Dallas Office Real Estate Outlook:
An ongoing trend in the Dallas central business district is the conversion of underperforming office product to partial multi-family. Once conversions begin, vacancy is expected to drop by 6.1% as over 4 million sq. ft. of obsolete office space across multiple assets will be taken off the market. Along with decreased vacancy, the revitalization of the urban core is expected to be fueled by population growth of over 55% along with increased amenities through retail and restaurants to attract residents and companies alike.
Download the JLL Research quarterly insights report for full analysis of Dallas' office real estate market conditions, and to learn more about economic activity impacting the outlook of the area.