Cbre Dallas Office Market Report

Market for growth in office jobs in 2019 and it ll be another top generator in 2020 according to a forecast from commercial real estate firm cbre.

Cbre dallas office market report. Cbre leverages the comprehensive perspective provided by full time researchers across canada and around the world and couples it with local market insight to anticipate what s next and determine what trends mean for our clients real estate assets and bottom line. The dallas fort worth metro area lost 226 800 non farm jobs during the 12 months ending may 2020 resulting in a 6 0 decline year over year according to preliminary data from the bureau of labor statistics. Dallas after a year of sliding and volatile oil prices the commercial real estate fallout in energy markets is mixed across north america and by property type but fears about widespread adverse impacts have not been realized according to a new report from cbre group inc. Export current map to xls export current map to pdf.

Industrial rent observed strong upward growth 3 y o y across all regions. The impact in dallas ft. Net absorption fell to negative 639 155 square feet according to a report by cbre while office vacancy rose 110 basis points to 21 8 percent. Over 45 years ago cbre became the preeminent provider of end to end real estate services in the dallas fort worth region.

Net leasing in the area was down more than 150 000 square feet in the first quarter before the worst of the pandemic. Office and industrial sectors continue to show strength while the retail sector has begun to trend down. Today cbre continues to lead the region with hundreds of professionals collaborating without borders across multiple full service offices. Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s.

In dallas fort worth excluding owner occupied buildings. Worth has been minimal as commercial real estate fundamentals in the market have shown. Dallas fort worth s booming office market is being derailed by covid 19. Financial activities one of the office using sectors was the only industry supersector th.

This is the highest office vacancy has been in north.