Dallas-Fort Worth office market report

Q2 2026

Two colleagues walking together and iscussing work

Through the second quarter of 2026, the Dallas-Fort Worth office market continued to demonstrate solid momentum, recording 1.1 million square feet (msf) of positive net absorption and 3.5 msf of leasing activity. Demand remains heavily concentrated in top-tier assets, with trophy and class A assets capturing 73% of total leasing volume. As occupiers compete for a shrinking supply of premium space, availability within the region's most desirable buildings continues to tighten, supporting rent growth and strengthening landlord leverage across DFW's strongest submarkets.

1.1 msf

Net absorption remains solid

Net absorption remained strong in Q2, fueled by positive year-to-date absorption across both trophy and class A assets.

25.3%

Vacancy rates edge lower

Vacancy remains above historical norms but has declined 140 basis points from its late 2024 peak.

3.5 msf

Premium assets capture leasing demand

Leasing activity totaled 3.5 msf, with trophy and class A capturing 73% of quarterly leasing volume.

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