Dallas-Fort Worth office market report

Q4 2023

(1.3) msf

Absorption

Despite strong office employment growth, absorption ran negative for 2023 due to a weak Q1. 

Quarterly absorption moved slightly positive in Q3 and Q4, but was not strong enough to erase Q1’s negative demand. 

70.6 msf

Availability

Available DFW direct and sublet space continues to rise—total availability topped 71 msf and 29.9% in Q4.

5.1%

Leasing activity

At 11.9 msf, 2023 leasing activity was sluggish and Q4 saw no meaningful year-end uptick. This slowdown comes in slightly lower on a percentage basis than the activity during the 2008-2010 “Great Recession”.

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Get in-depth office market reports and insights from commercial real estate experts in the Greater Dallas-Fort Worth (DFW) area. Avison Young advisors look at DFW commercial real estate activities and the latest DFW statistics to provide you expert market research on the area’s office properties.

Explore different topics like the latest office market pricing trends and analysis of DFW’s current office real estate market conditions. Gain a better understanding of DFW’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in the Dallas-Fort Worth Metroplex competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Dallas-Fort Worth.

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