Just like this year’s Masters, top competitors in Dallas are in the hunt for the 1st place submarket
Extraordinary job gains continue to fuel a robust office market in Dallas
April 16, 2019
- Extraordinary job gains continue to fuel a robust office market in Dallas. The most recent numbers have DFW adding 102,500 jobs in the last year.
- While average office vacancy has inched up to 20.5 percent, it remains historically tight in Dallas’ highest demand submarkets, like Preston Center, Central Expressway, and Uptown.
- These tight conditions are fueling Class A & B rent growth across the region, with the top submarkets now achieving asking rates that are between 50 and 68 percent higher than they were at year-end 2010.
- While the 2019 Masters champion just received his “green jacket”, the competition for which submarkets will come out on top will remain heated, although the current leaders maintain a solid advantage.
Source: JLL Research