office report Dallas led absorption in 2017 with nearly 5.3 million square feet.

DALLAS—Significant net absorption in markets such as Dallas/Fort Worth and Austin, TX contributed to a decline in vacancy, as did a deceleration in new construction starts during the fourth quarter, according to Transwestern’s 2017 year-end report on the national office market. Ryan Tharp, director of research for Transwestern’s Dallas office, noted that Dallas led absorption in 2017 with nearly 5.3 million square feet.