DFW Office Market Gains Momentum in First Half of 2026

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Key Takeaways

• Leasing measurement reached 7.6 M SF during the archetypal fractional of 2026, reflecting stronger tenant request crossed North Texas.

• Trophy bureau buildings attracted the largest leases, portion sublease inventory and wide availability continued to decline.

• Older bureau corridors, peculiarly downtown Dallas, inactive look elevated vacancy contempt improving marketplace fundamentals.

The DFW bureau marketplace entered the 2nd fractional of 2026 with stronger fundamentals than it has seen successful respective years.

According to Savills USA, tenants leased 7.6 M SF during the archetypal six months of the year, up astir 13% from the aforesaid play successful 2025. At the aforesaid time, wide availability declined to 26% from 28.1%, and landlords continued pushing asking rents higher. The numbers suggest that bureau request is broadening beyond header relocations arsenic companies perpetrate to semipermanent workplace strategies.

Flight To Quality Continues

The market's betterment remains centered connected high-quality bureau abstraction alternatively than a wide rebound crossed each asset. Companies from fiscal services, healthcare, technology, and ineligible sectors continued renewing leases, relocating to newer buildings, and upgrading workplace environments.

Savills besides reported that astir 2.5 M SF of sublease inventory disappeared implicit the past year. That simplification signals less companies are shedding excess space, a notable displacement from the downsizing that defined overmuch of the post-pandemic bureau cycle. Demand has remained consistently supra the market's five-year quarterly mean alternatively of relying connected a fistful of large office relocations.

The Details

Several ample transactions helped reenforce leasing momentum crossed North Texas. GEICO signed much than 205,000 SF successful Richardson, portion Oncor renewed astir 177,000 SF successful Fort Worth's cardinal concern district. Mercury One leased astir 172,000 SF astatine 6655 N. MacArthur Blvd. successful Las Colinas and plans to relocate its American Journey Experience Museum there. Welltower besides committed to much than 140,000 SF aft moving from Preston Commons to Preston Center.

Preston Center accounted for 4 of the market's 20 largest bureau leases during the archetypal fractional of 2026. Jones Day, Fifth Third Bank, and Arctos Partners joined Welltower successful signing much than 200,000 SF combined. According to Savills, the submarket's availability sits astatine conscionable 6.8%, making it 1 of the region's tightest bureau markets.