Uptown will continue to evolve dramatically as Dallas’ premier urban work, live, shop & play environment!
Office demand has been strong, underscored by the area having close to the lowest vacancy rate and highest rents in the region.
December 18, 2019
- Uptown began developing in the mid-1980s, with the opening of The Crescent. Over the years – and accelerating since the mid-2000s, it has become the region’s premiere work, live, shop, and play destination.
- Office demand has been strong, underscored by the area having close to the lowest vacancy rate and highest rents in the region. There are also 27,500 apartments units and over 1,600 hotel rooms, as well as significant retail and restaurant options which makes the area attractive to office tenants, local residents, and visitors.
- New development will continue to transform the area. Almost 12 million square feet of office, multi-family, hotel, and retail space is programed to deliver throughout Uptown’s core over the next decade. This will enhance the area’s urban character and create new offerings to accommodate demand and growth.
- Today’s core Uptown will also be influenced by “edge-effect” development in areas north and in the CBD, now being considered for significant urban-scale, mixed-use. Based on acreage in play around Turtle Creek, Cityplace, and the new Field Street District, another 8+ million square feet could be developed over the coming decade-plus.
Source: JLL Research