Recent Office Leases in Dallas

Real Estate remarks a measurable change in the market conditions prevailing in Dallas. The office occupancy has shown some upward as well as downward movement in the recent quarters.

Houston, Texas (I-Newswire) February 14, 2013 - Real Estate remarks a measurable change in the market conditions prevailing in Dallas. The office occupancy has shown some upward as well as downward movement in the recent quarters. The occupancy shows a decrease of 0.71%, when compared to the previous quarter. Overall rents stood at $18.74, an increase of $0.09 per square foot over the previous quarter and $0.16 per square foot, when compared to the fourth quarter of 2011. Some of the recent offices leases recorded in the Dallas market area include:

Walsh Anderson has leased 10,000 square feet at Crestview Tower, a 263,000 square-foot, Class A building located at 105 Decker Court in Irving, Dallas County, from Codina Partners. The 30-year-old building is 72.8% occupied with average rents at $19.50 per square foot. Beth Boyd, Tim Terrell and Kendall Cramer of Stream represented the landlord. The 12-story floor building located at the corner of Goodson Drive and Decker Court. The multi tenant property is situated on 10.05 acres and the rent type of the property is Gross. The office building has access to North side of Goodson Drive and East side of Decker Court. According to the appraisal district records, the total assessed value is $21.4 million.

Another significant lease for the month was Westway One. Broad Oak Energy II LLC has leased 13,000 square feet at Westway One, a 165,000 square-foot, Class B building located at 1707 Market Place Boulevard in Irving, Dallas County, from Evald Mann - Market Place Boulevard, Irving LLC. The 11-year-old building is 61.2% occupied with average rents at $18.50 per square foot. Beth Boyd and Sarah Erickson of Stream represented the landlord. The three-story building is located North of Market Place Boulevard and South of Lauren Road. The gross building area of the property is 173,680 square feet. The multi tenant office property situated on 10.29 acres. According to the appraisal district records, the total assessed value is $8.7 million.

The Market Research and Consulting division of O’Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Dallas Office Space For Lease Houston office space leasing, Dallas retail space leasing, Dallas industrial leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Fort Worth apartments, Dallas Office Space For Rent Austin apartments, and San Antonio apartments. Regularly updated primary market data is the basis for quality real estate market data. It provides the basis for market analysis including absorption, rental rate trends and occupancy rate trends. O’Connor & Associates has provided timely real estate market research since 1988. The data is used by our appraisers, real estate consultants, property tax consultants and clients.

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