2021 Q3 DFW Office Snapshot

Overview

Overall quarterly net absorption moved into positive territory for the first time since 2019, as two built-to-suits by JPMorgan Chase (phase 2) and Keurig Dr Pepper both in Far North Dallas resulted in strong positive net absorption, but additional vacant sublease space kept the total net absorption number relatively flat for the quarter. For the third quarter, Class A was strongly positive, recording 660,940 square feet of total net absorption, while Class B and Class C were both negative, -538,753 square feet and -107,048 square feet, respectively.