Newmark Grubb Knight Frank: Dallas 3Q 2015 office market

​​​​​​DALLAS-FORT WORTH – Positive net absorption reached 1,634,757 sf in third quarter 2015, according to Newmark Grubb Knight Frank’s latest office market report.

Year-to-date absorption totaled more than 5.1 million sf, ranking #1 nationally and easily outpacing the 4.1 million sf absorbed in all of 2014.

In response to stronger fundamentals, rental rates rose from $22.40 per sf in 2Q to $22.84 per sf in 3Q 2015 and vacancy is down 20 basis points from 18.2 percent to 18.0 percent.

Overall, 3Q 2015 completions pushed deliveries to more than 4.2 million sf of new office space. ​​

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