Downtown Dallas, while a small geographical area, is comprised of over 30,000,000 SF of Office Space.

The Arts District:

The Arts District area of Downtown Dallas contains buildings within close proximity to the Arts District and along Ross Avenue. This segment of the Downtown office market is categorized with the lowest vacancy and correspondingly, the highest rents within the “loop” averaging around $28/SF. Following the development of Klyde Warren Park, which has narrowed the gap between Downtown and Uptown, many view The Arts District as an extension of Uptown. Hot restaurants in the area include Stephan Pyles which is relocating to KPMG Plaza at Hall Arts in 2016 and Dakota’s at Ross Tower named after the dakota stone used to construct the building. Office users searching for blocks of space over 20,000 sf who are not willing to pay the premiums associated with brand new office product, can find large vacancies in Class A buildings in this area of Downtown. In addition, their employees will enjoy close access to food trucks, free workout classes and other free activities that Klyde Warren Park offers.

The Central Core:

The Central Core is the area that comes to mind when many people think of Downtown Dallas. This area contains iconic buildings such as Comerica Bank Tower and Thanksgiving Tower. While the Central Core leasing typically lags behind Arts District levels with average rents hovering around $20/SF, office users will enjoy a closer proximity to the DART Rail and a variety restaurants from The Dallas Chop House to more casual options such as The Woolworth. Companies officing in the Central Core also have access to many of Downtown Dallas’ Parks such as Main Street Gardens, home to many events throughout the year such as The Homegrown Music Festival, Smoked Dallas BBQ Festival and City Lights during the holidays. In addition, The Central Core has many hospitality options for guests such as Tim Headington owned The Joule Hotel as well as historic upscale options such as The Adolphus. Easy access to restaurants, green space, and hotels makes the Central Core a prime consideration for office users looking for amenity rich office buildings at a lower price point than the Arts District or Uptown. While you’re there, stop and see the Giant Eyeball in between Main and Elm Streets.

The Western Core:

The Western Core includes buildings quintessential to the Dallas Skyline such as Dallas’ tallest office building, Bank of America Plaza and Renaissance Tower. Historically, the buildings in this market have a very high concentration of law firms due to close proximity to the Dallas Courthouses. Office users will enjoy some of the largest buildings in Downtown with extensive tunnel system retail and food courts. In addition, 16,000 sf of restaurant space in front of the Omni Hotel will be completed in 2016 and will include Biergarten, Coal Vines, Hererra’s and Little Katana. The new retail combined with the renovation of the former Belo Building, 400 Record, have really brought resurgence to this sector of Downtown.

The West End:

The West End market of Downtown Dallas is primarily comprised of old early 1900’s warehouses that have been converted to office space. While some traditional businesses such as law firms occupy space in the West End, the area is home to many business incubators and co-working spaces such as The DEC and The Grove. The style of building is non-typical with design elements such as exposed brick, stained concrete floors and repurposed wood. For that reason, The West End is very popular with tech companies, creative firms and other companies who desire non-typical/creative office space. The area has DART Rail access, is home to popular tourist attractions such as the Sixth Floor Museum and Dealey Plaza and has walkable dining options such as The Palm, YO Steakhouse & Hoffbreau. The market for non-typical space has gotten very tight which has caused an increase in rental rates and very low vacancy in this neighborhood. The most anticipated new development is Granite’s Factory Six03 which is the redevelopment of the West End Marketplace scheduled for completion in Fall of 2016.

Deep Ellum/Fair Park:

The Deep Ellum/Fair Park area has gained popularity recently as more companies desire non-typical office space. The largest owners in the area are 42 Real Estate, Westdale, Madison Partners and The Gibson Company. While there is still some vacancy in the area, opportunities for office users are limited due to the desire for a retail resurgence in Deep Ellum. Popular retail destinations include The Angry Dog, Pecan Lodge, Trees concert venue, and the Twilight Lounge. Office users can expect less amenities within their building and leases that have many differences compared to a full service office building. New developments such as The Epic will increase office supply in the area.