• After Dallas/Fort Worth’s first quarter of negative absorption in almost 8 years, the market rebounded with demand leaping by nearly 580,000 sq. ft. during the past 90 days.

 

  • Currently 20 projects remain in the construction pipeline with a pre-lease rate of 60%, showing a strong demand for new office product coming to market.

 

  • Asking rates rose slightly for a DFW-wide average of $24.49, an increase of 27 basis points from Q1 2018.

 

  • More corporate consolidations and speculative development deliveries increased the vacancy rate by 40 basis points closing at 20.9%.

 

  • The DFW market maintained its robust job growth by adding 122,000 non-farm jobs since June 2017, a 3.4% annualized gain, the strongest among the 12 largest U.S. metros.