May 8, 2018
Déjà vu as DFW office gains hit 27th quarter
DALLAS-FORT WORTH – The DFW office market completed the first quarter 2018 by adding a net 973,554 sf of direct absorption, its 27th consecutive quarter of net gains, according to...
DALLAS-FORT WORTH – The DFW office market completed the first quarter 2018 by adding a net 973,554 sf of direct absorption, its 27th consecutive quarter of net gains, according to PMRG’s 1Q 2018 DFW Office Market Report.
During 1Q 2018, Class A properties accounted for a net 1.3 million sf of direct absorption growth, increasing their trailing-12 month total to 3.4 million sf.
Meanwhile, the Class B sector experienced a net 446,643 sf of direct occupancy losses, and 714,383 sf of occupancy losses over the prior 12 months.
Already at record levels, Class A rents have surpassed their prerecession levels by 17.6 percent logged at mid-2008.
With a number of large high-quality availabilities diminishing from the market and record-high rental rates, lease negotiations will remain in favor of landlords within the most desirable submarkets during 2018.
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