Recent Retail Leases in Dallas
The real estate market of Dallas shows a remarkable improvement in the recent quarters. Retail leases have shown remarkable trends in terms of rents and occupancy. The occupancy in third quarter of 2011 has decreased by 0.52% when compared to the third quarter of 2010. Comparing the third quarters of 2010 and 2011, rental rates shows a decrease of $0.08 per square-foot. Some of the recent leases include:
In the month of October 2011, Just Fitness 4U has leased 29,460 square feet of anchor space at Town Square 164,000 square foot community center located at 900 West Parker Road in Plano, Collin County from Dunhill Partners. The 26-year-old property is 82% occupied with average rents at $1.47 per square-foot. The center is located in the Arlington sector of the Plano city. The multi-tenant property was built in 1985 and is situated on 14.59 acres. The property is unanchored and its tenants include Inwood National Bank, Dollar General and Wholesale Nutrition.
Another remarkable lease for the month was by Delta Dental Insurance Company that leased 10,678 square feet at The Shops at Highland Village, a 345,000 square foot community center located at 4150 Justin Road in Highland Village, Denton County. The four-year-property is 80% occupied. The retail community is located at the intersection of FM 2499 and FM 407 in Lewisville from the Regency Centers. The multi-tenant center was built in 2007. The Gross building area of the property is 301,280 square-feet and is situated on 43.19 acres. The property is anchored by AMC Theatre and Barnes & Noble Booksellers.
About the Author
Real estate decision makers need timely market data to make informed decisions. It provides insights regarding construction, proposed projects, absorption, and occupancy and rental rate trends. O’Connor and Associates has been providing real estate data since 1988. Both internal and external clients regularly use our real estate market research. The Market Research and Consulting division of O’Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Houston office space leasing, Dallas retail space leasing, Dallas Retail Space, Houston industrial space leasing, Houston apartments, Dallas apartments, Fort Worth apartments, Dallas Retail Lease Austin apartments, and San Antonio apartments.
Tell others about
this page:
Comments? Questions? Email Here