DALLAS-Cushman & Wakefield of Texas Inc., rolling out its third quarter numbers, sees promise in an industrial sector that's made a positive quarterly showing for the first time in a year while acknowledging there are still months of gloom overshadowing the office market in Dallas/Fort Worth.

“Historically, industrial has always been our leader out,” Rick Hughes, C&W's senior director in Dallas, tells GlobeSt.com. What's happened in the past, though, might not happen this time around. He says the office market gains that historically follow an industrial uptick by four to six months might not play out this time due to the “jobless recovery” that has a grip on Texas and many other US metros.

If good news is to be found in the Q3 office analysis, it's that “we're losing less blood today than we were losing before,” Hughes says. “It's better than it was.” The reality is more companies are making office space decisions; new companies are forming from the ranks of the unemployed; and Dallas/Fort Worth is still on the radar screen as a relocation portal for all the same reasons as years past.