{"id":1004523455,"date":"2021-04-28T05:24:45","date_gmt":"2021-04-28T13:24:45","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004523455"},"modified":"2021-05-15T10:29:14","modified_gmt":"2021-05-15T18:29:14","slug":"dallas-fort-worth-market-update-strong-development-activity","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-strong-development-activity\/","title":{"rendered":"Dallas-Fort Worth Market Update: Strong Development Activity"},"content":{"rendered":"

\"Standard<\/a>As of March, approximately 4.2 million square feet of office space was underway in Dallas-Fort Worth, according to CommercialEdge data. Out of 34 developments, 24 are expected to come online this year.<\/p>\n

Platinum Corridor-North was the most active submarket in March, with more than 1.8 million square feet underway. Of the seven developments in the area, the largest is a 540,000-square-foot project dubbed Chase Tower<\/a>. The project is set to be the tallest building in JPMorgan’s 250-acre campus at Legacy West. The second most active submarket was Uptown\/Oak Lawn, with five projects totaling 1.4 million square feet.<\/p>\n

Despite an uncertain 2020, authorities\u2019 decision to classify construction as an essential service during the lockdown has helped developers deliver assets and make a smooth recovery in 2021. According to CommercialEdge data, the metro completed 23 properties totaling roughly 3.2 million square feet in 2020.<\/p>\n

The largest development in the Metroplex as of March was the second phase of Charles Schwab\u2019s campus in Westlake, Texas. The 620,000-square-foot addition broke ground in December 2018 and was designed by Dallas-based Corgan Architects. Upon completion, scheduled for this year, the property will encompass two buildings. Located on 59 acres at 3101 Schwab Way, the site is adjacent to Phase I, a 555,000-square-foot office building completed last year. When finished, the campus will total 1.2 million square feet.<\/p>\n

CommercialEdge covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report <\/em>here<\/i><\/a>. We included properties of 25,000+ square feet in our research.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Out of 34 developments recorded in the Metroplex in March, 24 are expected to come online this year.<\/p>\n","protected":false},"author":868,"featured_media":1004528145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21742,21747],"tags":[51047,50674],"class_list":["post-1004523455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"\nDallas-Fort Worth Market Update: Strong Development Activity - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-strong-development-activity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dallas-Fort Worth Market Update: Strong Development Activity\" \/>\n<meta property=\"og:description\" content=\"Out of 34 developments recorded in the Metroplex in March, 24 are expected to come online this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-strong-development-activity\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-28T13:24:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T18:29:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update-800x620-21.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-strong-development-activity\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-strong-development-activity\/\",\"name\":\"Dallas-Fort Worth Market Update: Strong Development Activity - 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