DALLAS—While the numbers have not all been crunched yet, it appears that office space tightened a bit North Texas in the first quarter of this year.
The Dallas Business Journal, speaking with reps from Cushman & Wakefield of Texas, reported Wednesday that absorption increased by more than 1.5 million square feet in Q1.
"This is going to be a good year for our absorption numbers," EVP Bill McClung, told me the Journal.
"There's going to be a movement form tenants sitting on the fence, especially if they are interested in the Uptown, Preston Center or Legacy market, to make a move or miss the boat."
By some measures, the demand for office space is stronger now than at any point since 2008.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
