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    Quad News

    The Quad in Uptown Dallas nabs Portland financial firm as newest tenant

    Teresa Gubbins
    Oct 12, 2023 | 11:28 am
    The Quad

    The Quad, a rendering.

    The Quad

    The Quad, formerly known as the Quadrangle, has scored a big tenant: M Financial Group, a major financial services firm headquartered in Portland, Oregon, has signed a lease for approximately 52,000 square feet in the 12-story office building at 2699 Howell St. currently under construction.

    This will be the first Dallas office for the company.

    In a statement, Russell Bundschuh, President and CEO of M Financial, says that the expansion gives them a more centralized location to serve their wide-ranging clients.

    “The QUAD presents us with the best of both worlds — a location in Uptown Dallas surrounded by a flourishing financial services sector and all the benefits that provides, as well as access to world-class amenities favored by our current and prospective employees and visiting guests.”

    M Financial has been headquartered in Portland since its incorporation in 1978. The expansion to Dallas represents the company’s first foothold outside of the Portland area.

    Stream, a national commercial real estate firm offering an integrated platform of services, is developing the 345,425-square-foot, office building and surrounding 18,500-square-foot retail area, expected to open in March 2024.

    M Financial is the third office tenant to sign a lease in The QUAD. Earlier this year, Revantage, a Blackstone Real Estate portfolio company, agreed to take 32,000 square feet. Chicago Title, the largest title insurer and provider of real-estate related products, was the first office tenant to commit to the project, agreeing to occupy 21,000 square feet.

    Two Hands, a community-focused eatery based in Australian café culture, was the first retail tenant to come on board. The eatery is scheduled to open in the first quarter of 2024. Stream will announce the remainder of the restaurant lineup later this fall.

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    news/real-estate
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    rent affordability news

    Dallas residents need to make over $71,000 to afford rent in 2025

    Amber Heckler
    May 16, 2025 | 11:17 am
    SkyHouse Dallas apartments
    Photo courtesy of Simpson Property Group
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    A new rental report from Zillow has revealed Dallas renters need to make nearly 29 percent more money than they did five years ago in order to afford rent in 2025.

    Zillow analysts examined the income needed to afford rent in 50 major U.S. metros, and determined rent prices in each city as of April 2025.

    The average Dallas renter needs to make $71,413 a year to afford living in the city, the report found. To afford rent for a single-family home, the income needed increases even further to $92,932.

    Despite Dallas' rising rent cost of living, it's still more affordable than many other cities. Nationally, the average income needed for someone to comfortably afford rent comes out to nearly $81,000. The study says that figure has increased nearly 35 percent since 2020.

    "Housing costs have surged since pre-pandemic, with rents growing quite a bit faster than wages," said senior Zillow economist Orphe Divounguy. "This often leaves little room for other expenses, making it particularly difficult for those hoping to save for a down payment on a future home. High upfront costs are often overlooked, which can keep renters in their current homes."

    Rent prices in Dallas averaged $1,785 last month, which is less costly than the national average rent price of $2,024. Additionally, Dallasites are spending about 23 percent of their income on rent, while the typical American spends almost 30 percent of their income on rent.

    Renters are saving hundreds of dollars in comparison to those that own their homes, as a recent SmartAsset study discovered the median monthly housing costs for a Dallas homeowner came out to $2,381.

    At least we're not living on the East or West Coast, where eight U.S. metros require six-figure incomes to afford rent. Residents in San Jose, California need to make $136,532 a year to afford rent, the highest out of all 50 U.S. cities. Rent prices in San Jose came out to $3,413 in April.

    Dallas has it the worst in Texas. Here's how much money renters need to afford living in other Texas metros, according to Zillow:

    • Austin –$68,840
    • Houston – $67,731
    • San Antonio – $58,590
    zillowhousing reportrent pricesaffordabilitydallas
    news/real-estate

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