TAKEAWAYS

• Despite growing concerns over the acceleration of the COVID-19 Delta variant, the Dallas-Fort Worth (DFW) office market showed signs of stability in Q3.
• Quarterly leasing volume increased significantly to 3.6 million square feet (msf), its highest since the pandemic began. As a result, overall availability declined by 90 basis points (bps) over the quarter and average asking rents are holding flat at $25.44 per square foot (psf).
• According to the Bureau of Labor Statistics (BLS), DFW-area employment rose 5.4% locally over the year in August, compared to the 4.4% national increase.
• Notably, MultiView, Inc. renewed 82,903 square feet (sf) at 7701 Las Colinas Ridge in the Las Colinas submarket. Meanwhile, in the West LBJ submarket, Rushmore Mortgage relocated its office from 1755 Wittington Place to 8616 Freeport Parkway, leasing 81,045 sf.

Read the full report