PMRG: Occupancy rates DFW office confidencePMRG: Occupancy rates DFW office confidencehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=129842016-04-26T05:00:00Z2016-04-26T20:30:00Z

​DALLAS-FORT WORTH - The DFW office market is showing no signs of slowdown from its growth mode, as large expansion and relocation announcements become more common.

The DFW office market ended first quarter 2016 with a net 717,419 sf of direct absorption, bringing its trailing 12-month total to nearly 4.5 million sf of space, according to a report by PMRG.

Corporate expansions within the market were the driving force behind the demand witnessed during the quarter.

Occupancy rates in DFW have been approaching the highest levels since 2002, which has given developers confidence in breaking ground on new product, while encouraging tenants to secure long-term leases as large space options dwindle.

During the quarter, Class A properties absorbed a net 395,222 sf of direct space, compared to 269,032 sf in the Class B sector.

Class B occupancy is higher than Class A rates for the first time since mid-2000, however this trend will likely be short lived as tenants move into newly delivered Class A space.
Dallas-Fort Worth-Arlington

​Click to see PMRG's Office Market​ at a Glance 1Q 2016 (PDF)

Read more at {Source}

 Search NewsTalk Texas