Dallas / Fort Worth Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, CBRE, Cushman & Wakefield, JLL, Newmark
Quarterly office market indicators for Dallas / Fort Worth, aggregated by CREhunt from Kidder Mathews, CBRE, Cushman & Wakefield, JLL, Newmark. As of Q2 2026, average asking rent was $33.86/SF/yr and vacancy was 25.1%, per Kidder Mathews.
Projected current office pricing — Dallas / Fort Worth
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Dallas / Fort Worth office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 multiple brokerages asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent held flat). Assumes ~75% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $33.86/SF/yr | 25.1% | 640K SF | 2.9M SF | Kidder Mathews |
| Q2 2026 CBRE | — | 25.0% | — | — | CBRE |
| Q1 2026 CBRE | $34.46/SF/yr | 28.5% | — | — | CBRE |
| Q1 2026 Cushman & Wakefield | $34.04/SF/yr | 24.5% | 117K SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $42.20/SF/yr | 26.8% | 332K SF | — | JLL |
| Q4 2025 Newmark | $32.01/SF/yr | — | — | — | Newmark |
| Q3 2025 Cushman & Wakefield | $33.66/SF/yr | 24.7% | 662K SF | — | Cushman & Wakefield |
| Q3 2025 Newmark | $31.95/SF/yr | — | — | — | Newmark |
| Q2 2025 Cushman & Wakefield | $40.00/SF/yr | 0.5% | 620K SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | $31.17/SF/yr | — | — | — | Newmark |
| Q1 2025 Newmark | $31.20/SF/yr | — | — | — | Newmark |
| Q4 2024 Newmark | $30.87/SF/yr | — | — | — | Newmark |
| Q2 2024 Newmark | $29.95/SF/yr | — | — | — | Newmark |
| Q1 2024 Newmark | $29.77/SF/yr | — | — | — | Newmark |
| Q4 2023 Newmark | $29.66/SF/yr | — | — | — | Newmark |
| Q3 2023 Newmark | $29.49/SF/yr | — | — | — | Newmark |
| Q2 2023 Newmark | $29.45/SF/yr | — | — | — | Newmark |
| Q3 2019 Cushman & Wakefield | $32.44/SF/yr | 24.7% | -6K SF | — | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Dallas / Fort Worth office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Arts District | $49.40/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| CBD Core | $28.85/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Central Expressway | $40.04/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Dallas CBD | $31.37/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Deep Ellum/East Dallas | $37.65/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| East Dallas | $49.95/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Far North Dallas | $37.23/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Fort Worth CBD | $28.10/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Ft Worth CBD | $35.93/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Las Colinas | $33.33/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| LBJ Freeway | $26.49/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Legacy/Frisco | $42.61/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Lewisville/Carrollton | $27.18/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Lewisville/Denton | $30.93/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Mid-Cities | $28.16/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| North Central Expressway | $37.04/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| North Fort Worth | $26.18/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Northeast Fort Worth | $20.74/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast Ft Worth | $25.11/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Preston Center | $62.11/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Richardson/Plano | $26.45/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| South Fort Worth | $23.91/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| South Ft Worth | $26.39/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Southlake/Westlake | $35.15/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Southwest Dallas | $21.88/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Stemmons Freeway | $21.09/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Uptown/Turtle Creek | $61.78/SF/yr Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| West End | $31.10/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| West Fort Worth | $27.94/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| West Love Field | $23.87/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Dallas / Fort Worth office did not fully agree. On vacancy, the sources span 0.1 points — from 25.0% (CBRE) to 25.1% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | 25.0% | — | — |
| Kidder Mathews | 25.1% | $33.86/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Dallas / Fort Worth?
- As of Q2 2026, the average asking rent for office space in Dallas / Fort Worth was $33.86/SF/yr, per Kidder Mathews.
- What is the office vacancy rate in Dallas / Fort Worth?
- The office vacancy rate in Dallas / Fort Worth was 25.1% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Dallas / Fort Worth market data come from?
- This report aggregates quarterly office market data for Dallas / Fort Worth from Kidder Mathews, CBRE, Cushman & Wakefield, JLL, Newmark.
- How much do brokerage estimates differ for office space in Dallas / Fort Worth?
- For Q2 2026, the brokerage sources CREhunt aggregates for Dallas / Fort Worth did not fully agree. On vacancy, the sources span 0.1 points — from 25.0% (CBRE) to 25.1% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.