Figures

Dallas/Fort Worth Office Figures Q1 2025

April 10, 2025 5 Minute Read

Looking for a PDF of this content?

Download

  • In Q1 2025, the average Class A vacancy rate declined despite the general upward trend in the broader DFW office market.
  • The overall average direct asking lease rate in Q1 2025 is $22.15 per square foot NNN, down slightly from $22.28 per sq. ft. NNN in the prior quarter.
  • Class A net absorption was positive for the second consecutive quarter, at about 140,000 sq. ft., while Class B wiped out those gains and more.
  • One small office project was completed in Q1 2025, alongside one new start, bringing active project square footage up just slightly to 2.6 million sq. ft.