|JLL: 4Q 2015 Dallas office insight to stats||JLL: 4Q 2015 Dallas office insight to stats||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11697||2016-01-12T06:00:00Z|
DALLAS - For 2015, the vast majority of positive net absorption was directly attributed to recently completed new construction, according to JLL’s latest Dallas Office Insight & Stats report.
Though a significant amount of new construction has been brought to the market, vacancy did not increase and upward rate pressure remains strong. The 18.7 percent total vacancy rate is not low by national standards, but is low by local, historic standards.
Year-over-year, overall direct asking rates increased for Class A and B space by 6.6 percent, and ranged from 1.1 percent in Preston Center to 11.5 percent for North Central Expressway.
Over the next year about 4.5 million sf of space is expected to deliver to the market.
To keep new supply and demand in balance, the Dallas market will have to maintain near record absorption levels over the next two years to match the current construction pipeline.
|JLL||Dallas-Fort Worth-Arlington||Office|| http://www.jll.com/dallas/en-us/research|
Click to see the full JLL Dallas Office Insight to Stats 4Q 2015 (PDF).