Redfin sheds office space amid national layoffs, volatile housing market - Dallas Business Journal

Digital mortgage lender Better.com, based in New York City, has

of workers since interest rates began rising last fall, according to TechCrunch, an industry publication.of its workforce in June, citing over-expansion and market volatility as reasons for the cuts, according to The Real Deal.Dallas-Fort Worth is one of the nation’s most rapidly, according to a recent report from Redfin that analyzed how many homes on the market are seeing price drops. The analysis found that 45.8% of homes in the Dallas area and 44.

The sublease space in Hall Park that Redfin is putting on the market has an asking lease rate of $21 per square foot a year, or about $466,000 if a new tenant leases the entire suite. Office furniture is available as part of the deal, according to the marketing materials. The sublease expires in May 2028.of the space, which is being marketed by Cresa.

The only other office space Redfin appears to occupy in DFW is a much older, smaller co-working quarters in Spryrocket Station at 3723 Greenville Ave. in Dallas. It was not immediately clear whether Redfin continues to use the space.Ebby Halliday Real Estate Inc.

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