Dallas High Rise Buildings Occupancy (Plano, West: sublease, lease, insurance)

[Bendini-lambert & locke]

Does anyone know which of the Dallas high rise skyscrapers are struggling the most with tenant occupancy and attracting and retaining tenants?


I have noticed several Class A high-rise office skyscrapers including CityPlace (outside downtown) have been/or plan to convert portions of their building to residential/and or Hotel...

Their have been several articles in the DMN about this building repurposing trend...


This is why I am curious to hear what the word on the street is regarding which high rise office skyscrapers are doing better with occupancy than others?....

I am specifically asking about the largest skyscrapers in Dallas which are over 1 million square feet of rentable space. The buildings you see on the downtown skyline as well as CityPlace in uptown...which is also in the big leagues at 1.3 million Square feet of space.

Chase Tower for example is remaining entirely a class A office tower....no mixed use residential or hotel announced....I'm guessing that building is one of the luckier towers that has fared better with keeping tenants than others?


Any insight is appreciated!

I'd especially welcome hearing from those who work in the downtown skyscraper towers/or CityPlace.


Thank you very much.

Regards.

[oil capital]

It's a bit time-consuming and the information is not necessarily complete, but most buildings' websites show what spaces they have available. (But as I said, not necessarily complete, because that probably does not include available sublease space, of which there is a LOT in downtown Dallas).

[TheOverdog]

Transwestern provides free occupancy reports for DFW. I'd start there.


https://transwestern.com/market-repo...rtyType=Office


Office occupancy in the entire DFW area is terrible, since the amount of land zoned for office is far more than needed. For once, DT Dallas is not the worst at 35% available since Deep Ellum subdistrict has 41% available. With those breakdowns, Upper Tollway/west Plano is the largest submarket for office in DFW, with 33m sq ft vs CBD at 28m sq ft of office, though downtown Dallas CBD is far smaller in actual sq miles of size than Upper Tollway is. You'd have to combine 3 or 4 near downtown submarkets to get the same physical area. Also West Plano submarket has about as much available (only about 2m sq ft less) for rent as the entire city of Ft Worth has in total.

[TeamLynn]

Also just because it is leased, doesn't mean people are going to the office, so tough to tell sometimes.
They may tell you a building is 80% leased, but only 30% of the people who should be at a desk or cubicle are actually coming in.
Just heard tonight oen big insurance company here in town that had been 2 days in office and 3 from home is changing back to 5 days a week in office starting Nov 1st.

[FreeVilley]

Seems like OP is asking us to do his homework for him. Try ChapGPT dude