Frisco office space

FRISCO, TX—The overbuilt and bustling central business districtsleave little room for new construction, consequently, investors areshifting focus towards the suburbs, where vacant land is stillavailable and the potential for large-scale development is bigger,according to RentCafe. Close to35 million square feet of office space will be delivered to the USsuburbs in 2018, compared to 24 million square feet underway inurban areas and 15 million square feet headed for the CBDs.

Frisco is set to land the second largest amount of office deliveries in Texas, increasingits existing inventory by 29% with 1.32 million square feet ofcompetitive office space. The Dallas office pipeline for next yearmakes the top 20, but its forecasted 1 million square feet ofoffice space will only increase the city's inventory by 1%. Spring,TX will add 680,000 square feet of competitive office space to its20.3 million square feet inventory, outranking both Addison, TX andPlano, TX, and increasing its inventory by 25%.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.