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Market Report

Dallas-Fort Worth Office Market Report

2Q 2022

Job Growth in Traditional Office-Using Segments and a Wave
of New Leases are Promising Trends

Newer builds act as a magnet for firms. Leasing in the Metroplex improved during the opening stage of 2022, and the nature of commitments could indicate a flight-to-quality enkindled by the pandemic. Companies are frequently seeking out higher-end offices, especially those with flexible spaces, in locales with concentrations of young professional-friendly living options. This may be a strategy to procure a workplace that is desirable for in-person operations, presenting attractive amenities and easy commutes. In the Uptown Dallas and Victory Park areas, a bevy of firms inked leases earlier this year at offices built during the pandemic or still in the development phase. The Link at Uptown, which opened last year, secured a move-in from PMG planned for August, and Houlihan Lokey will occupy space here early next year. A few blocks north, Bank OZK inked a 15-year lease for four floors at a tower anticipated to open in 2025.
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