The Dallas / Fort Worth quarterly Office Market Report details Class A & B stats across each submarket in the metroplex as well as DFW as a whole.
The market is showing signs of stability with the vacancy and availability rates holding steady from the second quarter. For the first time since 2010, the market has reported six consecutive quarters of negative net absorption, but overall leasing activity is improving, with 5.7 million SF transacting during the third quarter. The overall DFW economy continues its recovery with the unemployment rate for Texas dropping to 4.7% during Q3. With out-of-state relocations continuing to occur, and activity picking up, the market is appearing to rebound from the lows witnessed throughout 2020.
As always, Cresa is dedicated to helping you navigate your commercial real estate needs to best support your business strategy.
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