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D-FW office building market still fighting COVID declines

D-FW office building market still fighting COVID declines
Net office leasing in North Texas falls by another 2 million square feet.
About 5 million square feet of office space was under construction in D-FW at the end of the first quarter.(JUAN GARCIA / 137561)
The COVID-19 pandemic still had a stranglehold on the North Texas office market in the early months of 2021.
Net office leasing in the Dallas-Fort Worth area declined by another 2 million square feet in the first quarter, according to the latest data from commercial property firm Cushman & Wakefield.
The decline in office occupancy in the area came in spite of a recent uptick in building leasing activity. ....

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DFW's Biggest Office Market Challenge: Sublease Space

Cushman & Wakefield’s tenant advisory group executive Robbie Baty shares perspectives on what to expect in the months ahead. ....

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Cushman & Wakefield Names New Office Tenant Representation Leader

Cushman & Wakefield Names New Office Tenant Representation Leader
Plus: STRIVE promotes Power Broker Adam Gottschalk; The Peak Group hires new leader; Huffines Communites promotes two to executive suite; and more.
Robbie Baty
Cushman & Wakefield top producer Robbie Baty has been promoted to lead the firm’s Office Tenant Representation practice as executive managing director a newly created position.
With 16 years of office tenant representation experience, Baty has been behind several top deals over his career, most recently serving as the leaders behind a team that orchestrated four separate transactions with 12 different companies to move Denbury’s headquarters into 104,841 square feet at Legacy Union. Additionally, two client build-to-suits spearheaded by Baty broke ground in 2020: PGA of America’s new 106,000-square-foot headquarters building in Frisco, Texas, and Transplace’s 150,000-square-foot Center of Excellence in Rogers, Arkansas. ....

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Deal Ticker: M2G Ventures Ends Year With Rapid Pre-Leasing of Historic Fort Worth Building

Deal Ticker: M2G Ventures Ends Year With Rapid Pre-Leasing of Historic Fort Worth Building
Plus D.R. Horton plans $150 million development, Plano tech firm Edge Communications downsizes office footprint, and more.
Share your top deals by emailing Real Estate Editor Bianca R. Montes at [email protected].
M2G Ventures wrapped up the year with the transformation of PROOF, a 40,665-square-foot building at 901 W. Vickery Blvd. in Fort Worth. Despite the whirlwind of 2020, this coveted mixed-use project is 72 percent preleased, landing a corporate relocation, a boutique bowling concept, and one of the largest female-owned personal injury law firms in the country. ....

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Plano tech firm Edge Communications reduces headquarters space with new lease

Plano tech firm Edge Communications reduces headquarters space with new lease
The company is downsizing its offices in Legacy business park as its workforce works remotely.
Edge Communications is a tenant in the Tollway North Office Park on Windcrest Parkway near Preston Road.(KBS)
A Plano high-tech firm is revamping its operations with a new office lease deal.
Edge Communications Solutions has cut the footprint of its offices in Legacy business park by about a third with a new lease.
“They had 30,000 square feet and they had their people working remote,” said Mike Wyatt, executive managing director with commercial property firm Cushman & Wakefield. “We right-sized them to approximately 21,000 square feet.” ....

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