JLL COW (Chart of the Week): Dallas construction cyclesJLL COW (Chart of the Week): Dallas construction cycleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=133752016-06-01T05:00:00Z


​DALLAS - Before 2005, Dallas’ office construction cycles were highly volatile. Unlike many U.S. markets where recessions ushered in high negative absorption, Dallas softened almost exclusively due to “overbuilding”

—that hubris often extended well into the downturn (see 2001-03).

—Dallas’ current office pipeline is ramping-up. While large build-to-suits mask some market risk, many tenants will be relocating from space elsewhere, ultimately putting pressure on absorption and vacancy.

—So far in this cycle, vacancy remains near historic lows, even with 5.2 million sf of spec space having been delivered. Construction as a percent of inventory, however, is now at 5 percent—and on an upward trajectory, with an increasing share that is spec. 

Jones Lang LaSalle (JLL)
Dallas-Fort Worth-Arlington
http://www.us.jll.com/united-states/en-us/Research/north-america-cow.pdf?6c78f1ba-2de3-4c9d-8e28-053c8f978db5Read more at {Source}

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