DFW Office Leasing Goes Up

After a 3 year drop in office leasing, some areas are fairing well.  An additional 1.6 million square feet of space in the Metroplex has been leased.  This is the first of positive net leasing since year 2007 according to Cushman Wakefield of Texas Inc.  The office leasing in 2011 compared to last year is up almost 400,000 square feet.  Experts state that they feel good about the future.

The biggest increase is in West Plano and Frisco where current business expansion and relocations have increased office space leasing to almost 1 million feet.  The Uptown and Turtle Creek markets had a plus of 500,000 square feet signed.  Business along LBJ construction lost tenants in 2011.  It is expected overall in DFW that construction starts will increase.

Sinerely,

Wade Carlson
Senior Property Tax Consultant

Wade C. Carlson

Managing Partner

DFW Property Tax Reductions
P.O. Box 794006
Dallas, Texas 75379
972-591-4747    Fax: 972-591-4748
http://www.dfwptr.com/
http://Twitter.com/DFWPTR