Publication

Dallas-Fort Worth 2019 Q1 Office Market Report

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Availability in Dallas-Fort Worth remains high, conditions vary greatly by submarket

Overall and Class A availability rates in the Dallas-Fort Worth market declined year-over-year by 60 and 150 basis points, respectively, to 24.4% and 23.7% in the first quarter of 2019. Overall availabilities range from just 8.1% in Southwest Dallas to 44.4% in Northeast Fort Worth. The East Dallas submarket availability rate increased drastically, rising 1,010 basis points year-over-year. Additionally, the Far North Stemmons, Las Colinas, and Mid-Cities submarkets all saw softening fundamentals with availability – and tenant options – increasing. The Northeast Fort Worth, North Fort Worth, West LBJ and Dallas CBD submarkets all saw availability tighten some over the past year. Both overall and class A asking rents are stable, seeing essentially no change year-over-year and ending Q1 at $24.05 per square foot (psf) and $26.39 psf, respectively. 

 

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