KBS Signs New Leasing Agreements with National, Regional and Local Tenants at 427,799 Square-Foot Office Property in Dallas, Texas
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Wednesday, June 22, 2022
Commercial Building & Real Estate, Construction & Property, REIT, Preston Center, Dallas, SoulCycle, Heart, Population, Building Owners and Managers Association, Tenant, Dallas North Tollway, Securities Exchange Act of 1934, KBS, Merz, Dallas–Fort Worth metroplex, Dallas, Commons, BOMA, Securities Act of 1933, Jérémy Cordoval, Ownership, CBRE, William P. Hobby, Jr. State Office Building, Health, SEC, Wi-Fi, Ethics, Preston, No, Multimedia, Renovation, Property management, Gutta-percha, Renewable energy, Lease
KBS recognizes the solid job infrastructure of the Dallas/Fort Worth market, making this an attractive area for industry-leading companies to expand, says Cordoves.
Key Points:
- KBS recognizes the solid job infrastructure of the Dallas/Fort Worth market, making this an attractive area for industry-leading companies to expand, says Cordoves.
- From February 2020 to November 2021, Dallas experienced a job growth rate of 4.1%, placing the area at No.
- In addition, positive net absorption in Dallas office sector is laying the groundwork for further stabilization throughout 2022.
- The new lease agreements at Preston Commons are indicative of the way that the Dallas office market has continued to lead the country in returning to the office, notes Cordoves.