Q2 2022 | Dallas-Fort Worth Office Market Report - THE TENANT ADVISOR
Q2 2022 | Dallas-Fort Worth Office Market Report - THE TENANT ADVISOR
Abstract
The Dallas-Fort Worth office market is showing mixed signals. Landlords are still pushing some of the highest rents the market has ever seen despite the highest recorded vacancy rate and minuscule absorption through mid-year. The second half of 2022 is poised for a strong rebound due to the fact that YTD leasing activity is up to pre-Covid levels. Many companies are waiting to see what competitors do before making a decision. Key Takeaways Absorption turned negative for the first time in four straight quarters. Overall vacancy rate turned negative in four consecutive quarters.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
DFW Office Market is Showing Mixed Signals The Dallas-Fort Worth office market is showing mixed signals. Landlords are still pushing some of the highest rents the market has ever seen despite the highest recorded vacancy rate and minuscule absorption through mid-year. The second half of 2022 is poised for a strong rebound due to the fact that YTD leasing activity is up to pre-Covid levels. The biggest challenge the market faces right now is that many tenants still have not defined their work-fr...
DFW Office Market is Showing Mixed Signals The Dallas-Fort Worth office market is showing mixed signals. Landlords are still pushing some of the highest rents the market has ever seen despite the highest recorded vacancy rate and minuscule absorption through mid-year. The second half of 2022 is poised for a strong rebound due to the fact that YTD leasing activity is up to pre-Covid levels. The biggest challenge the market faces right now is that many tenants still have not defined their work-fr...
DFW Metroplex Office Market is Almost Back to Normal 2021 was a tale of two halves. The first half saw the market still losing to the pandemic with massive amounts of negative absorption. The second half has proven that DFW is almost fully recovered from the pandemic. Absorption is positive again recording over 1.5 million [โฆ]
The post Q4 2021 | Dallas โ Fort Worth Office Market Report appeared first on THE TENANT ADVISOR.
DFW Metroplex Office Market is Almost Back to Normal 2021 was a tale of two halves. The first half saw the market still losing to the pandemic with massive amounts of negative absorption. The second half has proven that DFW is almost fully recovered from the pandemic. Absorption is positive again recording over 1.5 million [โฆ]
The post Q4 2021 | Dallas โ Fort Worth Office Market Report appeared first on THE TENANT ADVISOR.
Austin has continued to outperform most comparable markets in both leasing and post-pandemic office use Boots On The Ground Austin has continued to outperform most comparable markets in both leasing and post-pandemic office use. We continued to see demand and competition for Class A offices in core markets (CBD and surrounding, along with the Domain), which led to relatively flat vacancy and average rates which continued to trend flat or slightly up. A mixture of high-tech and professional serv...
Austin has continued to outperform most comparable markets in both leasing and post-pandemic office use Boots On The Ground Austin has continued to outperform most comparable markets in both leasing and post-pandemic office use. We continued to see demand and competition for Class A offices in core markets (CBD and surrounding, along with the Domain), which led to relatively flat vacancy and average rates which continued to trend flat or slightly up. A mixture of high-tech and professional serv...
Houston Highlights Houstonโs office market posted negative net absorption in Q2 2022, recording (-224,211) square feet. The overall average vacancy rate rose marginally by 10 basis points between quarters from 23.4% to 23.5%. Office inventory remained unchanged, as no new inventory was added and there is 2.0 million SF of office space under construction. Average rental rates increased over the year. Houstonโs Class A overall average full-service rental rate rose from $35.10 per square foot ...
Houston Highlights Houstonโs office market posted negative net absorption in Q2 2022, recording (-224,211) square feet. The overall average vacancy rate rose marginally by 10 basis points between quarters from 23.4% to 23.5%. Office inventory remained unchanged, as no new inventory was added and there is 2.0 million SF of office space under construction. Average rental rates increased over the year. Houstonโs Class A overall average full-service rental rate rose from $35.10 per square foot ...
Houston Highlights Houstonโs industrial market continued to gain momentum as leasing velocity reached over 10 million square feet in the second quarter. The increase in demand for space continued to spur new development with over 21 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonโs industrial market recorded 6.6 million square feet of positive net absorption in the second quarter. The vacancy rate decreased 280...
Houston Highlights Houstonโs industrial market continued to gain momentum as leasing velocity reached over 10 million square feet in the second quarter. The increase in demand for space continued to spur new development with over 21 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonโs industrial market recorded 6.6 million square feet of positive net absorption in the second quarter. The vacancy rate decreased 280...
Office Occupancy is Increasing, but the Return to the Office Has Been Slow Office return dates have been a moving target throughout the pandemic, particularly over the last 12 months, with plans being stalled by the Delta and Omicron variants in turn. Occupancy is comfortably above 50% in the leading Texas metros of Austin, Dallas, and Houston which has consistently been above other major markets according to Kastleโs Back to Work Barometer. As we approach the end of the third quarter as of la...
Office Occupancy is Increasing, but the Return to the Office Has Been Slow Office return dates have been a moving target throughout the pandemic, particularly over the last 12 months, with plans being stalled by the Delta and Omicron variants in turn. Occupancy is comfortably above 50% in the leading Texas metros of Austin, Dallas, and Houston which has consistently been above other major markets according to Kastleโs Back to Work Barometer. As we approach the end of the third quarter as of la...
A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
Houston Highlights Houstonโs vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houstonโs retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2...
Houston Highlights Houstonโs vacancy rate decreased 50 basis points from 5.6% to 5.1% over the quarter as more inventory was leased than new inventory delivered. Houstonโs retail sector recorded 1.3 million square feet of positive net absorption in the second quarter, pushing the year-to-date total absorption to 2.4 million square feet. Year-to-date leasing activity reached 3.1 million square feet, an increase of 24% when compared to mid-year 2021. The average asking rental rate increased 2...
Houston Highlights Houstonโs office market posted negative net absorption in Q3 2022, recording -409,185 square feet. The overall average vacancy rate rose marginally by 20 basis points between quarters from 23.1% to 23.3%. Office inventory increased slightly as 97,600 square feet of new inventory was added. There is two million square feet of office space under construction. Houstonโs average NNN rental rates increased over the year but fell slightly on a quarterly basis. Houstonโs Class...
Houston Highlights Houstonโs office market posted negative net absorption in Q3 2022, recording -409,185 square feet. The overall average vacancy rate rose marginally by 20 basis points between quarters from 23.1% to 23.3%. Office inventory increased slightly as 97,600 square feet of new inventory was added. There is two million square feet of office space under construction. Houstonโs average NNN rental rates increased over the year but fell slightly on a quarterly basis. Houstonโs Class...
Houston Highlights Houstonโs medical office building (MOB) market posted 531,293 square feet of positive net absorption in the first half of 2022, an increase over the 219,659 square feet recorded in the first half of 2021. The vacancy rate fell over the year from 13% to 12.1%. Houstonโs MOB inventory increased slightly with 514,775 square feet of new inventory added in the second half of 2022 and there is 2.3 million SF of MOB space under construction. The average asking NNN rental rate ro...
Houston Highlights Houstonโs medical office building (MOB) market posted 531,293 square feet of positive net absorption in the first half of 2022, an increase over the 219,659 square feet recorded in the first half of 2021. The vacancy rate fell over the year from 13% to 12.1%. Houstonโs MOB inventory increased slightly with 514,775 square feet of new inventory added in the second half of 2022 and there is 2.3 million SF of MOB space under construction. The average asking NNN rental rate ro...