Dallas Texas:

The commercial and real estate developments in the Dallas area has been somewhat of a booming portion of the growth. The area has been booming in growth since the mid 80’s and there seems to be no slowdown in sight. With so much development going on consistently, it’s no wonder that the area has a great deal of office space and executive suites available. In a recent survey of Dallas commercial property vacancies in the area, prices for office space yielded results starting at around $1.50 - $2 a square foot for around 1,000 square feet of space. Smaller options were also available at the time of recent searches and the prices were starting at around $300 for small spaces with free high speed internet, private entry, and much more. There is a great deal of opportunity in terms of Dallas commercial properties for rent, business spaces retail, commercial, storage, and much more. Dallas has a sales tax of 8.25, no income tax, and an overall job growth of 3.5%. We also offer commercial properties for lease in Austin, Houston, and Ft Worth.

Dallas Housing Price:

The city of Dallas is one of the best places to live, according to many real estate magazines, and the home prices have remained steady despite a lot of larger cities losing value hand over fist. A recent article found that home prices were starting to rise again, although slowly. The median home price sees a small gain in value, but has been somewhat steady at around $207353. As the residential housing market suffers, it appears that the Dallas commercial property market will follow. The city of Dallas is a large-scale city and is roughly the third largest in the city of Texas. It has been ranked the eight largest city in the United States. The estimated population of the city is 1.3 million people in the city center, and upwards of 6.3 million people in the greater metropolitan area. The city was founded in 1841 but wasn’t incorporated until 1856. The city has a diverse history that dates back to the growing western progress.

Dallas Economy:

The city of Dallas has a diverse economy, which is a major hub for development and has seen a great deal of growth in recent years. The city is one of the major centers for large business, and has one of the largest concentrations of Fortune 500 companies. Some of the major companies that call the area home include, Dean Foods, Southwest Airlines, Atmos Energy, Affiliated Computer Services, Tenet Healthcare, Holly, Blockbuster Inc, and so much more. There is a large amount of industry in the area, with a great deal of development going on all the time. Despite many different vocations in the area, the area has an unemployment rate of 8.8%, which is slightly higher than the national average.

Politics/Culture:

The climate of the area is relatively on par with the rest of the Texas area. The weather has been categorized as humid subtropical. The area gets a lot of heat, dry winds, and temperatures above 100 degrees in the summer and lows as low 30 degrees in the winter. The area has distinct seasons, all categorized with temperature shifts and the occasional snow, although relatively rare. To read more about the local Dallas commercial real estate market and the city in general, be sure to check out our office space articles. The mayor of the city of Dallas is Tom Lepper, and was elected the mayor in 2007. He has continually pursued improvements to the city, allowing for even more business growth, improved crime rates, and a revitalization of the downtown areas. He has also worked with the city to make a more sustainable area. The city’s politics are relatively conservative, although the Dallas-Fort Worth area has been known to have a strong democratic representation.