While COVID-19 spreads across the Dallas-Fort Worth metroplex, and with many office employees continuing to work from home, the office market is evolving in its search for solid footing.
Following the initial outbreak of the pandemic, leasing volume plummeted in the second quarter, down 37% from the first quarter of 2020 and falling to the second-lowest level since 1995, as far back as CoStar’s historical data goes. The market recorded its first two consecutive quarters of negative net absorption, meaning more tenants moved out than in, and this trend is projected to continue into the third quarter
CoStar Analytics
Central Commercial Group 