Front Porch Pantry Delivers Fresh Meals from a 26,000-Square-Foot Food Production Facility
Front Porch Pantry was a relatively unknown contender in the prepared meal delivery business when it launched in 2016 from a small deli kitchen at the back of an Addison liquor store. The Dallas-based company now competes with the likes of Freshly and Factor and ships over 50,000 meals a month across Texas, Oklahoma, Arkansas,… Read more »
Kathy Permenter Featured on KRLD CEO Spotlight
Younger Partners Co-Managing Partner Kathy Permenter talks about the company’s recent acquisition of Crockett Row during an interview with David Johnson, host of CEO Spotlight on KRLD 1080-AM. >>Click here to listen to the August 16, 2022, podcast to learn about upgrades planned for the 282,000-square-foot mixed-use development in Fort Worth’s Cultural District.
Younger Partners Investments Acquires Crockett Row
FORT WORTH, Texas (August 9, 2022) – Younger Partners Investments (YPI) acquired Crockett Row, a 282,334-square-foot urban village with five blocks of pedestrian-friendly Class A retail and office space. Located at the southeast corner of University Drive and West 7th Street, the property sits within the city’s Cultural District just west of downtown Fort Worth…. Read more »
Record Demand for Land in North Texas
The DFW market still expects to absorb an additional expansion of more than 20,000 acres over the next 15 to 20 years, according to Younger Partners’ Robert Grunnah. By Robert Grunnah | January 27, 2022 | 9:00 am As 2021 has now come to a very fascinating and positive end, the North Central Texas land market has experienced… Read more »
Most Active Office Submarkets for 2021 (YTD and Pending Move-ins)
Far North Dallas and Las Colinas are the two most active submarkets. They both have high levels of construction (both recently completed and projects currently underway). For Far North Dallas, JPMorgan Chase has a phase 2 built-to-suit and along with other construction projects in the Legacy area (Keurig Dr Pepper, Reata Pharmaceuticals) and various spec… Read more »
Why so many corporate relocations are coming to North Texas
By CeCe Grosz, Marketing Intern It’s no secret that the Dallas/Fort Worth metroplex boasts a business-friendly tax climate, talented workforce, and profitable market for many industries. But why exactly are we seeing so many businesses relocate to North Texas recently? Adriana Cruz, executive director of Economic Development and Tourism for the Governor’s office, was recently… Read more »
DFW Office Rates Showing First Overall Decline in Asking Rates This Cycle
Asking rates are a lagging indicator to the market fundamentals. After a market downturn, asking rates are not typically significantly impacted until 4 to 6 quarters after the market has shifted. The decline in both direct and sublet asking rates since the end of the second quarter of 2021 should not be surprising as it… Read more »
Top Office Design Trends for 2021
By CeCe Grosz, Marketing Intern Many companies in the Dallas-Fort Worth Metroplex are enjoying the normalcy of returning to the office, with employees once again able to chat by the coffee machine or mingle in the break room. However, some aspects of office design will continue to adapt to the post-pandemic state of the world,… Read more »
Play Ball! Younger Partners Family Day with the Texas Rangers
After skipping a year, the Younger Partners annual Family Day event returned even bigger than before with four homeruns, more $1 hot dogs than we can count, a Rangers win and lots of camaraderie.
DFW Office Deliveries may be high in late 2021, but taper notably in 2022-23
By Steve Triolet, Younger Partners Research Director Recently, we looked at current leasing volume trends in comparison to the historic norm. I thought it might be helpful to take a look at the construction delivery pipeline and what it likely indicates for the future market fundamentals for the DFW office market. The construction pipeline remains elevated at… Read more »
A Look at Office Asking Rates: Class A & B
By Steve Triolet, Younger Partners Research Director DFW office asking rates, overall, continue to look largely unchanged from one year ago. This is especially true in some of the top office markets like New York City and San Francisco, which have seen double-digit rate declines. Rates are a lagging indicator and previous cycles show that most of… Read more »
DFW Office Sublease Trends & Takeaways
Over the past seven months, the 9.5 million square feet of sublease office space available across DFW has been largely stagnant. However, there has been an increasing amount of movement over the past two months. We’ve discovered a few primary trends that have been keeping the total flat. First, there have been short-term subleases with… Read more »
DFW Office Usage Update
By Steve Triolet, Younger Partners Research Director Near the beginning of the year, I shared some info from Kastle Systems on office usage for the top 10 office markets across the country. Back then and now, DFW remains the top market for office usage (office workers being physically back in the office on at least… Read more »
A Breakdown of Available Office Space in DFW
By Steve Triolet, Younger Partners Director of Research A few times a year I show where the highest concentrations of large blocks of space are. In the second chart below, there is an updated breakdown of the 203 Big Blocks of space currently available by size category and submarket. Outside of that update, I wanted… Read more »
Younger Partners Spotlight: Trae Anderson
February’s Younger Partners spotlight is our 2020 Top Producer, Trae Anderson. Trae has been with Younger Partners since its inception almost nine years ago and is a Principal with the company. Trae is an avid golfer, history buff, crossword puzzle lover, and a trivia aficionado. He and his wife of eight years, Rachel, have an almost… Read more »
The Spread Between the Availability Rate and Vacancy Points
By Steve Triolet, Younger Partners Director of Research While most numbers like vacancy, net absorption and asking rates that are reported in our quarterly reports give a current pulse on the market fundamentals, there are a few that can be leading indicators of where the market is heading in the quarters ahead. One of those… Read more »
YP’s 2020 Top Producers
Congrats to the YP Top Brokers for 2020! Top Producers are Trae Anderson, Sean Dalton, Scot Farber, Jack Gail, Tom Grunnah, David Hinson, Ben McCutchin, John St. Clair and Tom Strohbehn. A new award this year goes to the broker who generated the most revenue by working with other YP brokers. Congrats to Michael Ytem… Read more »
D CEO Selects Nine YP Brokers to 2021 Power Brokers List
Congratulations to the Younger Partners brokers who made D Magazine‘s D CEO 2021 Power Brokers list. Included in the list for office leasing are Trae Anderson, Kathy Permenter and Sean Dalton. For land and commercial property sales are Scot Farber, Tom Strohbehn, Tom Grunnah, David Hinson, Ben McCutchin and John St. Clair. See the full list at: https://bit.ly/37PyBKZ
A Look at Office Sublease Terms (How Much Term is Left on the Master Lease)
By Younger Partners Research Director Steve Triolet With roughly 9.5 million square feet of office sublease space currently available, it’s important to take a look at how long the lease terms are for the various sublease spaces. Traditionally, subleases with 2 years or less of term left are very difficult to lease unless a direct… Read more »
Making Your Own Luck in Commercial Real Estate
Playmakers Talk Show Guest for the February 5th edition of PlayMakers Talk Show: Kathy Permenter, Co-Founding Partner, Younger Partners Subscribe to the PlayMakers Talk Show Podcast Kathy Permenter serves as co-managing partner and has a proven track record of creating value for her clients. Kathy is responsible for leasing select assignments and the overall performance… Read more »