Savills Studley: DFW office sector 1Q 2015Savills Studley: DFW office sector 1Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=12052015-04-24T08:39:00Z2015-04-23T10:00:00Z

DALLAS-FORT WORTH - Savills Studley has released its first quarter 2015 DFW office sector report, highlighting the Metroplex’s economical growth that puts it in the top quartile of cities around the world.

The regional average Class A rent rose by 1.5 percent to $24.70 and has jumped by 5.2 percent year-on-year, with particularly sharp annual growth in Las Colinas, the Dallas CBD and Uptown.

With all of the news about relocating firms and business expansion, a steady increase in availability has been overlooked.

Quarterly leasing volume fell below 3.0 million sf for the first time since 4Q 2012.

Slower leasing, coupled with mounting construction activity, appears to be pushing availability higher. The overall availability rate rose for the fourth quarter in a row, jumping from 21.7 percent to 22.3 percent. The Class A rate grew by to 23.6 percent.

Rental Rate Comparison*
US Index $33.15
Preston Center $31.63
Uptown $30.54
Fort Worth CBD $26.44
Central Expressway $23.89
North Dallas Corridor $23.72

*Chart represents top five submarkets by average rental rate

Source: Savills Studley.

No commercials, no waiting but do yourself a favor and get the full picture here 1Q 2015 Dallas Office Report by Savills Studley.

Need other data? See Dallas-Fort Worth-Arlington Market Research.

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