Q4 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.
The Dallas-Fort Worth office market is seeing signs of recovery while uncertainty in the office market persists. As a result of the wider adoption of hybrid work models and rising levels of available sublease space and causing construction activity be relatively restrained. DFW’s expanding economy added 275,800 jobs last year, growing 7.4%, up 228,300 jobs since February 2020. Vacancy rates in the market have stabilized over the past as the metroplex reports -120,000 SF of positive net absorption over the last 12 months, an indication that demand is stabilizing. Leasing activity was dominated by high-quality suburban and urban offices, led by Uptown/Turtle Creek and Upper Tollway/West Plano.
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