Nov 01, 2019 - Dallas Business Journal

2018 Ended on a High Note for Office Leasing in DFW

Written by Claire Ballor, Staff Writer

The final stretch of 2018 brought the year’s highest quarterly absorption for office real estate in Dallas-Fort Worth.

Net absorption in the fourth quarter reached just over 1 million square feet, which surpassed the first three quarters of the year, according to a new report from commercial real estate firm CBRE (NYSE: CBRE). The overall market net absorption for 2018 totaled about 2 million square feet, which fell short of 2.7 million square feet of net absorption in the year prior.

The majority of office activity was focused in the Dallas CBD, Richardson/Plano, and Uptown/Turtle Creek submarkets, and Class A buildings accounted for more than 90 percent of total market absorption, the report said.

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