Savills Studley, the leading global commercial real estate services firm specializing in tenant representation, has released its 2016 Q2 Dallas/Fort Worth edition of the Savills Studley Office Market Report.
The quarterly report is an in-depth compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment trends and investment and development trends specific to the Dallas/Fort Worth region.
Highlights from the 2016 Q2 Studley Dallas/Fort Worth Report include:
Following banner years in 2014 and 2015, signs of an inevitable slowdown in leasing activity appeared in Q2 with a decline in the number of leases executed over 100,000 sf. The region’s Class A availability rate jumped by more than a full percentage point for the first time since 2009
As thousands of transplanted employees relocate and office buildings approach delivery, demand for real estate, professional services and other local amenities are expected to accelerate in the Upper Tollway area
The desire of large companies to relocate employees to the Metroplex is driven by several quantifiable reasons. These include lower costs of doing business, ample labor in the region and lower tax and regulatory burdens
Central Expressway buildings are in demand as creditworthy tenants seeking 10,000- to 20,000-SF have been turned away by some West Plano, Frisco and Las Colinas landlords reluctant to break up larger blocks of space
Downtown is still not sharing fully in the momentum enjoyed by other submarkets. Despite many older Downtown buildings trying to modernize with tenants in place, new product in Uptown provides firms the ability to capture more efficient space, the latest building technology and amenity-rich settings
Please click here to download the 2016 Q2 Savills Studley Dallas/Fort Worth Report, as well as a national report and reports for each of the 29 major U.S. markets.