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Dallas Market Reports

Dallas Office Market

Average Asking Rent (Price/SF)      $26.21
Vacancy Rate (%)        23.5%
Net Absorption (SF)    497,525

The Dallas Fort Worth office market continues to observe moderate metric changes through the third quarter. Population and employment growth are driving demand and interest for new space. Vacancy rates have seen little fluctuation over the last year and continue to hold steady near 19%. Direct leasing accounted for most of the leasing activity in the quarter with almost 3 million square feet. Sublease activity for the quarter was more moderate at 282,187 square feet, accounting for a small amount of the market's general activity.

Dallas Industrial Market

Average Asking Rent (Price/SF)             $6.26
Vacancy Rate (%)               6.2%
Net Absorption (SF)      3,456,209

The Dallas Fort Worth industrial market continues to function exceptionally well. The metroplex's strong economy, job market and population boom are some of the many reasons Dallas continues to see a substantial amount of supply. Leasing activity increased by approximately 3.0 million square feet to approximately 11.4 million square feet during the third quarter. The market's nearly nine-year streak of positive absorption continued during the third quarter, as approximately 3.5 million square feet was absorbed. Despite the considerable amount of speculative construction that has been delivered in recent quarters, vacancies are well below the market's historic average. The vacancy rate for the third quarter was 6.2%, a slight decrease from 6.3% in the previous quarter. The vacancy rate was also 6.3% at this time a year ago, showing that Dallas Fort Worth can handle its recent growth and new supply.

Dallas Office Market Report
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Dallas Industrial Market Report
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