Tightening availability highlights continued demand for newer, high-quality office product in Dallas

Line chart and bar graph showing Dallas office availability trends by building vintage (1970s–2010s+) from 2020 to 2026, with total available space peaking near 70 million SF in 2023 before declining. Newer buildings (post‑2010) remain tight at 18.9% availability, while 1990s properties are highest at 33.2%, highlighting a widening gap between modern and older inventory.
  • Overall availability has continued to contract from its 2023 peak; however, conditions vary meaningfully by building vintage. Office assets delivered since 2010 remain notably tighter, with availability at 18.9%, while 1990s-vintage properties report the highest rate at 33.2%.
  • Dallas’ urban core availability stands at 27.6%, although newer product remains significantly constrained, with buildings delivered since 2010 reporting availability of 11.8%. At the submarket level, Preston Center has no availability among newer assets, while Uptown and the Dallas CBD report rates of 13.7% and 13.5%, respectively, for post-2010 product.
  • The widening availability gap between post-2010 assets and older inventory underscores continued tenant preference for newer, amenity-rich buildings. Availability is expected to continue declining in the near term, as upcoming deliveries are already heavily pre-leased, limiting the volume of new competitive supply entering the market and supporting pricing power for newer assets.
     

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