Dallas office vacancy improved, but tenant demand driving exceptional rent growth in Class A space

• Dallas has been part of a solid economic expansion during this cycle – 27.8 million square feet of Class A & B space has been absorbed since 2010.
• Although vacancy has ticked up slightly, it remains near historic lows despite continued construction.
• Tenants have consistently been choosing better-quality, newer space during this cycle, with Class A accounting for almost 90 percent of Class A & B demand since 2010.
• Despite similar current vacancy rates, this tenant interest in nicer space has propelled Class A rents significantly.  Since 2014, Class A average rents are up 33 percent.  

Source: JLL Research