DFW's office vacancy drops, construction on the riseDFW's office vacancy drops, construction on the risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=57422013-11-13T07:31:00Z2013-11-13T00:00:00Z

DALLAS-FORT WORTH - Colliers International has released its Knowledge Report for the DFW region, in which the company reported a decrease in vacancy, and an increase in absorption and growing construction during third quarter 2013.

Vacancy stood at 15.7 percent, a drop from the 16.3 percent reported during 2Q 2013. Absorption was 2.3 million, bringing the year-to-date total to 3.5 million. Approximately 4.5 million sf is under construction, compared to the 2Q 2013 figure of 2.3 million sf.

Class A space vacancy was 15.9 percent, Class B was 17 percent and Class C at 10.8 percent.

On the absorption side, it was Class A space leading the way at more than 1.6 million, while Class B absorbed 732,110 sf in total. Class C space suffered, however, with absorption at -79,252 sf.

Read more at GlobeSt.com.

Dallas-Fort Worth-Arlington
http://www.globest.com/news/12_733/dallas/office/office-vacancy-drops-absorption-construction-increase-339638.htmlRead more at {Source}

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