Q2 2022: 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.

Dallas-Fort Worth’s office market is continuing to see a healthy upward trend with 2.6 million SF of positive net absorption over the last 12 months. Q2 22 marks the fifth consecutive quarter of positive net absorption. Solid leasing activity of nearly 19 million SF of new leases signed in 2021, along with nearly 10 million SF signed in 2022 thus far, should drive net absorption in the second half of 2022, as tenants begin to occupy their new spaces. Rental rates are recovering, seeing a 4.2% year-over-year increase from Q2 21. At face, both vacancy and availability appear to remain event, though there have been 4.1 million SF of construction deliveries over the past 12 months, causing overall vacancy and availability SF to slightly increase.

As always, Cresa is dedicated to helping our clients navigate their commercial real estate needs to best serve your business strategy.

For More Information, Download Our Full Report