{"id":1004541930,"date":"2021-07-13T05:02:02","date_gmt":"2021-07-13T13:02:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004541930"},"modified":"2022-12-05T12:10:25","modified_gmt":"2022-12-05T20:10:25","slug":"dallas-fort-worth-market-update-signs-of-improvement","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-signs-of-improvement\/","title":{"rendered":"Dallas-Fort Worth Market Update: Signs of Improvement"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004535278\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/new-york-city-market-update-manhattan-development-pipeline-increases-yoy\/market-update\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Market-Update\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?w=800\" class=\"alignright wp-image-1004535278 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Market-Update.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Dallas-Fort Worth\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-dallas-2\/\">office sector<\/a> started to show signs of recovery in May as the vacancy rate registered the first significant drop this year after a slow and steady buildup. According to CommercialEdge data, the vacancy index reached 18.7 percent, a 50-basis-point decrease month-over-month, and 310 basis points higher than the national average rate of 15.6 percent.<\/p>\n<p>When compared to similar markets, <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/dallas-fort-worth-market\/\">the Metroplex<\/a> was 110 basis points behind Austin, a metro with a 16.7 percent vacancy rate as of May, while Atlanta had an 19.6 percent vacancy rate.<\/p>\n<p>The metro\u2019s largest submarket, Las Colinas, fared well in terms of office leasing, having recorded a vacancy rate of 17.6 percent, 110 basis points lower than the Metroplex. One of the area\u2019s deals that closed in May pertained to flexible office spaces: Building on an anticipated increased demand, Bridge Commercial Real Estate launched a <a href=\"https:\/\/www.commercialsearch.com\/news\/bridge-investment-launches-abridge-flex-office-space-program\/\">flex office program<\/a> that included leasing space at the 243,109-square-foot Tower 1320 in Irving, Texas.<\/p>\n<p><em>CommercialEdge covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report-2021-june\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Metroplex\u2019s office sector saw a 50-basis-point, month-over-month drop in vacancies in May, according to CommercialEdge data.<\/p>\n","protected":false},"author":870,"featured_media":1004535278,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,22251,21742,21747],"tags":[51047,50674],"class_list":["post-1004541930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-in-focus","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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