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Old 06-24-2010, 08:32 AM
 
Location: ITL (Houston)
9,223 posts, read 13,466,601 times
Reputation: 3545

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You're looking at the entire area. I was talking about the Downtown areas of both ities, where Houston is no where near Dallas (and it really isn't if you look at the overall areas, too).
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Old 06-24-2010, 08:40 AM
 
Location: Upper East Side of Texas
12,521 posts, read 22,377,899 times
Reputation: 4890
Downtown Houston is easily twice as large as Downtown Dallas in area alone.
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Old 06-24-2010, 09:13 AM
 
Location: Austin/Houston
2,819 posts, read 4,243,502 times
Reputation: 2073
Quote:
Originally Posted by LAnative10 View Post
I did. Its 18.4% in Houston and 26% in Dallas. Which is why I said:

"How bad is it when Houston lectures Dallas about too much vacancy when theirs is certainly nothing to jump up and down about. But its better than Dallas.'"

I stand by that.

First-quarter office vacancies hit 26 percent | News for Dallas, Texas | Dallas Morning News | Dallas Business News

Houston sees highest office vacancy rate in five years - Houston Business Journal

Houston does have it a lot better in the department, but their vacancy rate is still nothing to brag about. The national average is between 14-17% depending on which source you believe.
LAnative, Scarface is right, you're comparing the entire Houston area's vacancy rates to Dallas's downtown Office rate and that is inaccurate. Houston's downtown Office vacancy rate was well below 12% in 2008/2009. That's what permitted them to be able to add two new towers over the last couple of years.
Dallas's downtown vacancy rate continues to soar above 25%.

Last edited by stoneclaw; 06-24-2010 at 09:22 AM..
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Old 06-24-2010, 11:53 AM
 
16,092 posts, read 35,820,457 times
Reputation: 6264
200 people show up for Museum Tower groundbreaking in Dallas Arts District | News for Dallas, Texas | Dallas Morning News | Dallas Business News


http://www.dallasnews.com/sharedcontent/utilities/clickedimage/index.html (broken link)
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Old 06-24-2010, 11:58 AM
 
Location: Houston Inner Loop
659 posts, read 1,154,685 times
Reputation: 746
If they think they're going to be able to sell that many $1mm plus highrise condos in DTD more power to them. I predict this project will take quite a bit of time to fill. But, hey, at least the skyline will improve.
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Old 06-24-2010, 12:02 PM
 
Location: Dallas-Fort Worth Metroplex
3,261 posts, read 7,641,143 times
Reputation: 678
YAY! Construction has finally started.
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Old 06-24-2010, 12:11 PM
 
Location: Willowbend/Houston
13,403 posts, read 20,329,490 times
Reputation: 10183
Quote:
Originally Posted by C2H (ComingtoHouston) View Post
LAnative, Scarface is right, you're comparing the entire Houston area's vacancy rates to Dallas's downtown Office rate and that is inaccurate. Houston's downtown Office vacancy rate was well below 12% in 2008/2009. That's what permitted them to be able to add two new towers over the last couple of years.
Dallas's downtown vacancy rate continues to soar above 25%.
Yes, I noticed after I posted it. It was too late to edit.

Either way, I agree with you guys. I dont think its the right time to put more buildings up downtown when the vacancy rate is 25%.
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Old 06-24-2010, 12:23 PM
 
Location: Dallas-Fort Worth Metroplex
3,261 posts, read 7,641,143 times
Reputation: 678
Read this article: http://www.pegasusnews.com/news/2010...refscroll=1384
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Old 06-24-2010, 12:58 PM
 
Location: Dallas
124 posts, read 196,044 times
Reputation: 117
The Museum tower is nice and will add greatly to the skyline, but Dallas needs to fill up the vacant buildings with AFFORDABLE residences. Prime location and nice building, but wrong time, and waay too overpriced. I also hear that another condo highrise will resume contruction by the end of the summer(Stoneleigh residence?).

I'll give alot of credit to Dallas because it is making drastic improvement in the CBD. A developer purchased alot of vacant buildings around the Joule hotel and expand it. Another big building is being renovated into a condo building(the Grand Ricci I think). The Atmos complex and the Continental building have received funding, so when the time is right, it will be renovated into residences.

The one building I really want renovated and restored is the Dallas Statler Hotel and the library, but that may become a reality because the activity in that area of downtown is thriving with new restaurants and cafes opening, a new park, and a new law school to be placed in the to-be restored old city hall building.
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Old 06-24-2010, 01:07 PM
 
Location: Austin/Houston
2,819 posts, read 4,243,502 times
Reputation: 2073
Quote:
Originally Posted by Dallas12 View Post
The Museum tower is nice and will add greatly to the skyline, but Dallas needs to fill up the vacant buildings with AFFORDABLE residences. Prime location and nice building, but wrong time, and waay too overpriced. I also hear that another condo highrise will resume contruction by the end of the summer(Stoneleigh residence?).

I'll give alot of credit to Dallas because it is making drastic improvement in the CBD. A developer purchased alot of vacant buildings around the Joule hotel and expand it. Another big building is being renovated into a condo building(the Grand Ricci I think). The Atmos complex and the Continental building have received funding, so when the time is right, it will be renovated into residences.

The one building I really want renovated and restored is the Dallas Statler Hotel and the library, but that may become a reality because the activity in that area of downtown is thriving with new restaurants and cafes opening, a new park, and a new law school to be placed in the to-be restored old city hall building.
The only credit I give to Dallas developers is having Brass Balls, but brains? Not so much. But at least it will be a better skyline to look at!
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