Dallas Office Market on “Upward Trajectory”

Avison Young released its Third Quarter 2025 Office Market Report for Dallas-Fort Worth (DFW). 

The report says the DFW office market continued its upward trajectory in the third quarter of 2025.

Net absorption remained robust, with 725,000 square feet added in the third quarter, pushing the year-to-date total to 1.6 million square feet. This growth was largely driven by Class A assets, which accounted for 1.9 million square feet of absorption year-to-date, concentrated in high-demand submarkets such as Uptown, Preston Center, and Far North Dallas. This trend underscores tenants’ preference for high-quality, amenity-rich spaces that support talent attraction and retention.

Greg Langston, Principal and Managing Director at Avison Young, added, “Companies are doubling down on premium office environments to support culture, collaboration, and talent retention, and the DFW market is responding with resilience.”

Leasing activity rebounded sharply, totaling 4 million square feet in the third quarter—surpassing the five-year post-pandemic average. Year-to-date leasing volume reached 11.4 million square feet.

Vacancy rates declined to 25.2%, the lowest level in 2.5 years.