Postby Tucy » 02 Feb 2023 10:56
UPDATED Occupied Office Space per Transwestern:
CBD
4th Q 2012: 27,209,000
4th Q 2017: 25,798,000
2nd Q 2020: 23,400,000
3rd Q 2020: 22,950,000
4th Q 2020: 23,215,067
1st Q 2021: 22,699,028
2nd Q 2021: 22,664,462
3rd Q 2021: 22,667,432
4th Q 2021: 22,588,008
4th Q 2022: 19,116,555
Uptown
4th Q 2012: 10,396,000
4th Q 2017: 11,854,000
2nd Q 2020: 12,812,000
3rd Q 2020: 12,367,000
4th Q 2020: 12,244,054
1st Q 2021: 12,379,921
2nd Q 2021: 12,306,599
3rd Q 2021: 12,624,290
4th Q 2021: 12,793,606
4th Q 2022: 11,163,022
Greater Downtown
4th Q 2012: 37,605,000
4th Q 2017: 37,652,000
2nd Q 2020: 36,214,000
3rd Q 2020: 35,315,000
4th Q 2020: 35,459,121
1st Q 2021: 35,078,949
2nd Q 2021: 34,971,060
3rd Q 2021: 35,291,722
4th Q 2021: 35,381,614
4th Q 2022: 30,279,577
End of 4th Q 2022 vacancy:
CBD:24.6% direct ; 34.2% w/sublets
Uptown/Turtle Creek: 14.5% direct; 27.5% w/sublets
Greater Downtown: 32% vacant w/sublets
Because we're now getting some significant office space in the Deep Ellum area, I'll start tracking that submarket (Deep Ellum/East Dallas)
3rd Q 2021: 1,227,548 sq ft occupied
4th Q 2021: 1,237,167
4th Q 2022: 1,228,282
Vacancy: Direct: 10.4% W/sublets: 40.2%
Interesting side note. Dallas CBD now has less occupied office space than Denver, Minneapolis, Pittsburgh, and Phoenix, in addition to the traditionally larger markets of Houston, Boston, Philadelphia, NYC, San Francisco, LA, and Washington DC ... but we're still bigger than Austin!
Last edited by
Tucy on 02 Feb 2023 15:13, edited 1 time in total.