Avison Young in Dallas
Avison Young launched its Dallas commercial real estate office in July 2011, which now offers tenant representation, agency leasing, capital markets and project management for local and global clients. The Dallas real estate location provides Avison Young with a strong North Texas presence for office, hospitality, industrial, investment sale, and lease transactions.
With Avison Young offices across the globe, our Dallas real estate brokers work closely with colleagues in Houston, Calgary and Edmonton on energy-related projects and more. Whether you are an owner, investor, occupier or developer located in DFW or across the country, our Dallas brokers can help you identify office space for lease or investment property for sale. Avison Young’s collaborative business model delivers results and provides full-service DFW commercial real estate solutions for your organization, making us one of the top Dallas commercial real estate companies.
Led by 15 principals, our Dallas team has leased over 4 million square feet (msf) of office space with a total deal consideration of over $9.4 million over the last two years.
|Transaction Management||Landlord Representation||Real Estate Development|
|Tenant Representation||Capital Markets||Project Management|
|Consulting and Advisory||Mortgage Services||Design Management|
|Facility Management||Investment Sales||Construction Management|
|Project Management||Investment and Asset Management|
|Enterprise Solutions||Project Management|
Founded in 1841, Dallas, a major inland port located in North Texas, plays a vital role in the U.S. economy. DFW serves as an international industrial gateway. Its internationally-renowned transportation infrastructure includes the world’s third-largest airport; an industrial airport that ranks as the first of its kind anywhere on the globe; major rail links; and major highways, linking the DFW metroplex to the rest of the continent.
As one of the largest and fastest growing metropolitan regions in the U.S., the Dallas-Fort Worth area benefits from a growing population base of over 7.3 million; a highly-educated, diverse labor pool; a robust and resilient economy; and innovative industries. The DFW region also contains the third-highest concentration of Fortune 500 companies in the U.S. It serves as the corporate headquarters for companies such as AT&T, American Airlines, ExxonMobil, JCPenney, PEPSICO, Southwest Airlines, Texas Instruments, Tenet Healthcare, Kimberley-Clark and GameStop. Major industries operating in the area include: energy, aerospace, banking, telecommunications, computer technology, healthcare, medical research, transportation and logistics.
The DFW commercial real estate market embodies many of the region’s excellent features and strengths. The office, retail and industrial sectors rank among the largest in the U.S., attracting billions of dollars’ worth of international investment from Brazil, Russia, India, China and other global regions.
The Dallas commercial real estate market comprises over 270 million square feet (msf) of office space. Dallas office space ranges from large multi-tenant buildings in central business districts to suburban office parks. The largest office occupiers include banking, energy, aerospace, technology and telecommunications firms. Over 20 Fortune 500 companies maintain their corporate headquarters in DFW, occupying large spaces across the growing metroplex.
DFW’s population boom is fueling demand for Dallas industrial real estate, particularly for e-commerce suppliers as online shopping grows in popularity. The Dallas metro has world-class transportation access via air, rail, and highway, making DFW an ideal location for warehouse and distribution properties. Due to continued industrial demand, construction activity has reached historic highs. Construction is particularly active in South Dallas along I-20 where major businesses have signed large leases in recent years.
The DFW investment real estate market is enhanced by several state and local incentive programs that include tax abatements, long-term tax exemptions and free trade zones. Institutional investors—including pension funds, private-equity funds, REITs and public companies—are attracted to Dallas investment property because of the metroplex’s large market size, high income and employment levels, numerous trophy-class properties and wide range of investment-grade assets.
The DFW region has a robust hospitality market able to accommodate large groups and conferences. According to the Dallas Regional Chamber, DFW is the most visited metropolitan area in Texas, and tourism remains a major economic driver for the region. Dallas continues to grow as a corporate location, drawing an increasing number of business visitors each year. The 12,661 accommodation establishments employ over 280,000 people in the Dallas market as of 2017. Hotels range from budget to luxury, with numerous options available within 15 minutes of the Dallas Fort Worth International Airport.
The DFW retail sector is one of the most vibrant in the United States. Availability of DFW retail real estate has tightened in recent years, particularly in Far North Dallas and the Uptown/Downtown area. Dallas is a corporate destination with high-paying jobs, which will continue to benefit the luxury retail market. Need-based retail continued to expand as well to support the growing population. Most major national and international brands have developed a presence in the metroplex due to ongoing development, access to products, and availability of land in surrounding DFW suburbs.