KBS Signs Brown & Brown to Major Lease at Legacy Town Center: The Growing Trend of Premium Office Spaces in Texas

KBS Signs Leading Insurance Broker to 41,000 Square Foot Lease at Three-Building Office Property

The Rise of Class A Office Spaces in North Texas

Over the past few years, the demand for high-quality office spaces in Texas has surged, evident in KBS's recent signing of global insurance brokerage Brown & Brown to a 41,000 square foot lease at the Legacy Town Center in Plano. This trend reflects a broader shift among businesses towards seeking premier office environments that cater to employee well-being and productivity. As Giovanni Cordoves, regional president at KBS, emphasizes, the Texas market is positioned for growth, driven by its business-friendly environment and increasing office-using employment.

Understanding the Flight to Quality Trend

The leasing of Legacy Town Center exemplifies the flight to quality trend that has significantly impacted the commercial real estate landscape. Tenants, eager for environments that promote health and wellness, are gravitating towards buildings that offer state-of-the-art amenities and safety certifications such as the WELL Health-Safety Rating. Merz, KBS's asset manager for this property, notes that the unique features of Legacy Town Center—such as high-end dining options, fitness facilities, and tech-enabled environments—make it an attractive choice for companies looking to enhance employee satisfaction.

What This Means for the Future of Commercial Real Estate

As the average vacancy rates for Class A properties decline, the future of commercial real estate in North Texas looks promising. According to the CBRE Office Figures Q2 2025 report, Class A rents have shown a modest annual growth, signaling robust demand in this segment. Tenants are increasingly willing to invest in higher quality spaces, suggesting that commercial property owners will need to adapt by enhancing their offerings and focusing on tenant experiences to remain competitive.

Commercial Real Estate Investment & Development

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KBS Signs Brown & Brown to Major Lease at Legacy Town Center: The Growing Trend of Premium Office Spaces in Texas

The Rise of Class A Office Spaces in North Texas

Understanding the Flight to Quality Trend

What This Means for the Future of Commercial Real Estate

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