West LBJ Commercial Real Estate Market
Fundamentals in West LBJ have improved significantly this cycle. However, vacancies are back on the rise, as the submarket has seen negative absorption over the past few quarters.
Rent growth has also weakened recently. However, if demand improves, rent growth could stand to pick up once again, since the submarket is unlikely to see new supply anytime soon.
The West LBJ Freeway Submarket has seen little office development in recent years, which is likely to remain the case, even with the new LBJ Express lanes drastically relieving highway congestion in the area.
There are two major office nodes in this submarket, one at the Centre Office Park, and the other near the intersection of the LBJ and Stemmons freeways. The majority of the inventory in the submarket is class B and C stock built in the 1980s.
Property types are as follows:
Office 88 Buildings/5.3 MSF
Warehouse 180 Buildings/8.9 MSF
Medical 9 Buildings/336 KSF
If you would like building specific information fill in our Free West LBJ 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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