DFW’s Office Market Third Quarter Ends on a Positive Note

 In BLOG

Dallas-Fort Worth had a slow second quarter but that is not the case for quarter three. Vacancies are rising in DFW thanks to being over the net absorption and unemployment is low with a job growth of 3%.

Class-A and Class-B have a bit of space between them with Class-B having absorption of less than half of Class-A. Rental rates for Class-A grew over 5% and Class-B grew just of 2%.

https://cdn.bisnow.net/fit?height=489&type=jpeg&url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2018%2F10%2F5bda3bea57d73_1Reszied_JLL_AskingRentsQ3.jpeg&width=717&sign=u8e0Lkojh15nCgkcP09IFp97Rx68PxVbudKJF0j_oBU

According to Bisnow, there are five key DFW statistics in the office market:

  1. Year-to-date net absorption: 2.1M SF
  2. Under construction: 6.2M SF
  3. Total vacancy: 19.7%
  4. Average asking rent: $27.68/SF
  5. Concessions: Stable

To read in more depth about this topic, please click here.

Leave a Comment