North Texas leads the nation in office building
DALLAS – DFW topped the country in office leasing in second quarter 2017.
Net office leasing in the area totaled 1.4 million sf in the last quarter, according to a new report from Cushman & Wakefield. Charlotte, N.C., was second with 1.1 million sf net leasing. Seattle (940,000 sf), Raleigh-Durham, N.C. (718,000 sf), and Nashville, Tenn. (667,000 sf) rounded out the top five.
Through the first six months of 2017, expanding and relocating businesses have net leased almost three million sf of DFW office space. That’s about 15 percent less than last year’s first-half numbers.
Midyear, North Texas was also one of the country’s top office construction markets with more than six million sf of construction. The region was second only to New York City with 9.5 million sf of office construction.
Nationally, more than 16 million sf of new office space opened its doors in the second quarter.
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