Uptown Office Leasing is Hot - Free Rent Hard to Find

At a meeting of Uptown office brokers today the message was clear -- rates are up and Landlord's are saying NO to free rent.

Lots of good buzz was shared . . . here are few highlights.

• Community Trust Bank is moving into Two Turtle Creek this month, plus Premier Business Centers just signed a new deal for 12,000 SF.  The building is 75% leased and climbing.
• 3500 Maple is "Closed for Business."  Brokers reported that all deals are dead due to Landlord's current financial woes.  Evidently, foreclosure has been pushed back.
• 2000 McKinney is 100% leased.  If they had any space to lease the rate is $40 SF + E.  Wow!
• Gables signed a new lease at 2811 McKinney for a rumored 14,000 SF.
• NBC is moving out out of Citymark at the end of the year.  The building has a 34,000 SF block available.