DALLAS--According to a newly released report from CBRE, corporate expansions and relocations--including new headquarters for Toyota in Plano and ExxonMobil in northwest Houston--are playing a significant role in the Texas office market recovery.
From 2010 through Q2 2014, 296 companies expanded or relocated their presence in the four major Texas office markets, accounting for nearly 30 million square feet of occupied space.
The report analyzes office real estate activity from headquarters and regional operations centers in Austin, Dallas/Fort Worth, Houston and San Antonio. In terms of total square footage, Houston leads the pack with 12.6 million square feet of activity, followed closely by Dallas/Fort Worth with 12.5 million square feet. Dallas/Fort Worth leads by firm count with 106.
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