Office

Apartment List's national index has stabilized back to a more typical trend during the past few months, i.e., rents fell by 0.5% this month, which is consistent with rental trends going back three years.

Aerospace manufacturer Bell Textron recently signed a long-term 109,187-square-foot lease for the entire four-story building at 4151 Amon Carter Blvd. that formerly housed the American Airlines Federal Credit Union.

The global data intelligence company secured the space in Douglas Development's Woodies Building, after tripling in size during the pandemic.

While year-to-date deal activity across all the top markets diminished amid the COVID-19 crisis, Dallas simply dropped less than other heavyweight markets such as Manhattan and Los Angeles.

Since the pandemic began, employees have been reluctant to return to the office and risk COVID exposure.

Even with some challenges, companies may find that market conditions and availability of sublease space could provide opportunities to elevate and explore future options at a reduced overall investment.

At a sale price of $275 million, Cupertino-based developer Hunter Properties recently disposed of Phase I of Coleman Highline, a 1.75 million-square-foot mixed-use campus.

Hewlett Packard Enterprise Co. will move its headquarters to Houston, where the company is already building a new campus.