Enter the complicated world of real estates


Commercial Real Estate Continues to Thrive in Dallas

As 2008 gets underway, there is goodfoot combined office and warehouse
news in the Dallas commercial realbuilding. A new long-term agreement has
estate market. Major corporations areensured their ongoing presence in
either relocating their operationDallas.
centers to the Dallas area from otherGIS will be adding 22,558 square feet of
parts of the nation, or are reconfirmingoffice space to their already expansive
their success in Texas by renewing24,875 square feet. GIS will be using
long-standing leases, choosing to remaintheir new office space to update their
in the area rather than relocatedata area, including a new 24/7 data
elsewhere.center.
One major event that will catapultDiverse Industry in Texas
Dallas into the crème de la crème ofNot only is Dallas one of the biggest
influential corporate design centers isemployment centers in the United States,
the planned opening of the Dallas Centerbut it has often been referred to as
for Architecture. This 9,000 square foot"The Silicon Prairie" due to the large
structure will provide a combination ofnumbers of high tech corporations moving
office space, design area, conferenceinto the area. This trend has continued
rooms, and a gallery. This innovativethrough 2007, and the demand for office
design concept will make it one of onlyspace remains high.
a few such architectural design centersIn addition to tech companies, Dallas is
in the United States.home to other industries such as
Industrial Development Continues totransportation, manufacturing, defense,
Thrivefinance, construction, and real estate.
Major distribution centers continue toThe city ranks sixth in the nation for
expand and develop in the Dallas region,the number of Fortune 500 companies
driven largely by the presence of thelocated in the region, including
Dallas/Fort Worth International Airport.financial giant ExxonMobil. Other
Early reports in 2008 show industrialcompanies of note who call Dallas home
development to be at its highest levelinclude Texas Instruments, 7 Eleven,
in seven years, while the vacancy rateBlockbuster, and Southwest Airlines.
remains low.The availability of commercial property
Good news occurs on both sides of theis diverse, from manufacturing and
coin. With the area's 642 million squareindustrial space, to office and retail
feet of available industrial space,locations. Many investors consider the
businesses looking to relocate to DallasDallas market to be a sound financial
are still able to negotiate advantageousinvestment in terms of both commercial
leases. The multitude of choicesand residential real estate.
available in industrial real estateIn addition to the growth of the
combined with a high quality of livingcommercial real estate market, Dallas
standard in the Dallas area makes it ahas the highest growing influx of
prime location for corporatetrained professionals of any major
repositioning.metropolitan area in the nation, making
Long Term Leases are Inked for Majorit a highly desirable area for
Companiescorporations to find new talent.
General Information Services, Inc. (GIS)The overall outlook for the commercial
and Four Seasons, Inc. has already beensegment of Dallas real estate continues
long-term lease holders in the Dallasto look bright well into 2008 and
area. Four Seasons occupies a 9.3 acrebeyond.
distribution center and a 415,000 square



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