Co-Working Dominates Q3 Office Absorption

Of the almost 200,000 square feet of overall office net absorption taking place in the third quarter of 2019, over 90% was directly attributed to co-working companies, including new locations for Common Desk, WeWork, Hana and Spaces, says Younger Partners Research Director Steve Triolet. While this level of concentration is not expected to carry over… Read more »

Kathy Permenter Featured on KRLD CEO Spotlight

Younger Partners Co-Managing Partner Kathy Permenter made her radio debut Aug. 23 on KRLD CEO Spotlight, hosted by David Johnson, on KRLD 1080-AM. Kathy talked about the newly released third edition of The Book, which details the historical landscape of North Texas real estate. Listen to the interview here. #YoungerPartners#WhatWeAreMadeOf#MadeOfLeaders

Now Available: The Latest Incarnation of “The Book”

A who’s who of commercial real estate leaders gathered Wednesday at Turtle Creek Park for a celebration honoring the release of the third edition of “The Book.” Filled with stories of perseverance and innovations, “The Book” highlights the developments and the legendary figures whose extraordinary vision and real estate prowess shaped North Texas. Among the… Read more »

What Does the Future Hold for DFW Infrastructure

Dallas-Fort Worth is one of the fastest growing metropolitan areas in the U.S. With that comes growing pains, especially in infrastructure. In the coming weeks, Younger Partners is exploring the various infrastructure options and how they will impact the region. We’re starting off with two planned light rail projects, the Cotton Belt and the D2… Read more »

CRE Veteran Jerry Averyt Joins Younger Partners

Younger Partners welcomes CRE veteran Jerry Averyt to the brokerage team. He comes to Younger Partners from Henry S. Miller Brokerage, where he served as senior vice president in the office and industrial division. He worked with clients in both office and industrial areas as well as in investment properties and land sales. “I’ve known… Read more »

New Park Expanding Dallas CBD Community

The Dallas CBD has seen a surge of projects that should help continue to transform it from a traditional office center to a live-work-play district with an abundance of amenities to draw people back into the urban core. One of these prominent, community-driven projects is the development of Pacific Plaza. This project has been in… Read more »

Is DFW Overbuilding Big Blocks of Office Space?

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 »

YP’s Moody Younger Talks Office in DFW Bisnow

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 »

Long-Term Look at the DFW Office Market

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 »

Garrett Marler Awarded Bob Edge Scholarship

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 »

Making Deals Work

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 »

YP Research: DFW Office Sublease Space Trends Down from All-Time High

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 »

CRE Veterans Scot Farber & Tom Strohbehn Join YP

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 »

YP Goes Blue for World Autism Awareness Day

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.