{"id":1004545066,"date":"2021-07-30T01:49:42","date_gmt":"2021-07-30T09:49:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004545066"},"modified":"2022-12-04T18:40:37","modified_gmt":"2022-12-05T02:40:37","slug":"dallas-fort-worth-market-update-vacancy-moves-in-right-direction","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-vacancy-moves-in-right-direction\/","title":{"rendered":"Dallas-Fort Worth Market Update: Vacancy Moves in Right Direction"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004545005\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-market-update-slow-and-steady-development-progress\/market-update-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" data-orig-size=\"1200,930\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Patricia Todoran&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497549143&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;1&quot;}\" data-image-title=\"Market-Update-resized\" data-image-description=\"&lt;p&gt;Office Sales Update Q2&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=1024\" class=\"alignright wp-image-1004545005 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=1024,794 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>After gaining some solid ground in May, Dallas-Fort Worth\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/balance-still-tilts-toward-tenants-in-dallas\/\">office sector<\/a> improved some more in June, as the average vacancy rate reached 18.5 percent, according to CommercialEdge data. The figure is down 20 basis points month-over-month and down 100 basis points year-over-year.<\/p>\n<p>Despite the improving trend, the rate is 290 basis points higher than the national average rate of 15.6 percent, which held steady month-over-month. The Metroplex&#8217;s vacancy rate is 210 basis points behind Austin (16.4 percent vacancy rate), but 150 basis points ahead Atlanta (20.0 percent vacancy rate).<\/p>\n<p>Class A\/A+ and B properties fared better in June, with vacancy down 20 and 40 basis points in the two asset classes. When looking at a more granular level, some of the metro\u2019s submarkets showed strong activity: West Dallas&#8217; vacancy rate was down significantly month-over-month (310 basis points), followed by Dallas CBD, Northwest Dallas and East Fort Worth (180 basis points each).<\/p>\n<p>Although maintaining a high vacancy rate of 22.7 percent, downtown Dallas saw two noteworthy leasing deals in June. The Federal Deposit Insurance Corp. (FDIC) signed a long-term, 163,005-square-foot lease at Plaza of the Americas, the 1.1 million-square-foot mixed-use property within the Dallas Arts District. The company will be relocating its regional office from Energy Plaza.<\/p>\n<p>June\u2019s second largest transaction was also a relocation. Integrity Marketing Group leased some 100,000 square feet across six floors at Fountain Place, the 60-story skyscraper at 1445 Ross Ave. The company&#8217;s headquarters was previously at 9111 Cypress Waters Blvd. in Coppell.<\/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-july\/\">here<\/a>.<\/em><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite improvement, the rate remains considerably higher than the national average, the latest CommercialEdge data shows.<\/p>\n","protected":false},"author":870,"featured_media":1004545005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,22251,21742,21747],"tags":[51047,50674],"class_list":["post-1004545066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-in-focus","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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