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 »

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 »

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 »

Younger Partners Investments Acquires Grocery-Anchored Shopping Center

Younger Partners Investments (YPI) completed its first retail acquisition: Heath Town Center, a 77,669-square-foot grocery-anchored retail center at FM 549 and Laurence Drive in Heath. YPI is Younger Partners’ newest platform designed to acquire retail properties. YPI was launched in July 2020 to target retail properties from lifestyle to neighborhood centers throughout the Dallas-Fort Worth… Read more »

YP Spotlight: Elaine XU

YP’s January Spotlight is broker Elaine Xu, who focuses on land, industrial, office buildings and investment properties. The three-year YP veteran appreciates the teamwork and insightful mentors Younger Partners has to offer. She enjoys that every deal is different with much to learn from each one – from strategic thinking to negotiation tactics. On weekends,… Read more »

YP Spotlight: Byron McCoy

Our December #YPSpotlight, Byron McCoy, is one of the nine partners at Younger Partners. He joined the company six years ago and focuses on third-party agency leasing and some sales transactions. Byron says what he enjoys most about his role is that every day, every transaction and every client is different. Getting a property to full occupancy… Read more »

DFW Office Sublease Space is Near a 5-Year Supply

By Younger Partners Research Director Steve Triolet It’s not really new that office sublease space across the US has been rising rapidly over the past 6 months. Dallas, like many markets, are seeing all-time highs. Currently, DFW has just under 9.3 million square feet available with some larger blocks likely to hit the market before year-end (Pioneer… Read more »

YPPS Takes Over Renaissance Tower Property Management

Younger Partners Property Services will take over the property management for the 56-story, 1,738,979-square-foot Renaissance Tower at 1201 Elm St. in Downtown Dallas effective Sept. 1. The Class A trophy office tower, located in the heart of the Dallas Central Business District, is a Dallas landmark known for its distinctive double “X” lighting and majestic… Read more »

The Spread Between the Availability Rate and Vacancy Points to Continued Negative Absorption Over the Next Few Quarters

With most properties taking roughly two years between breaking ground and occupancy, the construction pipeline takes time to shift from changing market conditions.  Still, I think it is informative to see how the various property types have changed over the past few years, along with some data on the current under construction pipeline. As you… Read more »