Preston Center Commercial Real Estate Market
Fundamentals in Preston Center are strong. Occupancies are well above the metro average and are likely to remain that way due to the land constraints unique to this submarket. Furthermore, the rare new-builds in the submarket are typically met with relatively strong demand.
Rents rank second highest in the metroplex, and rent growth has outpaced the metro average over the past few years.
Over half of the office inventory in the submarket is within Preston Center itself, situated in the southeast corner of the Dallas North Tollway and Northwest Highway.
Institutional investors are active here because the bulk of the inventory is class A product and this area has relatively stringent barriers to new supply.
A large portion of the tenant base in Preston Center is made up of financial and professional services firms, as the submarket's location gives companies access to the highly educated labor pool in the immediate area.
Property types are as follows:
Office 154 Buildings/6.2 MSF
Warehouse 12 Buildings/246 KSF
Medical 28 Buildings/1.8 MSF
If you would like building specific information fill in our Free Preston Center 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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