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.