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Five Fast Facts: Dallas Office Real Estate Q1 2022

Andrew Desai • 4/18/2022

Read our 5 Fast Facts to learn more about the key trends that impacted the Dallas-Fort Worth office market in the first quarter.

  1. Leasing Rebounds - Q1 saw nearly 3.1 msf of leases transacted, an increase of 8.7% year-over-year.
  2. Continued Flight to Quality - As occupancy increases, tenants are choosing newer, amenity rich properties. Class A occupancy grew in Q1 by 236,296 sf while Class B and C occupancy dropped by 44,268 sf as tenants continue their flight to quality. 
  3. Vacancy Inches Lower - Overall vacancy rates continued their downward trajectory, decreasing another 10 basis points from the previous quarter, down to 21.6%
  4. Asking Rates Rise - Asking rental rates have increased in DFW, rising 3.8% year-over-year to $27.93*
    *Rental rates reflect gross  asking $psf/year
  5. Construction Continues - Despite supply chain constraints and increasing costs, construction on new office products continues in DFW with nearly 4.8 msf of space under construction

  6. Dallas Q1 2022 Five Fast Facts

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