Dallas-Fort Worth Office Marketview
MARKETVIEW Dallas/Fort Worth Office, Q3 2018 Market fundamentals trend upward across the board 20.8% $25.03 PSF (FSG) 847,191 SF 1.4 MSF 4.0 MSF Figure 1: Historical Absorption and. Vacancy Rate *Arrows indicate change from previous quarter. Net Absorption (MSF) Vacancy Rate (%) 6 22 5 21 4 20 3 19 2 18 1 17 0 16 (1) 15 (2) 14 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 Q2 Q3 Q4 Total Annual Absorption Vacancy Rate Source: CBRE Research, Q3 2018. NEW DELIVERIES UP ABSORPTION MOST SQ. FT. DELIVERED IN 2018 DFW JOB MARKET REMAINS STOUT ASKING RENTS SEE SLIGHT INCREASE Q3 2018 CBRE Research © 2018 CBRE, Inc. | 1 MARKETVIEW DALLAS/FORT WORTH OFFICE Figure 2: Dallas/Fort Worth Office Market Statistics Average Net Total Total Under Q3 2018 2018 YTD Asking Deliveries Submarket Rentable Vacancy Availability Construction Net Net Rate FSG (SF) Area (%) (%) (SF) Absorption Absorption ($/SF/YR) Central Expressway 10,678,256 14.4 20.2 28.48 - - 151,663 (31,585) Class A 7,101,825 14.6 19.7 32.05 - - 126,238 (78,425) Class B 3,463,543 14.1 21.7 25.40 - - 26,703 45,364 Dallas CBD 26,183,962 28.0 33.6 25.49 163,025 - 88,759 298,033 Class A 20,922,462 29.6 35.5 28.16 163,025 - 142,784 456,899 Class B 4,824,143 23.3 28.1 20.74 - - (54,025) (178,074) East Dallas 2,130,164 14.7 17.4 19.40 294,820 - (18,425) (56,304) Class A 110,000 5.9 5.9 - 294,820 - (6,500) (6,500) Class B 1,668,863 16.7 19.1 18.23 - - (11,925) (90,656) Far North Dallas 42,300,279 20.1 25.7 26.76 858,387 240,000 449,022 (188,261) Class A 28,125,582 20.2 26.2 32.44 858,387
[Show full text]