Real Points

Daily Reports on Commercial Real Estate


Brooke Armstrong: Saturdays with Klyde

Category:
Author:
By
Post date:
January 29th, 2013 11:06am

Brooke Armstrong

I’ve lived in Dallas for nearly 10 years, and a lot has changed during that time—both in the city and my personal life. Weekends are no longer reserved for sleeping in and brunch with friends. Instead, we’re up with the sun and brainstorming fun activities to keep Holland, my 20-month-old from bouncing off the walls at home.

Over the winter holiday, when it was a beautiful 70 degrees outside, my family was out enjoying the weather, and we found ourselves in the middle of downtown Dallas at Klyde Warren Park.

It wasn’t long after that Jeff Staubach treated the tenant rep group to one of his usual team lunches at the deck park where we all dined al fresco, from restaurants on wheels. Food Truck Friday is gaining in popularity and drives traffic from downtown and Uptown buildings to the streets. It’s refreshing to see employees excited to get outside and enjoy these new amenities that central business district tenants have never had in the past.

I spend a lot of time during the week in the CBD with clients and prospects, but I couldn’t remember the last time I was surrounded by iconic high rises when I wasn’t working. There has really never been a reason other than jogging the tunnel system to learn my way around (a Carl Ewert tip for young brokers).

Dallas is being reborn into a first-class city that can compete with the likes of Chicago, Washington D.C., and Boston. The Klyde Warren Deck Park, Perot Nature and Science Museum and Wyle Theater, among other landmarks, are bridging the gap between the CBD and Uptown. The cultural amenities, DART rail, and other factors are creating a positive impact on our market. Vacancy rates are down in both the CBD and Uptown submarkets, and asking rates are on the rise.

We’ve all heard about these developments at luncheons and business events. They sound great in concept, but the effects weren’t real to me until I was out with my husband, daughter, and labradoodles on a Saturday morning. Standing in the center of one of the most dynamic office markets in town, greater downtown Dallas, and it dawned on me: This is a game-changer.

Brooke Armstrong is senior vice president in the Dallas office of Jones Lang LaSalle. Contact her at brooke.armstrong@am.jll.com.



Leave a Comment

* required fields

Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners



Sectors


Submarkets



  • Echo Global Logistics has leased 8,069 square feet of office space in Advancial Tower at 1845 Woodall Rogers Fwy. in Dallas. More »
  • Trace Resources has leased 9,680 square feet of office space at 1300 S University Dr. in Fort Worth. More »
  • ALM Media has leased 4,961 square feet of office space in Harwood Center at 1999 Bryan St. in Dallas. More »
  • Malouf Lynch Jackson & Swinson has leased 6,446 square feet of office space in Four Forest Plaza at 12222 Merit Dr. in Dallas. More »
  • Tenaska Inc. has leased 32,102 square feet of office space in the Offices at Brookhollow at 1701 E. Lamar Blvd. in Arlington. More »
  • G Wear LLC has leased 11,407 square feet of retail space in the Cascades at The Colony at 5909 Stone Creek Drive in The Colony. More »


Supporting Partners