Marcus & Millichap

Dallas Local Office Report

Second Quarter 2019

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Developers Remain Active as Corporations Continue to Capitalize on North Texas

Newfound interest in Fort Worth headlines rising demand for urban offices. An infusion of white-collar jobs and a business-friendly environment will support strong leasing activity this year despite more than 8 million square feet of new space coming to fruition. The metro’s urban cores will drive the continued improvement of the Dallas/Fort Worth office market as availability in these areas is squeezed tighter. Downtown Fort Worth is attracting an increasing number of businesses as this area and its amenities become more compatible with young professionals, boosting the talent pool. In addition, Dallas’ core remains a primary beneficiary of booming economic growth witnessed across North Texas over the past several years.

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