Recent Retail Leases In Dallas

By Author: Patrick Oconnor
Total Articles: 42
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Real Estate remarks a measurable change in the market conditions prevailing in Dallas. The retail occupancy has shown some upward as well as downward movement in the recent quarters. The occupancy shows an increase of 1.2%, when compared to the previous quarter. When compared to the second quarter 2011, the market value also increased by 1.7%. Overall rents stood at $1.20 per square foot, a decrease of $0.03 per square foot over the previous quarter and a decrease of $0.06 per square foot, when compared to the second quarter of 2011. Some of the recent offices leases recorded in the Dallas market area include:

In August 2012, Sleep Experts has leased 4305 square feet at Shops at North East Mall, a 368,000 square foot community center located at 800-801 North East Mall Boulevard in Hurst, Tarrant County from Simon Property Group. Prior to the lease, 13-year-old center was vacant. The two building center located just west of Pipeline Road and Northeast side of Mall Boulevard. The center has access to both West Pipeline Road and Northeast loop 820 through the West Cheryl Avenue and Arcadia Street. The multi-tenant property ...
... is situated on 15.07 acres. The center was built in 1999 and the rent type is triple net. According to the appraisal district records, the total assessed value is $1.9 million. Bryan Cornelius and Jim Dunn of Venture Commercial represented the tenant, while the landlord was represented in-house.

Another significant lease for the month was at 3606-3614 Greenville Avenue. Green Grocer has leased 4,000 square feet at 3606-3614 Greenville Avenue, a 17,000 square foot retail building located at 3606-3614 Greenville Avenue in Dallas, Dallas County from Granada Plaza LLC. The 72-year-old building is 73.7% occupied with average rents at $2.50 per square foot. The building is located in along west of Greenville Avenue and north side west of Martel Avenue. The center has access to Greenville Avenue, Martel Avenue and Penrose Avenue. The single tenant property is situated on 0.68 acres. According to the appraisal district records, the total assessed value is $ 2.73 million.

The Market Research and Consulting division of O’Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail space leasing, Dallas Retail Space To Lease Houston office space leasing, Dallas industrial leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Dallas Retail Space For Lease Austin apartments, and San Antonio apartments. Real estate decision makers need timely market data to make informed decisions. It provides insights regarding construction, proposed projects, absorption, and occupancy and rental rate trends. O’Connor and Associates has been providing real estate data since 1988. Both internal and external clients regularly use our real estate market research.