Dallas The area has a steady stream of expansions and relocations.

DALLAS—The DFW office market is showing no signs of slowdown from its growth mode, as large expansion and relocation announcements become more common. Verizon Corp. and KDC are planning a mixed-use development that would include three million square feet of office space at Las Colinas, JP Morgan Chase plans to begin construction on 1.4 million square feet at Legacy West, Charles Schwab is awaiting ground-breaking on its 1.2 million-square-foot campus at Circle T Ranch, and build-to-suits are in planning stages for Fannie Mae (330,000 square feet at Granite Park) and Interceramic USA (330,000 square feet at Austin Ranch), among others.

The DFW office market ended the quarter with a net 717,419 square  feet of direct absorption, bringing its trailing 12-month total to nearly 4.5 million square feet of space, according to a report by PMRG. Corporate expansions within the market were the driving force behind the demand witnessed during the quarter. Occupancy rates in DFW have been approaching the highest levels since 2002, which has given developers confidence in breaking ground on new product, while encouraging tenants to secure long-term leases as large space options dwindle.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.