DALLAS-FORT WORTH – Office developers remain active as corporations continue to capitalize on North Texas, according to a Marcus & Millichap report.
An estimated 8.1 million sf of space is expected to come online in 2019, up more than 25 percent over the year. This total is still 2.3 million sf
below the cyclical high posted in 2017.
Office vacancy is predicted to remain steady at 18.9 percent this year. The rate inched up 20 and 70 basis points in the previous two years.
The average asking rent will remain relatively affordable compared with the nation’s
other major metros. The figure will rise 2.2 percent to $25.89 per sf.
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