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The birth and rediscovery of the “North Dallas Core” submarket

The “North Dallas Core” was one of the first suburban areas to see significant commercial development during Dallas’ rapid expansion of late-1970s and 1980s. 

At the time, projects like Hine’s Galleria set the standard for best-in-class mixed-use development nationally.

With the average office building now at 35 years old, this submarket has significant older, outdated product – and essentially no new office development since the mid-1990s. 

Construction of I-75’s “High-5” interchange and the recently completed extensive widening of the LBJ Freeway have challenged this area for the last decade, making access difficult for users.

Good regional access and proximity to a variety of housing styles and prices remain a strength. 

​This has positioned the area for a “rediscovery”, which we are seeing in the acquisition and gradual renovation of older office buildings to meet today’s standards and tenant demands. ​

​Source: JLL Research

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