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Forget finishes and floor plates. The very nature of office product is changing, moving away from long leases with huge tenant improvement allowances toward a business model that looks more like a multifamily asset on paper. What does that change mean for landlords and asset managers? 
Increased competition from office space alternatives and increased tenant demand for shorter leases are changing office buildings' cash flow and valuation. With less time to amortize an investment, TI allowances are shrinking, and office valuation is starting to look more like…
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New Lease At The Towers A Positive Sign For LBJ Freeway Office Submarket
Property tax consulting firm Cantrell McCulloch entered the LBJ Freeway office market with a 10K SF lease in The Towers at Park Central 7. JLL Q3 Research indicates this could be a sign of the submarket thawing as vacancy declines and…
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20-Acre Mixed-Use Development To Rise In Downtown Dallas
A new 20-acre mixed-use development in Downtown Dallas is in its embryonic stages. Hoque Global and KDC have entered a partnership to build a major campus spanning from Canton Street to the convention center. The development will include retail, residential, hospitality…
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Amazon HQ2 Bids Are Due Today — Here's What Bisnow Knows About The ContendersAmazon's HQ2 request for proposals are due today. Cities throughout the U.S. and Canada have pulled no punches in their attempts to lure the tech giant, and now it will come down to the best proposal. What market will take home the prize? The entire country is waiting with bated breath for the e-commerce mammoth's decision, which is slated to be announced next year. Here is what Bisnow knows about those in the running for HQ2: |
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Amazon HQ2 Promotes 50,000 High-Paying Jobs (And A Shock To Your Housing Market)After a six-week-long coast-to-coast civic competition, bids for Amazon's $5B second headquarters are due today. The company's request for proposals pit city against city as major markets laid their economic toolkits on the table to see whose was best. In exchange for landing the promised 50,000 jobs (many paying over $100K a year) and bragging rights, cities are throwing anything and everything at the Seattle-based e-commerce behemoth. But those who have shared their city with Amazon for years say the results may not be worth the hefty bargaining chips. |
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