| As 2008 gets underway, there is good news
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| | distribution center and a 415,000 square
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| in the Dallas commercial real estate
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| | foot combined office and warehouse
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| market. Major corporations are either
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| | building. A new long-term agreement has
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| relocating their operation centers to the
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| | ensured their ongoing presence in Dallas.
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| Dallas area from other parts of the
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| | GIS will be adding 22,558 square feet of
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| nation, or are reconfirming their success
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| | office space to their already expansive
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| in Texas by renewing long-standing
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| | 24,875 square feet. GIS will be using
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| leases, choosing to remain in the area
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| | their new office space to update their
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| rather than relocate elsewhere.
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| | data area, including a new 24/7 data
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| One major event that will catapult Dallas
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| | center.
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| into the crème de la crème of
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| | Diverse Industry in Texas
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| influential corporate design centers is
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| | Not only is Dallas one of the biggest
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| the planned opening of the Dallas Center
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| | employment centers in the United States,
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| for Architecture. This 9,000 square foot
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| | but it has often been referred to as "The
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| structure will provide a combination of
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| | Silicon Prairie" due to the large numbers
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| office space, design area, conference
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| | of high tech corporations moving into the
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| rooms, and a gallery. This innovative
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| | area. This trend has continued through
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| design concept will make it one of only a
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| | 2007, and the demand for office space
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| few such architectural design centers in
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| | remains high.
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| the United States.
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| | In addition to tech companies, Dallas is
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| Industrial Development Continues to
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| | home to other industries such as
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| Thrive
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| | transportation, manufacturing, defense,
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| Major distribution centers continue to
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| | finance, construction, and real estate.
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| expand and develop in the Dallas region,
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| | The city ranks sixth in the nation for
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| driven largely by the presence of the
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| | the number of Fortune 500 companies
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| Dallas/Fort Worth International Airport.
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| | located in the region, including
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| Early reports in 2008 show industrial
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| | financial giant ExxonMobil. Other
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| development to be at its highest level in
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| | companies of note who call Dallas home
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| seven years, while the vacancy rate
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| | include Texas Instruments, 7 Eleven,
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| remains low.
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| | Blockbuster, and Southwest Airlines.
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| Good news occurs on both sides of the
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| | The availability of commercial property
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| coin. With the area's 642 million square
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| | is diverse, from manufacturing and
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| feet of available industrial space,
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| | industrial space, to office and retail
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| businesses looking to relocate to Dallas
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| | locations. Many investors consider the
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| are still able to negotiate advantageous
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| | Dallas market to be a sound financial
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| leases. The multitude of choices
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| | investment in terms of both commercial
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| available in industrial real estate
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| | and residential real estate.
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| combined with a high quality of living
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| | In addition to the growth of the
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| standard in the Dallas area makes it a
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| | commercial real estate market, Dallas has
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| prime location for corporate
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| | the highest growing influx of trained
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| repositioning.
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| | professionals of any major metropolitan
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| Long Term Leases are Inked for Major
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| | area in the nation, making it a highly
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| Companies
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| | desirable area for corporations to find
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| General Information Services, Inc. (GIS)
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| | new talent.
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| and Four Seasons, Inc. has already been
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| | The overall outlook for the commercial
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| long-term lease holders in the Dallas
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| | segment of Dallas real estate continues
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| area. Four Seasons occupies a 9.3 acre
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| | to look bright well into 2008 and beyond.
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