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Transwestern: DFW office 4Q 2013Transwestern: DFW office 4Q 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=52932014-01-10T08:57:00Z2014-01-10T08:00:00Z

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.

Summary of Office Market Indicators
  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.

Transwestern
Dallas-Fort Worth-Arlington
Office
http://www.transwestern.net/market-research/documents/central%20-%20dallas%20fort%20worth%20outlook%20-%20q4%202013.pdfRead more at {Source}

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