Commercial Real Estate in Dallas
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Overview of Commercial Real Estate in Dallas
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 spaces and other commercial real estate types for businesses 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 spaces 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 commercial development outside of the Dallas downtown area will continue to keep pace for the near future. Thousands of commercial real estate listings are available for those looking for office space for rent 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.
Dallas has 4,985 commercial real estate spaces for lease, representing 40,109,797 sqft space.
865 buildings are available for sale.
In the past 30 days, Dallas has had 4826 spaces leased and 336 new spaces come on market.