{"id":1004557173,"date":"2021-11-09T14:29:00","date_gmt":"2021-11-09T22:29:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004557173"},"modified":"2022-12-07T16:30:39","modified_gmt":"2022-12-08T00:30:39","slug":"dallas-fort-worth-market-update-investments-cool-down","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dallas-fort-worth-market-update-investments-cool-down\/","title":{"rendered":"Dallas-Fort Worth Market Update: Investments Cool Down"},"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 strong August, when 2,802,943 square feet of office space changed hands, transaction activity cooled down across <a href=\"https:\/\/www.commercialsearch.com\/news\/kbs-sees-clear-skies-for-dallas-office-market\/\">Dallas-Fort Worth\u2019s office market<\/a> in September. According to CommercialEdge data, 14 properties totaling 1,617,148 square feet traded in the Metroplex that month, marking a 42.3 percent drop in traded square footage month-over-month. However, the index was nearly three times higher than the one recorded in September 2020, when 542,156 square feet had sold in the metro.<\/p>\n<p>The metro\u2019s transaction volume year-to-date amounted to an estimate $2 billion at an average price of $235 per square foot, 25.5 percent lower than the national average of $295 per square foot. The figures are nearly identical to the ones recorded in the same period of 2020, when sales added up to $2 billion at an average $235.8 per square foot.<\/p>\n<p>Most transactions pertained to traditional and flex office space, with only one deal involving a medical office building. Once again, investors prioritized Class B\/C properties, with only two Class A\/A+ assets in the transaction mix. Suburban assets made for 78.6 percent of the total number of investments.<\/p>\n<p>The largest property that traded in September was a four-building, <a href=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-buys-dallas-area-office-complex\/\">511,047-square-foot office campus<\/a> in the metro\u2019s Las Colinas submarket. Menlo Equities purchased the Class A asset in Irving from the joint venture of Partners Group and Accesso. The campus also features a 9-acre parcel of developable land that is already approved for the construction of additional office space.<\/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>. We included properties of 25,000+ square feet in our research.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traded office space witnessed a 42.3 percent drop month-over-month, according to CommercialEdge data.<\/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":[1586,21743,21742,21747],"tags":[51047,50674],"class_list":["post-1004557173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dallas-Fort Worth Market Update: Investments Cool Down - 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