CRE Opinion: Nearly 90 Percent of Dallas Office Market is Outside of Downtown, Uptown

Cliff Booth says suburban office sprawl is still a distinctive trait of the D-FW region

I came to Dallas in 1979, when the city was a boomtown.

Over the next decade, the city’s skyline changed dramatically as newly constructed, modern office buildings stretched to new heights. The downtown office expansion didn’t last long, though. The market was overbuilt, and it was widely reported that Dallas had a near 30-year supply of office space.

At the time, local banks were mostly downtown, and companies that did business with them wanted to office nearby. When several banks failed after the 1987 crash, many of the companies that were officed close by shuttered and/or deserted Downtown Dallas.

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