- Sublease availability has returned to pre-pandemic levels, accounting for 9.7% of total available square footage, or 5.9 msf, as of April—marking a notable step toward market stabilization.
- Dallas’ urban and close-in suburban submarkets comprise just 20% of total available sublease space, while suburban submarkets along the Dallas North Tollway represent a higher 24%, pointing to a greater concentration of sublease availability in those suburban nodes.
- Class A Tier 2 and Class B assets have steadily reduced their share of available sublease space since peaking in 2022 and 2021, respectively. In contrast, Top Tier assets—including Trophy and Class A+ buildings — reached a recent high at year-end 2025, driven in part by Pioneer Natural Resources’ move-out from its former Las Colinas headquarters following ExxonMobil’s acquisition.
- Overall, the continued contraction in sublease availability signals a maturing post-pandemic office market recovery, as tenants complete rightsizing efforts and return-to-office policies become more established.
DFW office sublease availability points to market normalization
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