{"id":1004589476,"date":"2022-07-12T20:17:14","date_gmt":"2022-07-13T04:17:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004589476"},"modified":"2022-12-08T18:10:43","modified_gmt":"2022-12-09T02:10:43","slug":"dfw-doubles-up-in-office-construction-yoy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dfw-doubles-up-in-office-construction-yoy\/","title":{"rendered":"DFW Doubles Office Construction"},"content":{"rendered":"

\"\"<\/a>A little over 10 million square feet of office space was under construction as of May, according to CommercialEdge<\/strong> data, representing 3.2 percent of stock; on a national level, office space underway as a percentage of stock had reached 2.2 percent. The total was more than double what was recorded in May 2021, when only 4.5 million square feet were underway.<\/p>\n

When compared to similar secondary markets, The Metroplex ranked second in terms of pipeline size relative to total stock. A whopping 10 percent brought Austin the number one position, while Atlanta ranked third, with 1.8 percent. The national office pipeline totaled more than 151 million square feet as of May.<\/p>\n

Most developments will add traditional office space to inventory. Some 944,000 square feet, or 9.4 percent of the total pipeline, pertain to medical offices, while flex office and life science buildings account for only 3.5 percent. Platinum Corridor North was, once again, the metro\u2019s leading submarket in terms of pipeline size, with office construction reaching 2.7 million square feet. Plano followed, with nearly 2.2 million square feet underway.<\/p>\n

More than 3.4 million square feet is expected to enter the metro\u2019s supply by the end of the year. One of developments approaching the finish line is VariSpace<\/a>, a 180,000-square-foot project in Coppell and one of the few office buildings underway in the Lewisville submarket. Upon completion, the three-story property will serve as global headquarters for flexible workspace solutions company Vari<\/strong>.<\/p>\n

CommercialEdge<\/a> covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 10 million square feet were underway as of May, the latest CommercialEdge report 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":[1586,21782,21742,21747],"tags":[51047,50674],"class_list":["post-1004589476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-latest","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"\nDFW Doubles Office Construction - CPE<\/title>\n<meta name=\"description\" content=\"Office construction reached a little over 10 million square feet in The Metroplex as of May, representing 3.2 percent of stock.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dfw-doubles-up-in-office-construction-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DFW Doubles Office Construction\" \/>\n<meta property=\"og:description\" content=\"Office construction reached a little over 10 million square feet in The Metroplex as of May, representing 3.2 percent of stock.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dfw-doubles-up-in-office-construction-yoy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-13T04:17:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:10:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"930\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/\"},\"author\":{\"name\":\"Adriana Marinescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d8680cf55f814fe2742cf94207212af1\"},\"headline\":\"DFW Doubles Office Construction\",\"datePublished\":\"2022-07-13T04:17:14+00:00\",\"dateModified\":\"2022-12-09T02:10:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/\"},\"wordCount\":251,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/Market-Update-resized.jpg\",\"keywords\":[\"#MarketUpdate\",\"CommercialEdge\"],\"articleSection\":[\"Dallas\",\"Development\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-doubles-up-in-office-construction-yoy\\\/\",\"name\":\"DFW Doubles Office Construction - 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