Q2 2020: DFW Office Market Report
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 COVID-19 pandemic has defined the first half of 2020 with the DFW office market showing signs of stability despite leasing activity slowing.
Quarter-over-quarter, overall vacancy increased slightly from 16.1% to 16.6%, and nearly 3 million square feet of total available space was added. Overall rental rates remained steady. Strong economic underpinnings and a diverse economy have been factors as the metroplex gained 19% of the jobs lost since March 2020. Construction activity remains robust with 8.3 million SF, across 186 properties, currently underway.
As always, Cresa is dedicated to helping our clients navigate an uncertain and challenging climate.
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