Category Archives: Dallas Office Space

Top 10 Metro Areas with Biggest Office Rental Rate Increases

REALTORS® office vacancy graph

REALTORS® office vacancy chart

In the second quarter of 2015, the Seattle metro area — which includes the urban areas in King and Snohomish counties — led the nation’s metro markets in in office rental rate annual increases. While Seattle’s office rental rate increases are high, they are not the only office market in the US seeing significant increases in their office rental rate increase.  Here are the remaining top 10 with the highest annual Office Rental Rate increases.

  1. Seattle 7.2%
  2. San Francisco 6.3%
  3. San Jose 5.9%
  4. Dallas 5%
  5. Boston 4.8%
  6. New York 4.8%
  7. Orange County 4.8%
  8. Miami 3.9%
  9. Austin 3.8%
  10. Philadelphia 3.7%
    Source: Reis via the Seattle Times

While these steep increases of the office rental rate for the top 10 markets are very sharp, thanks to declining supply, the rest of the office markets in the US are also seeing steady declines in the vacancy rates, as well. A recent report on office space rent by the National Association of REALTORS® confirmed that in the 2nd quarter of this year, office vacancies declined 65 basis points to 15.9 percent, compared with a year ago. This will lead to increases in the office rental rate generally throughout the US office markets.

For tenant’s this means it is better not to wait. Rents will be going up over at least the next year or two until more new construction comes on line. Even then, due to the cost of construction, rents will most likely not decline from the highs achieved. This is especially true in the more desirable office buildings in your market. So, don’t delay or you will see your office space costing even more than it does now.

If you would like some free assistance in locating office space, the top professionals at Office Finder are here to help. Feel free to contact us to find out more.

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Office Space in Dallas With Stellar Interiors

When it comes to office space in Dallas and the Fort Worth area, there are plenty of innovative architectural buildings to admire. What’s less often seen by the public are the innovative office space interiors in those buildings. Today we want to share with you some bright and interesting features of two great Dallas office spaces.

Publicis Dallas

This advertising and branding agency recognized the importance of collaboration in their industry and created a single, unified space that runs the entire length of the building, much of which is also three stories high. Light streams in from floor-to-ceiling windows, and window seats create ad-hoc workspaces for those who want to get closer to the light. Lamps are strategically placed for working on darker days or later hours.

For larger meetings and teaching moments, they’ve created a set of light oaken bleachers, while brainstorming and meetings take place in war-room “yurts.” Open workstations run the entire length of the office space, and an always-active “media tunnel” is the figurative backbone of the office, displaying live video feeds at all times. Recycled materials, eco-friendly paint and motion-sensor lights are some of the environmentally friendly aspects of this modern, energetic workspace. See their video about their office space.

Experian

This credit information company designed its workspace with opportunities for connection in mind. They created a central area, called the Experian Circle, and all hallways end there. There is an abundance of group seating areas, with couches, comfortable chairs, and curved seating banquettes to encourage casual conversations and informal meetings.

Light is a particular focus in Experian’s offices, since many of the work areas have no windows or natural light. To compensate, false windows, which double as seating nooks, were created with hidden light fixtures that mimic natural light. Recessed lighting also highlights the textures and various patterns and soft colors of the wall coverings and paint which brighten these gathering spaces.

See more on both of these interiors at The Coolest Offices in Dallas-Fort Worth

If you’re looking for innovative office space in Dallas, that make the most if light and interactive spaces, contact us today. We’d be happy to help!

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By: James Osgood
OfficeFinder