Dallas, TX
If a 44-story tower can go for $3.5 million in St. Louis, what does that say about D-FW?
This week, the Wall Street Journal painted a stark picture of downtown St. Louis. It dubbed the area’s office district a “doom loop” and pointed to cities trying to save themselves from a similar trajectory, such as San Francisco and Chicago.
Anecdotally, the publication surfaced a 44-story tower once anchored by AT&T Inc. that traded hands for $205 million in 2006. The Journal reported the St. Louis building, which now stands empty, recently sold for $3.5 million.
It’s a grueling picture as cities across the U.S. cope with the post-pandemic hybrid work reality defined by an office sector of haves and have-nots.
In North Texas, new, amenity-rich offices win new tenants, as do those existing buildings willing to put in significant investments to keep and lure small and mid-sized tenants. That is, during a favorable financing climate.
A common refrain in Dallas are those companies taking their large-scale leases from downtown to Uptown.
Downtown Dallas’ office vacancy rate sits at about 26.5%, according to research from Partners Real Estate.
That’s not the highest in the nation, but it’s still high, according to Steve Triolet, Partners’ senior vice president of research.
Contributing to the vacancy rate are some of the subleases that have rolled over to direct vacancy, in addition to Class B offices weighing down the central business district.
“When you think about the types of companies that we have here in Dallas compared to Houston or Boston from an office perspective, we represent the nation as a whole,” said Triolet. “This is not just a downtown Dallas problem. All downtowns have this problem.”
Fort Worth is much healthier, he noted, pointing to the city’s 11.5% vacancy rate.
One headwind to the office occupancy problem is corporate America’s reluctance to force employees back five days a week, instead opting for a hybrid model.
However, with many companies asking employees to share the same in-office days, businesses are hard-pressed to cut down their square footage when the same amount of desks are required.
In contrast to the rest of the country, Triolet pointed to the fact that the region is the fastest-growing in the nation when it comes to in-migration. Dallas-Fort Worth’s main competition is other Texas markets, such as Austin, Houston and San Antonio, though Memphis, Denver and Atlanta rear their heads as well.
Office conversions to hotel space and residential units continue to be a bright spot for downtown. Not only does it take vacant office space off the docket, but it holds potential.
“These represent some diamonds in the rough, but are not the cure,” said Triolet.
It’s too early to count the success of these, especially as many await to see the pricing of the dwelling units.
The other wait-and-see element is just what will happen with large chunks of office space that will require backfilling in downtown Dallas.
JPMorgan Chase, which recently expanded its lease at the Hunt building, is the outlier that remained downtown when it left its namesake building a few years ago.
But Deloitte, Goldman Sachs and Bank of America will leave large holes as they hightail it for Uptown in the coming years.
Those three firms alone represent nearly 1 million square feet of space combined.
How much do you earn? And how far does that paycheck really go?
In Dallas, a $100,000 salary is a figure that’s more than double the area’s individual median income, but nevertheless a useful benchmark for the region’s burgeoning business community. However — once taxes and the local cost of living is factored in — it has the effective purchasing power of around $80,000 according to a new financial report.
Consumer-focused fintech site SmartAsset worked the numbers on the country’s 69 largest cities, determining the “estimated true value of $100,000 in annual income” in each location by measuring federal, state and local taxes as well as local cost of living data, including on housing, groceries and utilities.
It used its own proprietary figures, as well as information from the Council for Community and Economic Research.
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Despite recent research suggesting North Texas has lately been losing some of its famous economic advantage — a major factor behind the region’s explosive growth — Dallas actually fared relatively well in SmartAsset’s analysis. Of the 69 cities, Dallas’ effective purchasing power, of $80,103 on the $100,000 salary, tied with Nashville to rank 22nd highest.
Like many cities in the report, Dallas also actually saw a year-over-year effective salary bump, likely because of slightly lower effective tax rates and living costs that have hewed closer to the national average. In 2024, the value of a $100,000 salary in Dallas came out to $77,197.
Other large Texas cities fared even better than Dallas. El Paso, where SmartAsset calculated the effective value of the $100,000 salary at nearly $90,300, ranked third highest overall.
San Antonio, where the effective value was around $86,400, ranked eighth. Houston, where the figure was around $84,800, ranked 10th, and Austin, where the figure was $82,400, ranked 17th.
Oklahoma City topped SmartAsset’s value ranking, with an effective salary of around $91,900, and Manhattan, which the website considered as its own city, came in with the lowest value, at around $29,400.
Dallas’ relatively strong effective value score won’t necessarily translate to the good life: Another financial report, published in November by the website Upgraded Points, determined that even a single adult with no kids needs a pre-tax salary of at least $107,000 to live “comfortably” in the Metroplex.
Dallas, TX
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Cardi B, one of hip-hop’s most outsize personalities — and one of its most reliable hitmakers — is coming to Dallas.
The New York City-born rapper broke through in 2017 with the hit single “Bodak Yellow,” launching a chart-topping run that soon included “I Like It” and the blockbuster hit “WAP.” Her Grammy-winning debut album, Invasion of Privacy, cemented her as a defining voice in contemporary rap, blending brash humor, confessional storytelling and club-ready production.
The 33-year-old’s success helped boost the profile of women in a genre long dominated by men, encouraging record labels to sign more female rappers. She has frequently teamed up with rising female artists, including GloRilla, FendiDa Rappa and “WAP” collaborator Megan Thee Stallion.
Cardi’s stop at American Airlines Center is part of the arena run supporting her second studio album, 2025’s Am I the Drama? Recent shows in the “Little Miss Drama Tour” have leaned into spectacle, with elaborate staging, surprise guest appearances and a set list that spans her entire career.
Fans can expect a high-energy performance built around booming trap beats, pop hooks and Cardi’s signature unfiltered banter — the same mix that has helped her sell out dates across the tour and turn concerts into party-like events.
DETAILS: March 7 at 7:30 p.m. at American Airlines Center in Dallas. Tickets start at $334.10, but some verified resale tickets are cheaper. ticketmaster.com.
Pop legend Diana Ross performs March 7 at the WinStar World Casino in Thackerville, Oklahoma.
Sarah Hepola
OTHER CONCERTS
Bluesy psychedelic rock band All Them Witches performs March 7 at House of Blues Dallas.
Travis Pinson
ALL THEM WITCHES March 7 at 8 p.m. at House of Blues Dallas. ticketmaster.com.
DIANA ROSS March 7 at 8 p.m. at WinStar World Casino in Thackerville, Okla. winstar.com.
RICH BRIAN March 7 at 8 p.m. at The Bomb Factory in Deep Ellum. axs.com.
TRACE ADKINS March 7 at 10 p.m. at Billy Bob’s Texas in Fort Worth. billybobstexas.com.
AFROJACK March 8 at 3 p.m. at It’ll Do Club in Deep Ellum. eventbrite.com.
LITHE March 8 at 8 p.m. at House of Blues Dallas. ticketmaster.com.
CONAN GRAY March 10 at 8 p.m. at Dickies Arena in Fort Worth. ticketmaster.com.
MATISYAHU March 10 at 8 p.m. at the Granada Theater in Dallas. prekindle.com.
OUR LADY PEACE, WITH THE VERVE PIPE March 12 at 8 p.m. at Tannahill’s Tavern and Music Hall in Fort Worth. ticketmaster.com.
PAUL WALL March 12 at 9 p.m. and March 13 at 10 p.m. at Billy Bob’s Texas in Fort Worth. billybobstexas.com.
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