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- In the third quarter of 2024, the Dallas-Fort Worth office market demonstrated resilience, with strong demand for Class A space driving a positive net absorption of over 1.3 million sq. ft. and reducing the overall vacancy rate to 25.2%.
partnersrealestate.com/research/dfw-office-q3-2024-quarterly-market-report/
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2 days ago · Q3 2024 in Review. In the third quarter of 2024, the Dallas-Fort Worth office market demonstrated resilience, with strong demand for Class A space driving a positive net absorption of over 1.3 million sq. ft. and reducing the overall vacancy rate to 25.2%. New construction remains robust, particularly in Uptown and Far North Dallas, where over ...
Feb 16, 2024 · Expect average rates around $30 per square foot annually, with variations depending on location. Upscale areas like Uptown/Turtle Creek command premiums exceeding $40 per square foot, while suburban locations offer options in the mid-$20s.
Dallas Office Market. Annual full-service asking rental rates increased by 1.0% year over year to $30.60/SF, reflecting a minimal 0.1% decrease from the historical high while rents remain elevated.
Aug 2, 2024 · Vacancy Rate Continues to Increase. Net absorption—move-ins minus move-outs—emerged from negative territory at 116,102 sq. ft. in Q3 2023, up from -369,660 sq. ft. the prior quarter. Class A office space noted 415,354 sq. ft. of positive absorption, whereas Class B office space recorded -240,068 sq. ft. of negative absorption.
Jan 15, 2024 · Resilient, affordable office space market. Dallas enjoys the second-most active commercial real estate market in the nation. As such, businesses have a variety of workspaces to choose from in the city. Offices for rent in Dallas are also more affordable than those in other technological hubs.
Dec 8, 2023 · Dallas boasts a diverse range of office spaces tailored to meet the unique needs of businesses. Traditional office spaces, often found in high-rise buildings or business parks, provide a sense of permanence and corporate identity.
Dallas has plenty of office space for lease, with over 66 million square feet available for rent. The Uptown, Freeport, Richardson Industrial, Quorum, LBJ Freeway, Park Central, Office Center, North Dallas, and North Central Expressway are some of the popular office locations within the city.
