Dallas / Fort Worth Office Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from JLL, Partnersrealestate, Lee Associates, CBRE, Cushman & Wakefield, Avisonyoung Us, Newmark
Quarterly office market indicators for Dallas / Fort Worth, aggregated by PropZone from JLL, Partnersrealestate, Lee Associates, CBRE, Cushman & Wakefield, Avisonyoung Us, Newmark. As of Q1 2026, average asking rent was $42.20/SF with a 26.8% vacancy rate.
Projected current office pricing — Dallas / Fort Worth
low confidenceProjected asking rent
$33.67/SF/yr
Estimated sale value
$193–$250/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.5%, asking rent held flat). Assumes ~74% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $42.20/SF | 26.8% | 332K SF | — | JLL |
| Q1 2026 | $33.31/SF | 5.5% | -210K SF | — | Partnersrealestate |
| Q1 2026 | $18.36/SF | 3.6% | 1.6M SF | — | Lee Associates |
| Q1 2026 | $22.68/SF | 10.5% | 867K SF | — | CBRE |
| Q1 2026 | $34.04/SF | 24.5% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | 24.7% | 2K SF | — | Avisonyoung Us |
| Q4 2025 | $32.01/SF | — | — | — | Newmark |
| Q4 2025 | — | 25.3% | 0K SF | — | Partnersrealestate |
| Q3 2025 | $31.95/SF | — | — | — | Newmark |
| Q2 2025 | $40.00/SF | 26.6% | 71K SF | — | Cushman & Wakefield |
| Q2 2025 | $31.17/SF | — | — | — | Newmark |
| Q1 2025 | $31.20/SF | — | — | — | Newmark |
| Q4 2024 | $30.87/SF | — | — | — | Newmark |
| Q2 2024 | $29.95/SF | — | — | — | Newmark |
| Q1 2024 | $29.77/SF | — | — | — | Newmark |
| Q4 2023 | $29.66/SF | — | — | — | Newmark |
| Q3 2023 | $29.49/SF | — | — | — | Newmark |
| Q2 2023 | $29.45/SF | — | — | — | Newmark |
| Q3 2019 | $32.44/SF | 24.7% | -6K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Dallas / Fort Worth?
- As of Q1 2026, the average asking rent for office space in Dallas / Fort Worth was $42.20/SF, per JLL.
- What is the office vacancy rate in Dallas / Fort Worth?
- The office vacancy rate in Dallas / Fort Worth was 26.8% as of Q1 2026 (JLL).
- Where does PropZone's Dallas / Fort Worth market data come from?
- This report aggregates quarterly office market data for Dallas / Fort Worth from JLL, Partnersrealestate, Lee Associates, CBRE, Cushman & Wakefield, Avisonyoung Us, Newmark.
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