DALLAS—The Dallas office market is hot, with developers set to deliver 6 million square feet of office space this year. With record-high absorption and total vacancy rates at a historic low, the cycle-topping sector is the focus of the second panel at this year's RealShare Dallas conference at the Crowne Plaza Downtown Hotel on Sept. 1.

In “Office: The Changing Landscape,” office-market experts will offer details about why the sector is thriving. Scheduled participants include Greg Fuller, chief operating officer of Granite Properties; Walt Mountford, executive vice president at KDC; and King White, CEO of Site Selection Group.

White, whose firm represents corporations and offers global location advisory and economic incentive services, is at the forefront of sector's influx of labor and corporate relocations.

“[The office market] seems to be reaching the top of the cycle on rental rates which should hopefully soften as more product gets completed,” White told GlobeSt.com. “The biggest hurdle Dallas-Fort Worth is facing is labor conditions are tightening and labor costs are increasing at a faster rate than the rest of the country due to the recent influx of new companies and expansion of existing companies. This could reduce future absorption in the market as companies go to other markets for expansion.”

Fuller's Granite Properties, which is redeveloping the West End Marketplace into creative office spaces, agrees at the assessment.

“Dallas's office market is as strong as it has ever been,” Fuller told GlobeSt.com. “We have record low vacancy and record high rates.”