Hot or Not? Market Spotlight: Dallas–Fort Worth

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• Companies Are Expanding Their Presence
• Companies Are Expanding Their Presence
• The Financial Sector is Driving Growth in DFW as Area Becomes Known as “Y’All Street” 

Why DFW Is One of the Hottest Office Markets in the U.S.

Dallas Fort Worth Tops the List of Gateway Markets for Recovery for both Class A and B/C Space, and Mark to Market Spreads Suggest Potential for Future Growth

• Estimated market rents for office space in both Class A and Class B/C properties are well above current in-place rents, suggesting room for further rent growth. 
• All six Dallas–Fort Worth submarkets/ building classes ranked within the top ten nationally for the largest spreads between market and in-place rents in CompStak’s Gateway Office Market Report, with the spreads ranging from nearly 60% to 26%.

Companies Are Expanding Their Presence

• Among the top 10 office leases (≥ 100K SF) signed since 2019:
  • 90% were by companies already located in DFW.
  • 80% were headquartered elsewhere, highlighting the market’s appeal to out-of-region firms.
  • 70% represented some form of expansion, whether through relocations with growth, additional locations, or first-time entries into DFW.

New Construction Pushes Rents Higher

• The share of leasing in newer buildings (built 2010 or later) has exceeded 2019–2020 levels every year since, except 2023, surpassing 30% in each of the past two years.
• This trend shows up in starting rents, where the gap between newer and older buildings has widened significantly since 2020, reflecting a stronger rent premium for modern assets.

The Financial Sector is Driving Growth in DFW as Area Becomes Known as “Y’All Street” 

• The FIRE sector’s share of new leasing reached 36.7% YTD 2025, one of the highest levels since 2019.

Check out the full report for more insights into Dallas-Fort Worth and 10 more gateway markets.