DALLAS-FORT WORTH - DFW's fast-growing economy has made it the hottest office market in the country. During the first nine months of 2016, the area led the country in net office leasing with 3.6 million sf of transactions, according to commercial real estate firm Cushman & Wakefield.
DFW was second in office construction to New York, with almost 8 million sf of buildings under construction.
Some more optimistic counts show net office leasing of more than 4.5 million sf in DFW this year—on track for a record.
With the high levels of office transactions, DFW is seeing some of the biggest office rent increases in the country.
Overall rents in the area are up more than 13 percent in 2016, behind only Brooklyn (14.5 percent) and San Francisco (13 percent) in total rent gains.
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