Uptown Dallas is a neighborhood designed for young professionals and recent college graduates. The urban sprawl consists of six communities: Turtle Creek, The Pearl, State Thomas, Routh South, West Village, and Victory Park. Together, they create an environment that fosters a healthy balance between work and personal life.
As Uptown Dallas continues to grow and thrive, it has become an appealing destination for various industries, including finance, technology and information, and real estate. If you’re hunting for office space to rent in Uptown Dallas, you’ve come to the right place.
Office Space – Lease Data & Trends
The Dallas-Fort Worth (DFW) economy declined during the height of the coronavirus pandemic due to multiple government restrictions and lockdowns. However, the Q1 2021 reports suggest that while the unemployment numbers are still relatively high, the region moves toward its pre-pandemic levels. Currently, DFW has about 3.7 employed professionals.
Office rental rates remain flat with a 1.2% year-over-year decrease to $26.18 per square foot. The cause of the decline is the vacancy of Class B space because property owners haven’t dropped asking rates. Instead, landlords offer competitive packages, including free office rent and abated parking fees.
The Uptown Dallas submarket has the top overall asking rates at $44.32. Uptown is also the leader of key lease transactions of Q1 2021 at 95,983 square feet.
What Our Brokers Say About Uptown Dallas Office Space
Many people are looking to Uptown Dallas as the future of the Dallas-Fort Worth Metroplex, thanks to the growing population of young professionals searching for the right blend of work, home, and play within a single environment.
The area still possesses some of the old charm left by older generations. However, the city’s tech-driven surge is turning Dallas into one of the best metropolitan areas for the next generation of workers.
Companies in finance, real estate, tech, information, and business are leveraging the defining characteristics of Uptown Dallas to make the most of the area’s talent-rich population. As such, Class A and B office spaces in Uptown Dallas provide reasonable working solutions.
Office space can range from 2,000 – 30,000 square feet. Prices tend to fall between $40-60 per square foot for Class A and $28-32 per square foot for Class B.
Some of the companies that call Uptown Dallas their home include the technical/professional Alix Partners, manufacturers Peregrine Petroleum, and finance company Greenhill & Co., Inc.
Top Commercial Buildings in Uptown Dallas
2000 McKinney Avenue: This 21-story highrise sits on a 2.9-acre plot and has 442,355 rentable square feet of space. The office building has 24/7 security and is within walking distance of the Crescent, Perry’s Steakhouse, and Uptown Fitness.
2828 North Harwood Street: This award-winning office building is in the Uptown/Turtle Creek submarket. It is a 20-story Class AA office tower with a stunning lobby and an exclusive mezzanine.
100 Crescent Court: The Crescent Building offers workers shared office space in Uptown Dallas with simple, modern features. The building offers meeting rooms, private offices, and business centers.
2101 Cedar Springs Road: A 5-star office space for rent in Uptown Dallas, known as Rosewood Court, has a lot to offer workers, including an on-site property manager, security system, and conferencing facility. The Class A office building is close to public transportation, restaurants, and retail outlets.
Get To Know Uptown Dallas
Uptown Dallas has a lot to offer young professionals as the modern face of Dallas. The area provides a mix of work and lifestyle that people working in the financial, legal, accounting, and tech industries find attractive.
Ongoing construction to improve Uptown Dallas affords plenty of properties that include residential, office, and retail space within a single building, making it convenient to live, work, and play. Many of the area’s features are within walking distance or near public transportation, including DART’s Red, Blue, and Orange light rail lines.
Uptown is also one of the most bike-friendly areas in the Metroplex. As the main thoroughfare, McKinney Avenue has a trolley to make commuting a breeze. Workers who prefer to travel by car will be happy to know that Uptown traffic is usually light.
This area of Dallas is full of attractions for people to enjoy, such as exclusive nightlife venues, restaurants, and bars that range from high-end to casual. Uptown provides an exceptionally accessible social environment to professionals close to the office. A bonus feature is the famous Katy Trail that spans the whole Uptown area, giving people a safe place to enjoy the outdoors.
Why Rent Office Space in Uptown Dallas
Uptown Dallas is a prime location for professionals regardless of their experience level. The neighborhood has features and amenities for people to enjoy after work, many within a short distance of each other.
McKinney Avenue is a bustling hub for shoppers, and those who like to dine out will undoubtedly appreciate the cuisines from Well Village restaurants. Uptown Dallas is also home to the famous Landmark Magnolia Theater, The Rustic restaurant with live local music, and science and nature museums.
Nearby Neighborhoods To Set Up Office Space
Suppose you’re thinking about finding office space for rent in Uptown Dallas. In that case, you can get a clearer understanding of the area as a whole by considering the office space available in nearby neighborhoods. Here are some locations to consider during your search for office space.
Cityplace: As a neighborhood in Old East Dallas, Cityplace is home to the city’s tallest building outside of downtown. Tower at Cityplace is 42-stories tall and has long-term office space for rent.
International Center: This neighborhood is close to Uptown Dallas and features many high rise office buildings and residential properties. The area is currently undergoing commercial growth, creating more opportunities for property owners to develop office space.
Design District: South of Uptown Dallas is the Design District, another neighborhood with a live-work-play culture. Its proximity to Downtown and Uptown Dallas gives people access to more resources and local talent. Because the community is quickly evolving, many commercial properties offer office, retail, and medical space.
Contact us today to learn how we can help you find your ideal Uptown Dallas office space for lease.