DALLAS-FORT WORTH - The DFW office market has absorbed 1 million sf of space year-to-date, said Sara Rutledge, CBRE's director of research and analysis.
The majority of the absorption is seen in Class B office space in Richardson, Las Colinas and Plano. Class A office space stayed relatively flat. Space in well-located areas with amenities — such as Uptown, Preston Center and the Legacy area — are not deterred by rising rents.
Part of that growing demand for office space in North Texas is tied to jobs and people making the move to North Texas. In the last 12 months ending in April, North Texas added 104,900 jobs.
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