Jan 10, 2014
Transwestern: DFW office 4Q 2013
DALLAS-FORT WORTH - Transwestern and Delta Associates have released their latest DFW Outlook for office and industrial space for year-end 2013. The office market saw healthy growth with: • Net absorption...
DALLAS-FORT WORTH - Transwestern and Delta Associates have released their latest DFW Outlook for office and industrial space for year-end 2013.
The office market saw healthy growth with:
• Net absorption in fourth quarter 2013 of 795,000 sf; 4.2 million sf in all of 2013;
• Overall vacancy rate at 15.5 percent, down from 15.7 percent at 3Q 2013 and 16.5 percent a year ago; and
• Asking rents increasing 1.6 percent during 2013, likely to continue rising in 2014.
| December 2013 | Direct Vacancy Rate End of: | Net Absorption | |||||||
| Submarket | Total Bldgs. | Total Rentable SF | SF Under Construction | 2011 | 2012 | 2013 | 2011 | 2012 | 2013 |
| Dallas | 2,281 | 247,672,379 | 4,489,011 | 17.8% | 16.8% | 15.4% | 3,649,000 | 3,053,000 | 3,935,000 |
| Fort Worth | 717 | 50,130,328 | 587,042 | 10.8% | 10.5% | 11.1% | -20,000 | 158,000 | 228,000 |
| Total DFW | 2,998 | 297,802,707 | 5,076,053 | 16.6% | 15.8% | 14.7% | 3,629,000 | 3,211,000 | 4,163,000 |
For Transwestern’s DFW Industrial stats, check out Newstalk Texas. See more year-end data at DFW Market Data Sources.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.