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 »
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 »
Sharing our Blessings with Toys for Tots
This year, YP collected new toys, bicycles, scooters and helmets for children from infants to teens for Toys for Tots. This organization’s primary goal is to bring the joy of the holiday season and send a message of hope to America’s less fortunate children.
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 »
How Can Office Rates Still be Rising?
By Younger Partners Research Director Steve Triolet Rates are a lagging indicator, in other words, they often don’t react initially to changing market conditions. Still, over the past few quarters, DFW office asking rates have remained stubbornly high, especially in comparison to other large markets like San Francisco and New York City (which have both… Read more »