Middle Market Digest: This Week in the South and Mountain Regions

Of the major metros, only Atlanta and Washington DC are at a lower volume than Dallas’ office market, with a volume of $4.11 billion and $4.14 billion, respectively, compared to Dallas at $4.46 billion, according to data from Real Capital Analytics and CoStar. However, Dallas comes in second only to Los Angeles on the top 10 US cities by transaction volume with Los Angeles at 336 and Dallas at 196. Transwestern says markets with sustainable job creation and industries will continue to see high demand, such as biotech, high tech, education, healthcare, financial services, energy, which Dallas has in spades. According to Transwestern’s analysis, Dallas has a diversified economy with growth in multiple industries combined with relatively low cost of living, finance, information technology and healthcare. This attracts major companies to relocate headquarters or regional headquarters, in turn attracting ancillary businesses, which is happening on a widespread basis. Dallas has especially attractive urbanized suburban locations with live/work/ play elements and walkability. Its sound office fundamentals are driving up rent and lowering vacancy.—Lisa Brown

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