JLL report: Downtown Dallas office leasing tops

DALLAS – Downtown Dallas has seen a big jump in office leasing this year, and a JLL’s Office Statistics Q3 2014 report says that the Central Business District leads North Texas in net office occupancy gains.

Expanding and relocating tenants leased about 558,000 sf of office space downtown through third quarter 2014, more than five times the total downtown net leasing in all of 2013 and the highest office space absorption number downtown in years.

Far North Dallas — which includes the busy Dallas North Tollway corridor — was second on JLL’s top office market list, followed by Las Colinas and North Central Expy.

So far in 2014, net office leasing in the Dallas area totals 1.75 million sf.

Overall office vacancies in the Dallas area have dropped to 19.5 percent — the lowest level in more than a decade.

Downtown Dallas’ office market has been boosted this year by major leases by companies including Santander Consumer USA, Active Network and Omnitracs.

For the full report, see JLL. For stats and info on office and more, see Dallas-Fort Worth-Arlington Market Data Sources.