Flexible Office SpaceThose looking for more flexible office space may want to take their search to the Dallas-Fort Worth area. It recently took one of the top spots when it comes to the nation’s largest co-working and flexible office markets.

Dallas-Fort Worth came in at number two, behind only Manhattan in relation to the number of short-term offices. The ranking is part of a new report by CBRE Group, a commercial real estate services and investment firm.

North Texas now has more than five-million square feet of office flex space. That includes short-term rentals, shared office and co-working space. 

Overall, flexible office space is barely more than two-percent of the total local office space in Dallas-Fort Worth. Even so, it’s enough to give Dallas-Fort Worth more…

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While some jobs went away in early 2020, the Dallas-Fort Worth area is currently seeing some big gains when it comes to construction jobs. According to some of the latest figures from the Associated General Contractors of America, the region’s building sector saw a gain of 7,400 jobs this past December, when compared to the previous December. 

The Dallas area alone saw about 5,800 of those new construction jobs. That’s significant, because 2020 saw a loss of 4,000 jobs. 

For those keeping tabs on the market, the numbers probably aren’t too surprising. With a 45-percent increase in residential and commercial construction starts, North Texas was the nation’s second busiest market for building in the entire nation last year.

As for the addition of…

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Uptown Dallas Highrise at 2811 Maple TowerThe new Uptown Dallas luxury high-rise apartment at 2811 Maple Tower received the green light by Developers and the 300,000 square foot building is planned to be completed by 2024.  Crescent real estate has been working on the new high-rise apartments in Dallas, TX since 2018 which will be located between the landmark Stoneleigh Hotel and the Crescent on Maple Avenue near Cedar Springs Rd.

The new 30-story highrise at 2811 Maple Tower is planned to feature 200 highrise rental homes that will replace previous commercial building space.  The new luxury highrise in Uptown Dallas will also feature a third-floor pool deck along with underground parking.

For more information on luxury high-rises in Uptown Dallas, contact one of our urban Realtors. 

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DFW Single-Family Home Permits For at least four months in a row, single-family home construction permits have been down in the Dallas-Fort Worth area. The latest figures come from November 2021.

In November, construction permits for single-family homes were down about 3.7-percent, year-over-year. According to Texas real estate data, builders secured construction permits to start more than 3,500 new homes.

Part of the problem is a large number of sold new construction homes in the region that still aren’t completed. Builders are still dealing with supply chain issues and some labor shortages. If they aren’t able to even start some of the new construction homes for a few months, they’re less likely to be taking on a high number of new construction permits. 

Even with four…

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DFW Home Prices on the Rise in 2022?It’s a new year, but that may not mean much change in terms of rising home prices in the Dallas-Fort Worth area. While the price gains in 2022 may not be as bad as they’ve been in recent time, price increases could likely continue in the foreseeable future.

Some experts say home prices have gone so high, they may start seeing decreased demand. Still, the housing market remains tight and it should still be a strong year for home sales.

Homebuilders in the region have already increased construction to help meet the demand, but they’re selling homes at a fast rate. The median sales price for single-family homes in North Texas is already up considerably over what it was a few years ago.

Apartment rents are also up, but renters could likely see some…

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