Downtown Dallas is more than just an impressive skyline. Beyond the towering skyscrapers and modern disposition, it’s the heartbeat of the entire city, giving it a pulse and personality that saturates everyone and everything that crosses its bustling streets. In the midst of a technology-driven economic rebirth, Dallas is a thriving metropolis with a distinct appeal for many types of businesses and an exciting, non-stop lifestyle that the Downtown area perfectly exemplifies. TenantBase is here to give you a walking tour and introduce your organization to the lay of the land.
Doing Business Downtown
Tech might be the primary driver behind Downtown’s dynamic economy, emblematic of the region as a whole, but it’s certainly not the only industry that’s attracted to Downtown’s unique appeal. With space averaging 25,000 SF at anywhere between $15 and $20 SF, a large mixture of businesses is migrating into the downtown area and its predominantly traditional office space.
Downtown also features expanding higher-end Class A space that’s typical of such rapid economic growth. Law firms, once a substantial portion of the business population, are still found throughout Downtown but a steady exodus to the Arts District and Uptown has significantly lowered their numbers in recent years.
Working in Downtown
Downtown Dallas isn’t the suburbs, nor does it want to be. Buildings are tall, parking can be slim, and traffic is a bit challenging without some helpful tips. Every workday, Downtown’s residential population of 13,000 swells to over 135,000, making the route to the office especially important as employees work their way around the masses. With both the freeway and streets becoming more congested closer to Downtown, the DART light rail system allows commuters to park and ride into any of the five Downtown DART stations. For frequent riders, a DART monthly pass can save a lot of time and money over the long-run.
Happy employees tend to be productive ones as well, making Downtown’s many restaurants, museums, and bars an integral component of the area’s success. Klyde Warren Park runs through the heart of Downtown giving employees 5-acres of food trucks, live music, exercise classes, and walking paths. The nearby American Airlines Center is yet another entertainment option for Downtown workers, home of both the Mavericks and Stars as well as many concerts and special events throughout the year.
Downtown Dallas offers limited housing options, skewing heavily towards single professionals that prefer to work near their office. With an average household size of 1.51 people and 2.5% of total housing devoted to single-family detached homes, Downtown Dallas caters to a busy lifestyle that combines work and fun geared towards younger professionals.
Downtown Dallas is the embodiment of the economic boom felt throughout the entire DFW region. Fueled by tech but enjoyed by a broad spectrum of varied industries, Downtown is an enviable address for companies that want to be in the thick of the excitement and growth. TenantBase can help you find the ideal property at agreeable lease terms for you to make the very most of your organization’s Downtown home.