Optimism still high in DFW office market
Author: Mike Otillio & Kari Beets
Date Published: 07/03/2017
The flight to quality continues to be a trend throughout the market. As the U.S. economy continues slow, steady growth tenants are taking advantage of the opportunity to restructure and refresh their space. For some, this means consolidating space in a higher-quality building by creating open office concepts or eliminating storage, causing negative market-wide absorption for Class B in the first half of the year. Examples of this include EnLink Midstream, who recently moved from Class B space in Uptown to One Arts Plaza, and Pioneer Natural Resources, who was in Class A space in Williams Tower but was optimistic enough to kick-start its new headquarters in the mixed-use Hidden Ridge development in Las Colinas.