’s and Maggiano’s Little Italy, announced that it will move its corporate headquarters from its campus on Hillcrest Road and LBJ Freeway to a new 216,300-square-foot, four-story, custom Build To Suit office in the Dallas development known as Cypress Waters. We have had the pleasure of partnering with Brinker executives for the past three years to help them determine the best real estate solution for the long-te
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DFW Office Market – 2016 Review, 2017 Predictions

With 2016 in the rear view mirror and 2017 getting underway, it’s a good time to reflect on what went well last year in the Dallas-Fort Worth office sector and look forward to what lies ahead. As an ancient Greek philosopher once said, “Change in the only constant in life,” and that statement certainly holds true today. Naionally, we had a big change, with the election season last year and the new administration taking office this month. Here in our Dallas Cushman & Wakefie
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3rd Quarter 2016 DFW Office Market Update

As 2016 enters the final stretch, the Dallas-Fort Worth office real estate market continues to fire on all cylinders. Last week I attended our Cushman & Wakefield National Symposium, and our Chief Economist, Ken McCarthy, said Dallas is currently one of the best office markets in the country. The highlights of the 3rd Quarter of 2016 are featured in our Cushman & Wakefield DFW Office MarketBeat and below: 3rd Quarter 2016 Highlights: Highest Job Growth In USA: Over the last year, DFW has
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DFW First Half 2016 Office Market Update

Half of 2016 has flown by and the Dallas/Fort Worth office market continues to shine. The first part of the year was very strong for the Metroplex: new companies announced plans to relocate to the area, office rental rates reached record heights, and new office buildings rose on the skyline. The highlights of the first half of 2016 are featured in our Cushman & Wakefield DFW Office MarketBeat and below: 1st Half 2016 Highlights: New Corporate Relocations to DFW: The DFW area is considered on
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Why Is Jamba Juice Moving Their Headquarters To Texas?

Last week Jamba Juice announced they will relocate their corporate headquarters from California to North Texas in the fall. The company has signed a lease in Hall Office Park in their new 3001 Dallas Parkway building located in Frisco, TX.  Jamba Juice’s facility will include their headquarters, a state of the art test kitchen, and a retail storefront. My colleague Bill McClung and I had the privilege of representing Jamba Juice as their brokers during their headquarters relocation, as wel
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The Cost of An Office Move Or Renovation

Companies move and renovate their office locations for a variety of reasons – to enhance and/or change a company culture, upgrade to a building that better fits their current and future needs, recruitment and retention of employees, reduction of rental costs, to accommodate their increasing number of employees, an upcoming lease expiration, as well as many other reasons. Regardless of the reason, executives must understand the potential costs before making an informed decision. Determining the c
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The LBJ Comeback

The LBJ Freeway Office submarket is poised for a strong comeback in 2016 after a decade of lackluster performance. Completion of the LBJ Express project has spurred the development of new mixed use projects and resulted in building owners investing millions of dollars to improve existing buildings.
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2015 Review, 2016 Predictions

Ringing in 2016 A few weeks ago, we said goodbye to 2015 and welcomed 2016.  2015 was one of the best years on record for North Texas commercial real estate.  In fact, office building rents in North Texas are at an all-time high.  According to the 2015 year-end Cushman & Wakefield MarketBeat, “The Dallas-Fort Worth metro added more jobs during the last 12-month period than 46 state economies and ranked #3 in job growth among other major metro areas; just behind New York and Los Angeles.”  Th
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