At last count, the 600 permanent showrooms were pushing 98% occupancy for class A spaces averaging 1,000 sf. On the average, leases are being cut with three-year terms at rates of $23 per sf to $24 per sf. The buyers' registry for the upcoming event is "up 10% over a year ago largely because of what we're doing here as it relates to new space," Bill Winsor, president and CEO of the Dallas Market Center, tells GlobeSt.com.
FashionCenterDallas is the 21st Century's version of the 21-year-old International Apparel Mart, with its 1.8 million sf under review for redevelopment as the star-studded clientele readies for the move into a wholesale marketplace with the pizzaz of the most famous of international runways.
"We anticipated some loss with people moving to the World Trade Center, but we had an expansion so we took down more space than planned," Winsor says. Construction, which began May 15, is on track for the March 25, 2004 ribbon-cutting.
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