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(Dallas-Fort Worth) - Thus far in 2009, 3.2 million sf of office space has delivered in the Metroplex, compared to 4.5 million sf during the same period a year ago. Of space delivered in the first nine months of 2009, 27 percent was leased upon delivery, compared to 40 percent a year ago. Dallas-Fort Worth Metroplex summary of office vacancy 2008-3Q 2009 includes:
Summary of Office Market Indicators - All Space
| Submarket |
September 2009 |
Direct Vacancy Rate at End of: |
September 2009 |
Net Absorption (SF)*
|
Total Vacant SF All Bldgs.
|
2008 |
3Q 2009 |
Vacancy Rate w/ sublet |
SF UC or Renovation |
2008 |
3Q 2009 |
YTD 2009 |
| Dallas |
44,527,787 |
17.4% |
17.8% |
18.8% |
2,306,258 |
3,839,000 |
(1,010,000) |
(399,000) |
| Fort Worth |
5,476,700 |
10.5% |
11.3% |
11.8% |
526,580 |
942,000 |
(266,000) |
168,000 |
| Total - DFW |
50,004,487 |
16.3% |
16.7% |
17.7% |
2,832,838 |
4,781,000 |
(1,276,000) |
(231,000) |
*Net change in physical occupancy for direct and sublet space combined.
For the complete report, see Transwestern Outlook.
Source: CoStar, Delta Associates - September 2009
[Transwestern]
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