TAKEAWAYS

• While the Dallas-Fort Worth office market presented some improvement in the second quarter, availability continued to increase due to ongoing pandemic leasing challenges, the delivery of new office developments and increasing sublease availabilities.
• More employers are beginning to refocus on real estate needs as the Centers for Disease Control and Prevention (CDC) COVID-19 data tracker shows that more than half of vaccine-eligible populations have now been fully vaccinated nationwide.
• Leasing activity ticked up in the second quarter with 2.3 million square feet (msf) leased, which is likely to hold pace through the remainder of the year as more organizations are back in the office.
• Notably, Federal Deposit Insurance Corporation signed a long-term lease at 600 North Pearl Street in the Dallas CBD submarket. In the West LBJ submarket, American Honda Finance Corporation renewed at 3625 West Royal Lane.

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