The Dallas office market has shown robust investor confidence through August 2025 with year-to-date sales totaling $1.46 billion, according to Yardi Research Data. That’s a sharp jump from the $107 million recorded in all of 2024 and adds to the renewed interest we’re seeing in key national markets.

At the submarket level, Uptown Dallas stands out with at least two sizable deals closing recently.

First, The Link at 2601 Olive St. sold at the end of July for $218 million to Cousins Properties, marking the largest office sale in the Dallas-Fort Worth metro this year. The 292,000-square-foot, 25-story, Class A tower was completed by Kaizen Development Partners in 2021. Reportedly 93.6% leased at the time of sale, tenants include financial and legal firms, such as Houlihan Lokey, PMG and McGuireWoods. Its trophy-office status pushed the sale price to $747 per square foot — well above the year-to-date Dallas average of roughly $240 per square foot — and demonstrates the premium that investors are willing to pay for central, amenity-rich assets.

Also in Uptown, Seattle-based KBC Advisors acquired the Citymark Building for an undisclosed amount in early August. The 11-story, 226,000-square-foot, Class B office tower along the Katy Trail at 3100 McKinnon St. was originally completed in 1987. It then underwent a $7.5 million renovation in 2017, which added a one-acre deck park, a three-story lobby and updated common areas. KBC is now undertaking a $5 million renovation in preparation for a mixed-use conversion within the next 24 months, which will include office, retail and residential components, according to The Dallas Morning News.

Both moves signal rising demand in Dallas’s Uptown submarket. While North Dallas and Plano have perhaps dominated headlines for corporate relocations and new development in recent years, Uptown is steadily attracting more attention.

Meanwhile, for the overall Dallas office market, new development continues: Roughly 2.72 million square feet of office space was under construction in August — the largest active pipeline among major Southern markets. At the same time, the metro’s vacancy rate stands at 22.4%, which is above Houston (20.2%), but below Austin (26.5%).