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Hot Economy Points to Surging Multifamily Demand

Underpinning office demand in Dallas are strong demographics, growth in the professional/business services sector and an unemployment rate of 3.2%, well below the national average, says Ten-X.

Office market report As the office market begins to correct in 2021, strong demand is expected to return.

DALLAS—Data cruncher Ten-X Commercial recently released its latest US office market outlook, including the top five buy and sell markets for office properties. The analysis shows a strikingly vulnerable national office sector with vacancies that have remained essentially unmoved in the past two years and rent growth slowing to its weakest pace in five years.

Markets that recovered this cycle are struggling with increased supply, while left-behind markets that had limited improvement, remain weak. While 26 different regional markets had four-year projections downgraded by Ten-X in this most recent analysis, there were no markets in which the four-year prospects improved, highlighting the widespread nature of the sector’s vulnerability.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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