Dallas second nationally for office building, leasingDallas second nationally for office building, leasinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=201342018-05-15T05:00:00Z2018-05-15T16:00:00Z

​​​DALLAS – ​​North Texas ranked second only to California's Silicon Valley as the top office-leasing market in the U.S. for the 12 months ending in first quarter 2018, according to Transwestern.

Seattle and Northern Virginia ranked third and fourth.

The Metroplex was also second in total office construction in first quarter 2018, behind only New York City. 

Transwestern estimates that net office leasing in DFW was over 5.5 million sf in the year ending with March.

Average asking office rents in the area were up by almost 3 percent year over year to $25.31 per sf. Local quoted office rents are about the same as the national average in Transwestern's survey.

With more than 15 percent of North Texas' building space empty, the average vacancy in the area is much higher than the 9.7 percent nationwide rate.​

Austin was eighth in the nation in total office construction.​
Dallas Morning News
Dallas-Fort Worth-Arlington
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