Report | Dallas Office Insight - Q1 2016
Rate pressure remains in place across Dallas, despite a vacancy rate increase in Q1 caused by new speculative construction outpacing net absorption.
Year-over-year, asking rates for both Class A and B space are up 7.4 percent. Vacancies sit at 19.1 percent (as of Q1 2016).
With 2.5 million square feet of vacant spec construction set to deliver this year, strong net absorption will be needed to keep pace to avoid a vacancy rate increase. Leasing activity points toward strong absorption later in the year, but not matching the construction pipeline.
Learn more about what’s happening right now in Dallas—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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