The tight labor market is causing office tenants to rethink their real estate. With national unemployment at 3.6%, and DFW unemployment even lower at 3.4%, competition is fierce for top talent, and occupiers are thinking about real estate as a recruiting asset rather than a cost center. This is evidenced by tenants willing to pay more than $50 per square foot for new builds in the vibrant Uptown submarket and the amenity-rich Legacy area that is commanding all-in rents of $40-45.
Q2 2018 Migration to Efficient, Pricier Space Results in Down Quarter
Author: Mike Otillio & Kari Beets
Date Published: 08/01/2018