DALLAS – Increased population growth and strong net migration are luring companies to the Metroplex and driving office expansion, says a Marcus & Millichap report.
North Texas continues to lead the nation's major metros in job growth, a large chunk of which includes traditional office-using positions.
Marcus & Millichap expects seven million sf of office space will deliver in 2018, down from the 9.4 million sf completed last year. Vacancy will climb 50 basis points to 20 percent, and average asking rents will increase 3.5 percent to $25.54 per sf.
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