Postby Tucy » 21 Jul 2023 14:39
Office Space Occupied in Central Dallas (per Transwestern)
CBD
4th Q 2012: 27,209,000
3rd Q 2020: 22,950,000
1st Q 2023: 18,897,254
2nd Q 2023:18,756,594 -- 31.1% less than 2012. 18.3% drop in the past 2 3/4 years. Almost 8 1/2 million less square feet occupied in downtown Dallas than 10 1/2 years ago.
Uptown/Turtle Creek
4th Q 2012: 10,396,000
3rd Q 2020: 12,367,000
1st Q 2023: 10,470,107
2nd Q 2023: 10,559,627 (up a little in the quarter, but still down 603,395 since year-end 2022)
Greater Downtown Dallas
4th Q 2012: 37,605,000
3rd Q 2020: 35,317,000
1st Q 2023: 29,367,361
2nd Q 2023: 29,316,221 (963,356 fewer square feet occupied than at year-end 2022)
Stemmons Corridor
4th Q 2012: 12,135,718
3rd Q 2020: 12,514,121
1st Q 2023: 8,363,275
2nd Q 2023: 8,295,095
Preston Center
4th Q2012: 4,576,398
3rd Q 2020: 5,019,585
1st Q 2023: 4,121,411
2nd Q 2023: 4,047,774
Central Expressway
4th Q 2012: 14,263,926
3rd Q 2020: 12,514,121 (This one is not even as "good" as it looks... the 2020 inventory includes Park Central, whereas the 2012 inventory did not.)
1st Q 2023: 11,121,601
2nd Q 2023: 11,019,625
Deep Ellum/East Dallas
4th Q 2012: 2,211,221
3rd Q 2020: 1,529,173
1st Q 2023: 1,211,032
2nd Q 2023: 1,180,422
West LBJ
4th Q 2012: 4,176,724
3rd Q 2020: 3,323,225
1st Q 2023: 2,746,046
2nd Q 2023: 2,806,731
Total Office Space Occupied in these Central Dallas Submarkets:
4th Q 2012: 74,968,987 square feet
3rd Q 2020: 70,217,225 square feet.
1st Q 2023: 56,930,726 square feet
2nd Q 2023: 56,665,868 -- 24.4% less occupied office space than in 2012. 19.3% drop in the past 2 3/4 years.
Last edited by
Tucy on 21 Jul 2023 18:00, edited 1 time in total.