"It's ridiculous," J. Reagan Dixon, senior managing director and branch manager of Cushman & Wakefield of Texas Inc., told GlobeSt.com. "Many times, people look at the square footage that's vacant and they don't pay attention to absorption."

Kevin Santaularia, president and CEO for the Bradford Cos., has read the report in its entirety and he says it's not fair to paint the entire region with the same proverbial brush. "The office submarkets at risk are the North Dallas Tollway and Las Colinas, but to brush the entire market with an unfavorable condition is unfair as the DFW office absorption and job growth remains quite healthy," Santaularia told GlobeSt.com.

Dixon has logged 30 years in Dallas' commercial real estate market, watching the region crash in the mid-1980s, rise from the ashes and perform at its current peak level. "Everybody thought we were a bunch of wild Texans down here building just because it felt good," he recalls of the real estate crash. It's just not the same despite what the FDIC is saying, he contends. Eight million sf was absorbed last year, another eight to 10 million sf will be absorbed this year, he says. Sure, there's another two million sf of office space under construction but, he says, "we're absorbing more than twice at what we're completing ... and that's the key."