Whether you represent a new business or you’re weighing the options of moving your existing business, where you lease your office is a critical decision that will impact your bottom line for years to come.
So, when considering the big decision – and before you sign that lease on the dotted line – ask yourself, “Is downtown Dallas office space overrated?”
Room to Grow and Space to Breathe
Remember sharing a room with your sibling(s)? Downtown Dallas office space is a lot like that. Everyone is piled on top of each other whether it is cubicle space, common areas, parking, and even restroom space. Face it, everything just feels tighter and more cramped downtown.
If you ever grew up wishing you had your own room, you will 100% appreciate the office spaces available outside the downtown Dallas areas in the Stemmons Corridor/Medical district, HEB, LBJ, or Irving/Las Colinas areas, to name a few.
For example, the office spaces in the Stemmons Corridor are bigger, the common areas are spacious, the amenities are plentiful, there are serene and peaceful outside areas to enjoy, and best of all, there is room for your business to grow. For example, our offices in Mockingbird Towers area makes commuting to work a breeze with Dallas Love Field Airport only 5 minutes away and easy access to Mockingbird Lane, I-35, and HWY-183. Plus, DFW International Airport and the Dallas Central Business District are reachable in just 15 minutes by car. Tenants enjoy a host of on-site amenities, including a fitness center, deli, banking facility, lounge, conference center, Starbucks, and more.
Many of our Stemmons Corridor office buildings enjoy free amenities such as:
- Dedicated Parking
- Fitness Centers
- Conference Rooms
- Walking Trails
- Kitchens and Break Rooms
- Onsite Bank & Deli
- New HVAC System with Direct Digital Control
- Quick & Easy Access to DFW International Airport and Dallas Love Field Airport
- Access to Dart Bus Lines – Some Even On-Site
- Beautiful, Modern & Renovated Buildings
- On-site Property Management and Engineering Team
Learn more about our Mockingbird area properties here, (Mockingbird Towers at 1341 W. Mockingbird Lane, 7929 Brookriver Drive, One Mockingbird Plaza at 1420 W. Mockingbird Lane, Comerica Building at 1250 W. Mockingbird Lane, and 1111 Tower at 1111 W. Mockingbird Lane).
Realistically, there are office buildings in the downtown Dallas area that have access to beautiful outdoor parks, maybe even a few that boast an onsite gym, and a precious one or two that might even have a fitness center, but be prepared, it will not be cheap.
Which brings us to the next point …
Rents Outside of the Downtown Area Really Are Less Expensive Than in the Dallas Office Space Market. By a LOT.
There is nothing like the embossed stationery with that prestigious downtown address; a sign that your company has arrived. It’s also a sign that your company is overpaying for rent.
Ever wonder how much money you could actually save on your business’s office lease by moving from Downtown Dallas to the Stemmons Corridor? How about as much as $8 per square foot? That is a significant potential savings. If you want to know the actual dollars and cents, one simple call to us at 214-630-2653 will give you that answer within a matter of minutes.
If you move your existing company from downtown, you can actually decrease your overhead solely from savings of your office rental or commercial lease budget. When you do that math, over the course of a few years, the money you save would be significant and could go on to spur your company’s growth and profitability.
And if you are starting a new business, the lease or rental savings you enjoy from your new Stemmons Corridor office may actually be the reason you are able to keep your company afloat during those crucial first years of operations. Being lean and mean the first few years of existence could set your company up for long-term success.
Free Parking, Free Parking & More Free Parking!
If you have ever tried to park for a meeting in a downtown Dallas office building, you know how ridiculous the parking situation can be! It is both expensive and inconvenient for employees and clients. And while validating parking may be a thing for your visitors, it is not available to your employees.
There is good news. The office spaces available outside the downtown Dallas areas in the Stemmons Corridor/Medical district, HEB, LBJ, or Irving/Las Colinas areas, almost all have free parking for you, your visitors, and yes even your employees! Not only is parking free, but there is also plenty of it! Our buildings have an average of six (6) parking spaces for every 1,000 square feet in occupied building space (represented as 6:1000). Compare that with two (2) parking spaces for every 1,000 square feet (2:1000) in occupied building space in the downtown area and you have yourself a significant reason to move away from downtown.
Want to help your employees and show them how much you care? Provide free, available parking. With gas being so expensive, it is nice to give your employees a big break on their commuting costs.
An Unwilling Commuting Workforce
It has been more than a year since Governor Abbott issued an Executive Order allowing all Texas businesses of any type to open to 100% capacity, but that doesn’t necessarily mean everyone was exactly energized to return to the office. Office workers begrudgingly set their alarm clocks to awaken hours earlier, eschewed their casual home attire for more formal office fashion, and buckled up to fight the traffic.
In short, it was not exactly a celebration.
But opening or relocating away from the downtown Dallas area could really help. Did you know that office spaces in the Stemmons Corridor/Medical district, HEB, LBJ, or Irving/Las Colinas areas would allow for much of your staff to enjoy a few valuable perks such as the ability to:
1. Sleep in a little more
2. Spend less time commuting
3. Save money on their gas budget
4. Cause less wear and tear on their car
5. Enjoy more family time
6. Oh, and did we mention they get to save money on gas? Yes, we did already, but with today’s gas prices, we deserve to celebrate this twice.
We all agree that it has not been easy urging your workforce back into the office. But meeting them halfway and setting up shop closer to where they live will help. Learn more about our Mockingbird area properties here, (Mockingbird Towers at 1341 W. Mockingbird Lane, 7929 Brookriver Drive, One Mockingbird Plaza at 1420 W. Mockingbird Lane, Comerica Building at 1250 W. Mockingbird Lane, and 1111 Tower at 1111 W. Mockingbird Lane).
And then that means one very important thing.
Happier Employees Means Higher Employee Retention
Remember the Great Resignation of 2021? Of course you do, because we are all still in the midst of it. The Great Resignation is still in full swing.
It is a pretty simple concept really. Moving – or opening – your offices closer to where most of your employees live makes life easier for them. Making life easier for your employees makes your employees happier. Happy employees have higher retention rates than unhappy employees.
So if you want to do something positive to improve your employee retention, try (for example) moving your offices to the Stemmons Corridor area. Is your business a medical office or do you work with the medical industry? Try searching for commercial properties in the Dallas Medical District.
Learn More About Commercial Office Space in the Stemmons Corridor/Medical district, HEB, LBJ, or Irving/Las Colinas areas
Want to learn more about the commercial office space available in the Stemmons Corridor/Medical district, HEB, LBJ, or Irving/Las Colinas areas, or maybe you have questions about the different types of commercial leases available to sign? Let’s connect.
We can give you an in-person or virtual tour, we will show you amazing on-site amenities not available in Downtown Dallas office space, we’ll provide realistic and accurate costs, and we will answer all of your commercial lease questions.