Big D Pulls in Big Absorption, Nation’s Largest

The Dallas office absorption was nearly 5.3 million square feet last year.

DALLAS—Dallas/Fort Worth had the highest amount of office absorption of any US metro at nearly 5.3 million square feet in 2016. CBRE Research examines the recent US office sector rankings and how markets in the Lone Star State matched up. Texas claimed two of the top 10 highest metros for absorption and annual rent growth last year. In addition to DFW, Austin ranked eighth on the list. Houston’s supply in sublet availability came in first in the nation for the highest volume of sublease availability at 11.1 square feet, according to CBRE Research.

With its diverse economy and attractive business environment, DFW has become a hot spot for large companies. Several major corporations, including State Farm, 7-Eleven and Geico, relocated to DFW in 2016. In addition, DFW ranked third for annual rent growth, increasing 18.2%, driven by class-A CBD inventory within the Arts District.