DFW flight-to-quality drives rent growth and tightening availability for trophy and class A assets
DFW’s top submarkets see strong rent growth and shrinking availability as tenants favor trophy and Class A spaces in Preston Center, Uptown, and West Plano.
- Demand has concentrated in DFW’s urban core and premier suburban submarkets, driving outsized rent growth among trophy and class A assets. Since 2022, asking rents in Preston Center and Uptown have surged by 27%, reflecting continued flight-to-quality preferences for highly amenitized environments and proximity to top talent.
- For the overall market, DFW trophy and class A assets recorded an 8.4% reduction in availability alongside an approximately 15% increase in asking rents since year-end 2022, consistent with tightening top-tier fundamentals.
- Preston Center and Upper Tollway/West Plano experienced the most pronounced availability compression — down 59.7% and 23.5%, respectively — driven by limited new deliveries. Consequently, vacancy in Preston Center reached a 10-year low of 6.2%, while Upper Tollway/West Plano continues trending toward sub-20% vacancy.
