Thursday, November 21, 2013

DFW Office Market Posts Strong Occupancy Gains

DALLAS (PMRG) – According to the latest report from PMRG, the Dallas-Fort Worth office market had occupancy gains totaling 810,826 sf during third quarter 2013, bringing the year-to-date direct absorption total to just over 2.5 million sf. This puts the market on pace to absorb 3.1 million sf for the year, approaching the 3.23 million sf absorbed in 2012.

Class-A product accounted for virtually all quarterly demand with 812,591 sf of direct absorption growth, pushing the year-to-date total to just over two million sf, far outpacing last year's annual gain.

Meanwhile, the Class-B sector had 1,301 sf of direct absorption, while the Class-C sector had a net loss of 3,066 sf during the third quarter.

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