DALLAS—The Dallas/Fort Worth office market recorded some 1.66 million square feet of direct net absorption during the second quarter and is on pace to achieve its best year since 1999, according to a recent report released by PM Realty Group (PMRG).

With a year-to-date absorption count at nearly 3.2 million square feet, the market's overall direct occupancy rates have increased 70 basis points since the beginning of the year to 83.3 points.

“The number speak for themselves,” Kurt Cherry, executive vice president of PMRG, told GlobeSt.com. “Our diversified economy has not only allowed the DFW office market to weather the storm of falling crude oil prices, we've experienced greater absorption at mid-year than this time last year.”