Every local economy needs a jack-of-all-trades. Even a thriving, tech-driven economy like Dallas’ requires areas that provide tremendous value simply by being flexible to different industries and company sizes. Stemmons fills that role in the DFW Metroplex with its diverse commercial makeup and variety of traditional office space.
As your commercial real estate experts in the DFW Metroplex, TenantBase knows that well-suited office space is vital to your organization’s identity, productivity, and success. We’ve prepared a summary of commercial space in Stemmons to help inform your decision and make your move to Stemmons a smooth transition.
Businesses in and around Stemmons come from a variety of different industries. Light industrial-zoned warehouse properties are well-suited for ecommerce businesses, tech users, furniture showrooms, and small to mid-size service companies. These older multi-tenant distribution centers offer excellent value to growing businesses who don’t need the visibility (and added costs) of a retail space. The live-work-play oriented Design District is a popular choice for businesses in need of space suited for design, showroom, and makerspace functions.
Nearly all of the commercial space in Stemmons is traditional Class A, Class B, or industrial and ranges in size from 500 SF to 10,000 SF. Average prices for office space is $26.50 SF for Class A, $25.50 SF for Class B, and less than $12.00 SF for industrial. Most of the traditional space layouts are appropriate for call centers, data centers, and staffing agencies that serve IT, government, and various corporate tenants, particularly in the value-rich Lower Stemmons office market.
The commercial office space market in Stemmons is changing rapidly to match surging demand, especially in the West Love mixed-use development area. New projects in the city include the Southwestern Medical District and its 800,000 SF University Hospital project as well as the 865,000 SF expansion of Southwest Airlines’ corporate campus. Continued expansion of the campus will eventually push the project to well over 2 million SF and a 10,000 person workforce.
Commuting to Stemmons generally means using I-35E or North Dallas Tollway for those traveling from North Dallas. Workers in Stemmons trying to avoid the Dallas rush hour should try taking advantage of the many convenient public transit options serving the city. DART’s Orange and Green Lines make Park & Ride solutions attractive for those that prefer to leave the car at home. Many workers in Stemmons also use Uber and Lyft allowing for some productivity during the morning and evening commute.
Parking is typically not an issue in Stemmons since it is both abundant and free with unreserved spaces built into a lease. Access to DFW and Love Field is convenient from the Stemmons area as are the many dining options for employees on Restaurant Row on nearby Belt Line Rd. Addison Circle Park is home to Kaboom Town, one of the largest fireworks displays in the country, and both Vitruvian Park and Village on the Parkway are shopping options that provide even more amenities that the modern worker finds attractive.
Stemmons is a city that serves many purposes well. It is home to a wide variety of industries and companies while providing local amenities that talent finds attractive. Let TenantBase help you leverage the many benefits office space in Stemmons can provide your company when it’s time to find your next corporate home.