DTZ: Dallas office snapshot 1Q 2015; key transactionsDTZ: Dallas office snapshot 1Q 2015; key transactionshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=6562015-06-22T00:23:00Z2015-06-22T06:45:00Z

DALLAS - DTZ (formerly Cassidy Turley) has released the Dallas Office Market Snapshot for first quarter 2015.

Dallas’ office market absorbed 1,489,066 sf in first quarter of 2015, while inventory increased by 1,915,718 sf. Overall market vacancy remained steady at 18.8 percent.

Class A vacancy decreased to 17.8 percent from the previous year of 17.9 percent, absorption continues to be a Class A story reporting 94 percent (1,390,668 sf) of the total absorption at the end of first quarter.

Year-end Class B absorption totaled 38,683 sf with the vacancy rate 20.2 percent from 19.8 percent at the end of 2014. The most active Class B submarket was LBJ with 121,706 sf of positive absorption.

Key Sales Transactions 1Q 2015
Property SF Seller/Buyer Price PSF Submarket
Canal Centre 238,051 JLL / Litbitzky $140.00 Las Colinas
Citymark 218,096 Hines / Bradford
& American National
$179.00 Uptown
Custer Court 120,596 Equite Office / Origin $151.00 Richardson/ Plano
NBC Universal 75,000 KDC / Olympus $343.00 Las Colinas

See the full Office Market Snapshot 1Q 2015 report.

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