Jun 28, 2016
Dallas skyline shows big divide between Uptown and downtown buildings
DALLAS - Despite a surge in leasing and company moves to the city center, a big chunk of Dallas’ skyline is still in the “red,” according to a new JLL study...
DALLAS – Despite a surge in leasing and company moves to the city center, a big chunk of Dallas’ skyline is still in the “red,” according to a new JLL study of downtown and Uptown office buildings.
Commercial real estate firm JLL just released its annual “Dallas Skyline” snapshot of occupancy and rents in major buildings in the downtown area. Overall vacancy in the downtown area is about 23 percent.
Average quoted rents range from more than $50 per sf in the newest Uptown towers to less than $20 in some of downtown’s older skyscrapers. Average quoted rents are $26.56.
The highest Dallas office rents are in Trammell Crow Co.’s new Park District tower under construction on Pearl St. at $55. The new McKinney & Olive tower on McKinney Ave. is $51 per sf, according to JLL.
In the old financial district, the lowest office rents are in the Renaissance Tower and 1700 Pacific—both below $19 per sf.
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