• Better rates in the near future…
If you have courage, sign short term leases on renewals. We feel rates will be lower in 2013 than they are today. If you are moving, go ahead and do appropriate term leases. That would be:
15,000 SF or less: 3 year lease terms
15,000-40,000 SF: 5 year lease terms
40,000-100,000 SF: 7-10 year terms
On another note, why are mowing the lawn and human resources so expensive in NE Dallas/Garland? I just don’t get it. The common area maintenance portion of the operating expenses in the NE Dallas/ Garland submarket are at least twice what they are in the rest of the city. Since the majority of these items are landscaping and management, it really makes no sense to me. If you have this issue, please call Matt Spellman or me.