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09-08-2010, 08:14 AM
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Location: Chicago
2,908 posts, read 2,053,183 times
Reputation: 1627
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My city is number 2.  |
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09-08-2010, 08:41 AM
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Location: Funky Town, Texas
3,386 posts, read 3,124,806 times
Reputation: 1218
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Miami and Atlanta this past decade past Dallas right on up. Dallas is due for another skycraper boom. The downtown skyline is virtually unchanged.
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09-08-2010, 08:53 AM
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16,426 posts, read 9,750,179 times
Reputation: 4381
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NYC and Chicago then a bunch of nice ones that are mostly subjective
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09-08-2010, 08:57 AM
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Location: Cleveland bound with MPLS in the rear-view
5,532 posts, read 3,991,838 times
Reputation: 2145
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Quote:
Originally Posted by kdogg817
Miami and Atlanta this past decade past Dallas right on up. Dallas is due for another skycraper boom. The downtown skyline is virtually unchanged.
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Why do you think Dallas is in line for another boom? We are in the middle of the biggest recession in recent memory and commercial office space is currently suffering the most. |
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09-08-2010, 09:00 AM
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Location: Cleveland bound with MPLS in the rear-view
5,532 posts, read 3,991,838 times
Reputation: 2145
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The current vacancy rate for the Commercial market is 21% - 22%
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09-08-2010, 09:37 AM
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Location: Funky Town, Texas
3,386 posts, read 3,124,806 times
Reputation: 1218
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Quote:
Originally Posted by west336
Why do you think Dallas is in line for another boom? We are in the middle of the biggest recession in recent memory and commercial office space is currently suffering the most.
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After the recession... |
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09-08-2010, 09:56 AM
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Location: Cleveland bound with MPLS in the rear-view
5,532 posts, read 3,991,838 times
Reputation: 2145
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Sure, I believe that for certain. Dallas, Houston, Denver, LA, SF, NYC, Phoenix, Miami will all bounce back with a vengence. Do you have any idea what reports are on how much Dallas is supposed to add in its next boom cycle? I'd love to see Minneapolis in this action but it's just not that much of a boom/bust city and not as exciting to watch, unfortunately.
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09-08-2010, 11:26 AM
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Location: Rose Capital of The World
9,997 posts, read 8,685,397 times
Reputation: 3511
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Quote:
Originally Posted by west336
The current vacancy rate for the Commercial market is 21% - 22%
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Yeah, Downtown Dallas is very low.
Last I heard it was down near 70% occupied which is very bad. |
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09-08-2010, 11:29 AM
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Location: Rose Capital of The World
9,997 posts, read 8,685,397 times
Reputation: 3511
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Quote:
Originally Posted by kdogg817
Miami and Atlanta this past decade past Dallas right on up. Dallas is due for another skycraper boom. The downtown skyline is virtually unchanged.
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Dallas won't see another boom until its downtown is at least 90% occupied like Houston's. |
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09-08-2010, 11:30 AM
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Location: Cleveland bound with MPLS in the rear-view
5,532 posts, read 3,991,838 times
Reputation: 2145
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The stats I had were as of end of Q2 2010, just googled it and found a PDF somewhere down the 1st page of "Dallas office vacancy rate".
30% is astronomical, and assuming you have 300 million RSF in the city of Dallas, you'd have to absorb nearly 100 million RSF to get to 100% occupied -- wow!
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