2020 Q2 DFW Office Market Trends

Overview

The second quarter wrapped up with a drastic spike in local unemployment. Since May, initial payroll numbers have rebounded some, but overall employment has stayed significantly below levels seen in February, before shelter-at-home measures took effect. With Covid-19 wreaking havoc on the economy, we do have some upside in Dallas-Fort Worth with the region’s lower costs of living and tax advantages still expected to attract business from other parts of the country.