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DALLAS has 4,778 commercial real estate spaces for lease, representing 35,152,555 sqft space.
831 buildings are available for sale.
In the past 30 days, DALLAS has had 4242 spaces leased and 998 new spaces come on market.
Dallas Commercial and Office Space Overview
An economic powerhouse for generations, Dallas is one of the nation’s largest metropolitan markets and the third-most populated city in the state of Texas.
An ideal area for business and commerce, Dallas is thriving as both a cultural urban force and as a city with strong economic infrastructure, offering plenty of office and commercial real estate for business looking to expand or set up shop in this Texas figurehead. Available properties in Dallas range from sprawling downtown commercial spaces like the new Dallas Smart District to smaller, more affordable office real estate located in the hip and thriving North Oak Cliff, Uptown, and Telecom Sector districts.
As the region continues to expand and grow along the edges, where plenty of affluent professionals live and work, the opportunity for business growth and development outside of the [Dallas downtown area] will only keep pace for the near future. Thousands of real estate listings are available for those looking to lease office or commercial space in Dallas. Rates sit at a surprisingly affordable $25 per square feet/year.
Economy of Dallas
While median household incomes range about 20% below the state average, residents of Dallas proper tend to live and thrive on middle class incomes. With a growing demographic in young couples and working professionals, the city has experienced a rapid growth as new technologies and industries have chosen to call Dallas home. Professional and business services such as accounting, finance, scientific, and technical industries have a long history of prosperity in the city, but newer sectors like energy, advertising and marketing, and technology have shown tremendous success as Dallas has modernized infrastructure, public transit, and city services over the last decade.
The median household income in Dallas is $47,974, ranking 37th among Texas counties. However, the explosion of more affordable housing and a generational trend toward neighborhood living has spurred growth around the city’s suburban areas consistent with other modern urban areas.
Trends of Dallas
Dallas, despite fluctuations in economic trends over the last several decades, has remained a steadfast destination for job seekers, young professionals and couples, as well as transplants from other nearby metropolitan areas. A hotspot for cultural and economic investment, Dallas is poised for sustained growth throughout the coming years.
An upwardly mobile and affluent young demographic has driven growth in key areas, including the city’s thriving arts and culture scene, attracting both tourism and entrepreneurs hoping to capture this market segment and grow the city’s reputation as a thriving hub for entertainment and business.
Where to Rent Office Space in Dallas
Despite the growth around the outskirts of Dallas, the city’s urban core is experience an economic and cultural renaissance, making it an extremely attractive and viable area to set up shop and establish a business or commercial space. From empty nesters to young working professionals, residents of Dallas are increasingly abandoning the concept of suburban homeownership in exchange for proximity to downtown jobs, restaurants, and cultural opportunities found within the city’s core.
But five of the area’s suburban census tracts have shown explosive growth in the last decade. East Dallas, South Oak Cliff, West Oak Cliff, the Medical District, and Victory Park have grown at such a rate that they easily made the top 20 fastest-growing census tracts in the nation from 2010-2014.
These changes come with an overall decline in median household income and an increase in poverty rates. However, as new constructions and urban development continue to expand beyond the city’s central hub, experts are confident that changes to these Dallas neighborhoods will continue to inspire growth for the city’s commercial real estate sectors over the next several years.