If thousands of Uber employees work potentially, the historic trade zone at the eastern end of the city center will be one of Dallas’s hottest real estate markets. Uber officials confirmed that the company thinks it is a place for the largest new job center outside the San Francisco headquarters, a large new office center in Deep Ellum.

The technology-focused transport provider is in talks to rent a large office space in Deep Ellum’s new Epic development at the Good-Latimer Expressway. And the company would need more office space in a new building to be built next to it. Deep Ellum already sees major changes with new apartments, retail and business space. Baylor Scott & White is building a large office center at the eastern end of Deep Ellum, home to the workers of hundreds of health giants.

Real estate managers and a long time Deep Ellum observers say the acquisition of the Uber bureau will lead to an even greater transition.

“It is an unbelievable opportunity for Deep Ellum,” said Greg Biggs, managing director of commercial property firm JLL. “The dynamic of having that many employees come to that market will provide more opportunities.

“It will be a big catalyst,” he said. “The central business district and surrounding areas have become super-active, and there is a lot of momentum.”

Uber’s potential office deal news came just months after Dallas’s digital retailer lost the offer to stroke Amazon’s coveted second headquarters. Dallas downtown, Washington, D.C. The finalist of this project. It is unclear whether Dallas’s Amazon bid is affecting Uber’s plans. But real estate and economic development officials predicted that after Dallas misses the Amazon deal, it will attract more jobs.

“We didn’t get the whole hog, but we are going to wind up with a lot of ham sandwiches,” said John Crawford, who retired last year after more than a decade of heading Downtown Dallas Inc.

Source: Dallas News

Melike Vodina / realesatecoulisse.com