While the buildings, in general, are not as new, the amenity base is often equal or greater than some of the newest options. Chase Tower, for example, has a brand new fitness center, gorgeous shared conference facility in their sky lobby, not to mention, the Petroleum Club. All of these items are impressive for employees and guests alike. Additionally, one can argue that the building is just as well-known and prestigious as many new Uptown options. The building is currently quoting $33-$36/SF +Electricity; that ~$20/SF savings will go a long way over a 5-10 year lease term.
It is understandable that certain companies will highly benefit in areas of recruiting, employee retention, prestige, etc from leasing space in the newest, nicest buildings. However, most tenants looking for space in Uptown need to make sure they do not discount Downtown Dallas, namely, the Arts District as a very viable option for their business. The gap between Uptown and Downtown is shrinking daily and people who have not considered Downtown in the past need to understand that the entire area is changing. As occupancy continues to increase in the Uptown submarket, Downtown will continue to be a solid alternative for companies looking for a live, work, play environment or those seeking rental rates that are not the highest in Dallas.