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Current Office Development = Drop in the Bucket

November 20, 2015

The Dallas office market is as good as it’s ever been, says Gaedeke Group CEO Sabine Gaedeke Stener (right, with VTS’ Grant Gordon and event moderator VTS’ Ben Ramsey). DFW is the fifth-largest market in the US and what seems like a lot of office absorption (1M SF) is a drop in the bucket in a market with 350M SF of office space. When you put that into perspective, 6M SF of office space under development doesn’t seem like anything to lose sleep over, she says. Gaedeke is developing a 14-story 308k SF Class-A tower adjacent to Toyota and FedEx in Legacy West. She says the market is at a historic point with the last vestiges of real estate infill sites in a top five market; that’s something that won’t exist in 2020. 

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