Dallas Office Market Gains Top 3 Spot on International List
Since early 2016, Dallas’ office market rent growth has averaged 10.2 percent, just behind Chicago’s 10.4 percent and the impressive 28.9 percent in Sydney, Australia. These three cities topped JLL’s recent office rent survey that looked at the top 30 global markets.
Across all markets, the survey found that average office rents grew 2.3 percent this year compared to last year, and even though the growth in North Texas has been quite higher, analysts predict the growth will slow slightly.
The most impressive stat, though, might be that office rents in the Dallas area have skyrocketed 25 percent in five years.