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Dallas, Houston office markets tops in 1Q 2014Dallas, Houston office markets tops in 1Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=44372014-04-11T23:11:00Z2014-04-11T00:00:00Z

DALLAS - Dallas was one of the top U.S. office markets for both net leasing and higher rents in first quarter 2014, according to a new report by Cassidy Turley.

The city ranked fourth nationally for net office leasing with 1.1 million sf of absorption. Office rents rose 7.2 percent, placing it sixth among the market with the largest percentage annual increases in office rent.

Nationwide, 70 percent of the office markets had higher office leasing in 1Q 2014. Net leasing was up 63 percent from 1Q 2013. Average U.S. office vacancy was 15.4 percent at the end of 1Q 2014.

Top 1Q 2014 U.S.
Office Leasing Markets
Market Net Office
Leasing
N. New Jersey 1,800,000 sf
Houston 1,700,000 sf
New York City 1,600,000 sf
Dallas 1,100,000 sf
Atlanta 890,000 sf
Central New Jersey 851,000 sf
San Francisco 695,000 sf
Phoenix 625,000 sf
Denver 575,000 sf
W. Palm Beach, FL 383,000 sf


Source: Cassidy Turley

Dallas Morning News
Dallas-Fort Worth-Arlington
Office
http://bizbeatblog.dallasnews.com/2014/04/dallas-was-one-of-the-top-office-markets-in-first-quarter.html/Read more at {Source}

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