VENTANA, A TWO-TOWER SENIORS RESIDENTIAL DEVELOPMENT, IS BEING CONSTRUCTED NEAR NORTHPARK CENTER.
THE CRANE REPORT
Summer 2017
The demand for office space in Dallas-Fort Worth continues to be strong with many firms looking for a “work, live, play” environment. Lenders have tightened requirements for speculative development, and that could have an impact on preleasing for much of the new developments. In each issue of the Dallas-Fort Worth Real Estate Review, we showcase projects that are underway or planned in the Crane Report. Data for the office and industrial sectors is provided by Xceligent Inc., while data for the multifamily market is provided by Axiometrics, a RealPage Company. BYLANCE MURRAY
ON-THE-GRO U N D I N S I G H TS
OFFICE
INDUSTRIAL
MULTIFAMILY
NORA HOGAN
RYAN EVANICH
CHRIS TEESDALE
CHRIS DEUILLET
“The amenity list is getting longer as each owner adds value for the higher quoted rental rates. No longer is it just a deli, it’s a ‘healthy’ deli along with restaurants in the immediate area. Athletic facilities are staff ed vs. “equipment only” and conference facilities [must] accommodate diff erent meeting sizes.”
“In today’s highly competitive labor market, corporate office tenants are more focused on their real estate needs than ever before. Their selected office building must serve as an extension of their corporate culture, allowing companies to attract and retain talent with a high level of services and amenities.”
“Since transportation is still the single most expensive component aff ecting the cost of goods, more than inventory or rent, industrial users will continue to focus on locations that shave this and other supply chain costs.”
“With more than 100,000 jobs added for the past 12 months through April, these employees have to live somewhere. There’s a strong focus on the live, work, play concept in Dallas. The Midtown Project, Richardson’s Cityline, Plano’s Shops of Legacy and Legacy West are prime examples.”
Transwestern
SUMMER 2017
Stream Realty
CBRE
Colliers International
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