East LBJ Commercial Real Estate Market
The East LBJ Freeway Submarket divides northern Dallas from the suburbs of Addison and Richardson. Although it is one of the smallest submarkets by land area, it is one of the densest in the metroplex, ranking in the top five for total office inventory.
The average building size in the submarket is over 100,000 SF, the third-largest in the metro behind the Dallas CBD and Urban Center/Wingren in Las Colinas. The majority of tenants here are related to finance, insurance, real estate or business services.
Half of the buildings in the East LBJ Freeway commercial market have class B ratings and most of that is 80's era inventory. Therefore, top-of-the-line properties are more competitive with assets in Central Expressway or Quorum/Bent Tree rather than the newer properties in Uptown or Upper Tollway/West Plano.
This submarket has struggled for some time, with vacancies trending well above the metro average for decades. However, fundamentals have improved in recent years, as has rent growth.
New supply is non-existent in East LBJ, and the submarket is more likely to see a reduction in office inventory than an increase due to conversions or demolitions. If you are looking for a low rental rate then the East LBJ commercial market should be on your decision list. Value transactions are common, and pricing is low.
Property types are as follows:
Office 171 Buildings/17.6 MSF
Warehouse 1,686 Buildings/76.4 MSF
Medical 0 Buildings/0 SF
If you would like building specific information fill in our Free East LBJ Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your East LBJ Freeway commercial space.
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