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United States | Dallas, TX

Report | Dallas Office Insight - Q2 2016

Summary

The construction pipeline continues to churn across Dallas, with construction rates above the market’s historical average, but not at record highs. Through the first half of 2016, 2.2 million square feet of new construction was completed, with another 3.3 million scheduled to be finished by year’s end.

Despite vacancy rates being on the rise—due to the large amount of new construction—rate pressure remains in place across all submarkets. We’ve found that direct asking rates for Class A and B space across Dallas are up 7.6 percent year-over-year. Uptown’s 12 percent y-o-y jump led all city submarkets.

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