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Cushman & Wakefield office report: 4Q 2012 DFWCushman & Wakefield office report: 4Q 2012 DFWhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=80772013-03-06T07:55:00Z2013-03-01T00:00:00Z

DALLAS-FORT WORTH - Cushman & Wakefield has released its fourth quarter 2012 report for the DFW office sector.

Direct and overall absorption (includes absorption of sublease space) rose by 150.4 percent and 87.4 percent compared with year-end 2011, totaling 3.1 million sf and 3.0 million sf, respectively.

Overall vacancy for the metro area declined from 21.4 percent in 4Q 2011 to 19.1 percent in 4Q 2012. Direct asking rents decreased from $20.35 per sf in 4Q 2011 to $20.07 per sf in 4Q 2012. Year-to-date leasing activity increased 22.5 percent from 12.3 million sf in 4Q 2011 to 15 million sf in 4Q 2012.

DFW Office Report 4Q 2012 — Submarket Comparison
Submarket Inventory Overall
Vacancy
Rate
Under
Construction
YTD Overall Net
Absorption
Dallas CBD 28,791,412 27.5% 0 97,979
Dallas suburbs 152,853,414 19.6% 1,152,333 2,658,617
Dallas total* 181,644,826 20.8% 1,152,333 2,756,596
Fort Worth CBD 11,004,693 5.8% 146,607 131,954
Fort Worth suburbs 11,302,228 4.0% 0 143,761
Fort Worth total* 22,306,921 4.9% 146,607 275,715
DFW total 203,951,747 19.1% 1,298,940 3,032,311


*All submarkets not represented in the table

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