By Younger Partners Director of Research Steve Triolet On a regular basis, I get asked why is the market building so much office product in the Dallas/Fort Worth market? Our total vacancy rate typically runs twice or more the national average and yet our construction pipeline is greater than almost every other major office market… Read more »
One-Quarter Of All U.S. Office Construction In The Past Decade Was In Texas July 8, 2019 Kerri Panchuk, Bisnow Dallas-Fort Worth Texas metropolitan areas have been leading the nation in office construction and have no reason to pump the brakes on future construction projects since demand only continues to grow, a new report from CoStar… Read more »
Younger Partners’ Kathy Permenter and Robert Grunnah serve on the NTCAR Hall of Fame Committee and saw the past year’s work come to fruition on April 30 at the Hall of Fame induction ceremony. Here are snapshots of them with their CRE colleagues at the event which honors DFW CRE pros for their outstanding contributions… Read more »
By Steve Triolet, Younger Partners Director of Research As we close in the end of the second quarter of 2019, I’d like to show a chart which shows a larger, longer term look at the DFW office market and where some key fundamentals stand. Currently the total vacancy rate is at 16.5%, which while not… Read more »
Younger Partners Broker Garrett Marler was selected as a recipient for the 2019 Bob Edge Scholarship. The Bob Edge Scholarship Fund promotes the profession of real estate while honoring Robert T. “Bob” Edge, who was one of the most active brokerage professionals in the country. The Bob Edge Scholarship Fund was established in 2004 to recognize Bob… Read more »
It has been almost a month since FightNight XXXI and ICYMI, more than $1.4 million was raised for the TREC Foundation and its good works. Kudos to Younger Partners Co-Founder Moody Younger for his efforts as the FightNight Chairman for the event’s 25th anniversary. Here is a look at some of the FightNight photos featuring… Read more »
One of the lesser used metrics of a market’s overall office fundamentals is the level of discount that sublease space needs to be reduced in order to compete with direct space, says Younger Partners Director of Research Steve Triolet. This discount rate can vary dramatically by submarket, with the overall vacancy and the number of… Read more »
TREC Fight Night 2019 was a knock-out evening. Younger Partners Co-Founder Moody Younger (and Fight Night chairman) sparred with the Dallas Stars’ Victor E. Green and hung out in the ring with Dallas Stars legend Marty Turco, as well as many DFW CRE greats. Here are just some of the event highlights.
By Steve Triolet, YP Research Director In late 2018, the amount of DFW office sublease space reached an all-time at just under 7 million square feet. In early 2019, however, several large sublease transactions have brought that number down significantly where it currently stands at 5.8 million square feet. This is a good, healthy sign… Read more »
Dallas-based commercial real estate firm Younger Partners welcomed CRE veterans Scot Farber and Tom Strohbehn to lead a new capital markets team. They will serve as managing principals effectively immediately. The duo comes to Younger Partners from Cushman & Wakefield of Texas Inc. where Farber served as Executive Managing Director and Strohbehn was Senior Financial… Read more »
Today we #LightItUpBlue for #WorldAutismAwarenessDay. The YP crew sported blue to show our support for increasing understanding and acceptance of people with autism. We also wear blue to support creating a more inclusive world for people like, Dylan, the son of YP’s Tonie Auer.
Younger Partners Property Services was awarded two new assignments at the 61,000-square-foot Forest Central 1 in Dallas and the 142,000-square-foot 800 W. Airport Freeway in Irving. Effective date of takeover was March 1. “We are continually expanding our relationships with owners,” says Greg Grainger, president of Younger Partners Property Services. “These two new assignments are… Read more »
YP’s Co-Founder Moody Younger is bullish on the Dallas CRE market because of the pro-business environment, ease of starting and growing a business here and the inbound demographic growth. He was among a top-notch panel of CRE experts at NTCAR’s quarterly membership meeting today at the Frontiers of Flight Museum. Moody says while the office… Read more »
We are thrilled to announce that Younger Partners has moved up the rankings to No. 12 (from No. 16 in 2018) on DBJ’s list of the biggest North Texas Commercial Real Estate Brokerage Firms. See the full list here.
Dallas/Fort Worth is in a construction boom: between 2015 and 2018 almost 23 million square feet of new office inventory was completed with an additional 7.1 million square feet currently underway, says Younger Partners Director of Research Steve Triolet. All of these numbers are among the highest in the United States for the respective time… Read more »
Congrats to YP’s D CEO RealEstate Power Brokers for 2019: Trae Anderson, John St. Clair, Sean Dalton, Ben McCutchin, Byron McCoy, and Michael Ytem.
Younger Partners’ Co-Founder Kathy Permenter led a round-table discussion at #NTCAR’s first DFW Office Academy event Thursday evening at Park District Dallas. Kathy was among an illustrious group of #commercialrealestate experts leading the talks. #brokers#office#dallasoffice
TREC featured Younger Partners Co-Founder Moody Younger in its Member Spotlight. Moody will serve as the Fight Night 19 Chairman. FightNight is the real estate industry’s premier philanthropic event, with opportunities to reconnect with friends and colleagues in a fun Vegas-style environment right here in Dallas. We are blazing a new trail this year with… Read more »
FEBRUARY 06, 2019|CRAIG DONAHUE New York Investment Firm Buys Arlington Commons A New York-based investment firm purchased a 353-unit apartment complex in Arlington, Texas, dubbed Arlington Commons, for an undisclosed price. The Praedium Group acquired the complex from The Nehemiah Co., which developed Arlington Commons. Nehemiah broke ground on property in 2016 and completed construction… Read more »
FEBRUARY 05, 2019|MARK HESCHMEYER Big Money Enters Race for Opportunity Zone Investments Private Equity, Institutional Funds Are Likely to Drive Property Pricing, Market Selection Markets with the most opportunity zones, such as Chicago, are areas that are likely to be on the receiving end of a substantial amount of new investment. Image: Lisa Blue Large… Read more »