Office Space: Downtown Dallas is Just Plain Hot These Days

Downtown dallas is just plain hot these days. Developers and corporate executives are scrambling for every available square foot of high-end, status-symbol office space—especially anything associated with the burgeoning Arts District. What’s more, it’s the big names who are jockeying for position in the Central Business District: Comerica Bank, 7-Eleven, and Fireman’s Fund Insurance Co. are among the giants casting shadows in the downtown loop. In fact, the CBD had 400,000 square feet of positive absorption inside the downtown loop in the second quarter alone —that’s almost 40 percent of all the positive office-space absorption in the entire Dallas-Fort Worth market during the period.

Here, the vitals on five key projects expected to be delivered in the downtown and Uptown areas by Spring 2009.

ONE ARTS PLAZA 1722 Routh St. at Flora St. 651,744 square feet 24 stories Delivery Date: June 2007
TEXAS CAPITAL BANK BUILDING 2000 McKinney Ave. 507,000 square feet 20 stories Delivery date: September 2008
ROSEWOOD COURT 2101 Cedar Springs Rd. 421,000 square feet 19 stories Delivery date: May 2008
ONE VICTORY PARK 2323 Victory Ave. 445,000 square feet 20 stories Delivery date: August 2008
SAINT ANN COURT 2501 N. Harwood St. 314,279 square feet 26 stories Delivery date: Spring 2009