Cushman & Wakefield: DFW office occupancy up nearly 50 percent

​​​DALLAS-FORT WORTH – As businesses grow, office occupancy across DFW has grown about 50 percent in 2015.

A Cushman & Wakefield report shows net office leasing of 4 million sf through the first three quarters, up from 2.7 million sf at this time last year.

The demand is also triggering increases in rental rates with an almost 6 percent increase from third quarter last year.

DFW is adding more office space, too, with almost 7 million sf under construction with almost half of that pre-leased.

It’s no surprise where the majority of the office leasing is occurring either in Richardson’s Telecom Corridor (think CityLine pictured above), Las Colinas, Legacy West in Plano and the $5 billion mile in Frisco.