{"id":1004551372,"date":"2021-10-08T06:18:16","date_gmt":"2021-10-08T14:18:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004551372"},"modified":"2022-12-09T01:50:06","modified_gmt":"2022-12-09T09:50:06","slug":"dallas-fort-worth-market-update-vacancy-inches-downward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-vacancy-inches-downward\/","title":{"rendered":"Dallas-Fort Worth Market Update: Vacancy Inches Downward"},"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 a small drop in July, when the vacancy rate had reached 19.4 percent, Dallas-Fort Worth\u2019s office sector saw a slight improvement, although not equaling June\u2019s value. According to CommercialEdge data, the Metroplex reached an 18.9 percent vacancy rate in August, a 50-basis-point improvement month-over-month; however, the value was 60 basis points higher year-over-year.<\/p>\n<p>Same as in the previous month, the index remained higher than the national average rate of 15.4 percent. When compared to similar markets, the Metroplex was 300 basis points behind Austin (15.9 percent vacancy rate). At the same time, Atlanta surpassed it by 80 basis points, witnessing a 19.7 percent vacancy rate.<\/p>\n<p>Taking a closer look at the metro\u2019s submarkets with inventories larger than 9 million square feet, the majority saw incremental vacancy changes. Some of the largest improvements occurred in Plano (with vacancy dropping from 20.2 to 18.2 percent) and Dallas CBD (from 22.8 to 21.6 percent).<\/p>\n<p>Las Colinas, the Metroplex\u2019 largest office submarket, saw only a 5-basis-point vacancy rise month-over-month, also witnessing one of August\u2019s largest deals. Multiview signed an <a href=\"https:\/\/www.commercialsearch.com\/news\/regent-properties-lands-82-ksf-dallas-office-lease-renewal\/\">82,093-square-foot lease renewal<\/a> with Regent Properties at One Panorama Center in Irving, Texas. The business-to-business marketing agency anchors the 208,450-square-foot building that was completed in 1998 and renovated in 2015.<\/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\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although slightly improved, the Metroplex\u2019s office vacancy rate remained higher than that of neighboring Austin.<\/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":[21784,1586,22251,21742,21747],"tags":[51047,50674],"class_list":["post-1004551372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","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 v23.4 (Yoast SEO v24.6) - 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