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Key Takeaways
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Leasing quantity reached 7.6 M SF through the first half of 2026, reflecting stronger tenant demand throughout North Texas.
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Trophy workplace buildings attracted the biggest leases, whereas sublease stock and general availability continued to say no.
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Older workplace corridors, significantly downtown Dallas, nonetheless face elevated emptiness regardless of bettering market fundamentals.
The DFW workplace market entered the second half of 2026 with stronger fundamentals than it has seen in a number of years.
Based on Savills USA, tenants leased 7.6 M SF through the first six months of the 12 months, up almost 13% from the identical interval in 2025. On the identical time, general availability declined to 26% from 28.1%, and landlords continued pushing asking rents increased. The numbers counsel that workplace demand is broadening past headline relocations as corporations decide to long-term office methods.
Flight To High quality Continues
The market’s restoration stays centered on high-quality workplace house quite than a broad rebound throughout each asset. Firms from monetary companies, healthcare, know-how, and authorized sectors continued renewing leases, relocating to newer buildings, and upgrading office environments.
Savills additionally reported that roughly 2.5 M SF of sublease stock disappeared over the previous 12 months. That discount indicators fewer corporations are shedding extra house, a notable shift from the downsizing that outlined a lot of the post-pandemic workplace cycle. Demand has remained constantly above the market’s five-year quarterly common as a substitute of counting on a handful of main headquarters relocations.
The Particulars
A number of giant transactions helped reinforce leasing momentum throughout North Texas. GEICO signed greater than 205,000 SF in Richardson, whereas Oncor renewed almost 177,000 SF in Fort Price’s central enterprise district. Mercury One leased roughly 172,000 SF at 6655 N. MacArthur Blvd. in Las Colinas and plans to relocate its American Journey Expertise Museum there. Welltower additionally dedicated to greater than 140,000 SF after shifting from Preston Commons to Preston Heart.
Preston Heart accounted for 4 of the market’s 20 largest workplace leases through the first half of 2026. Jones Day, Fifth Third Financial institution, and Arctos Companions joined Welltower in signing greater than 200,000 SF mixed. Based on Savills, the submarket’s availability sits at simply 6.8%, making it one of many area’s tightest workplace markets.