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Investors look to the Sunbelt for office-using job growth
- September 1, 2017: Vol. 29, Number 8

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Investors look to the Sunbelt for office-using job growth

by Loretta Clodfelter

Sunbelt office markets have been attracting institutional investors, where strong office-using job growth is forecast for the next few years.

Dallas has seen its office rents reach an all-time high, according to Colliers International’s second quarter Top Office Metros Snapshot, supported by robust job growth. Dallas is forecast to have the second-highest office-using job growth in the country, behind only New York City, despite having an overall population less than half the size of the Big Apple. From 2017 to 2019, Dallas is forecast to see its office-using jobs increase by 92,700, according to Moody’s Analytics, which comes on the heels of office-using job growth of 98,000 in 2014 to 2016.

That potential has attracted investors. A fund advised by CBRE Global Investors acquired a 508,102-square-foot office tower in the Central Expressway market. The class A property, 8750 NCX (above, left), is 91 percent leased.

“The Dallas market has seen a num

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