Jul. 11, 2017 by TREC Staff

Dallas-Fort Worth Leads U.S. in Office Building Leasing: Report

Dallas-Fort Worth led the U.S. in office building leasing during the second quarter, according to a new report from Cushman & Wakefield.

With 1.4 million square feet added in the quarter, Dallas-Fort Worth surpassed Charlotte (1.1 million square feet), Seattle (940,000 square feet) and Durham-Raleigh (718,000 square feet), the report found.

The Dallas Morning News reported on Cushman & Wakefield’s findings Monday.

Ken McCarthy, Cushman & Wakefield principal economist and the report’s author, attributed the growth to the expansion of gateways and technology companies in the area as well as tenant preference for new office space.

Dallas-Fort Worth led the country in job growth in May, according to the U.S. Bureau of Labor Statistics, adding 115,800 more jobs than during the same period in 2016.