Leasing activity up at mid-year 2024 as office space demand remains broad-based

After decreasing to just 2.2 million square feet (msf) in Q1 2024, leasing activity in the Dallas-Fort Worth office market increased to 2.7 msf in Q2 2024. Led by two deals by Jones Day for a total of 164,108 square feet (sf), as well as Onsemi leasing 97,496 sf in Allen and Inform Diagnostics leasing 96,500 sf in Coppell, respectively, demand remains steady and broad-based. However, it should be noted that despite the region's strong economic growth relative to the rest of the country, office-using employment growth has slowed over the past year, especially in the technology sector.

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