JLL’s Dallas Research team has provided insight and analysis on the Dallas office market through the first half of 2016.
While vacancy has been ticking up, the market is still tight by Dallas standards. The report notes that net absorption was low in the first quarter, but was much stronger in the second.
Through the first half of the year, there has been just over one million square feet of net absorption.
Despite this healthy level of absorption, the vacancy rate increased slightly to 19.2 percent due to new spec construction delivered to the market. As previously noted, the vacancy rate is low by historic standards, but it is expected to continue to move upward as a sizable amount of new construction is delivered to the market over the next two years.
Learn more from the JLL Dallas Research team’s full interactive report by clicking here or the graphic below.
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