Snapshots

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.

August 21, 2019
  • 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

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