Grand Prairie Commercial Real Estate Market
Grand Prairie’s inventory, like that of other Mid-Cities office submarkets, is predominantly older and of middling quality. Grand Prairie lacks the dynamism of the northern Dallas suburban submarkets, and very few leases are signed here annually.
Only one significant lease has occurred in the first half of 2019, Fintech company, CO-OP Financial Services, signed a 108,000-SF lease in Campus at CenterPort.
This submarket contains the current American Airlines headquarters, though the company will move to its new campus in the HEB/Mid-Cities Submarket, just west of Highway 360, with an expected delivery of late 2019. The large reduction of space in early 2018 was due to the demolition of the office portion of the Dallas Global Industrial Center, which is being redeveloped into a new industrial park.
Rents were slow to recover from the downturn here and didn't reach their prerecession peak until 2014. Growth has roughly equaled the metro average in recent years, and rents are more than 15% above where they were before the recession. While sales volume has picked up in recent years, inventory turnover is typically about as slow as leasing activity.
Property types are as follows:
Office 153 Buildings/4.6 MSF
Warehouse 430 Buildings/45.7 MSF
Medical 13 Buildings/200 KSF
If you would like building specific information fill in our Free Grand Prairie Commercial Space Report and submit it to us. We will respond quickly with valuable building information that you can use to locate your commercial space.
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