dallas Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from JLL, Avison Young, Cushman & Wakefield, Partners Real Estate, Savills, Newmark
Quarterly office market indicators for dallas, aggregated by CREhunt from JLL, Avison Young, Cushman & Wakefield, Partners Real Estate, Savills, Newmark. As of Q1 2026, average asking rent was $36.52/SF/yr and vacancy was 26.8%, per JLL.
Projected current office pricing — dallas
Projected asking rent
$33.84–$35.43/SF/yr
Estimated sale value
$150–$205/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.4%, asking rent trend-adjusted to today). Assumes ~75% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 JLL | $36.52/SF/yr | 26.8% | 332K SF | — | JLL |
| Q1 2026 Avison Young | — | 24.9% | — | — | Avison Young |
| Q1 2026 Cushman & Wakefield | $34.04/SF/yr | 24.5% | 117K SF | — | Cushman & Wakefield |
| Q1 2026 Partners Real Estate | $33.31/SF/yr | 25.4% | -210K SF | — | Partners Real Estate |
| Q1 2026 Savills | $33.84/SF/yr | 27.5% | 3.6M SF | — | Savills |
| Q4 2025 Newmark | $32.01/SF/yr | 24.6% | 1.1M SF | — | Newmark |
| Q4 2025 Avison Young | $36.14/SF/yr | 24.7% | 698K SF | — | Avison Young |
| Q4 2025 Partners Real Estate | $32.33/SF/yr | 25.3% | 285K SF | — | Partners Real Estate |
| Q3 2025 Partners Real Estate | $32.06/SF/yr | 25.0% | 1.4M SF | — | Partners Real Estate |
| Q3 2025 Newmark | $31.95/SF/yr | 24.3% | 860K SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $33.66/SF/yr | 24.7% | 662K SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | $31.17/SF/yr | 24.7% | 36K SF | — | Newmark |
| Q2 2025 Partners Real Estate | $31.29/SF/yr | 25.3% | -285K SF | — | Partners Real Estate |
| Q1 2025 Newmark | $31.20/SF/yr | 24.5% | 516K SF | — | Newmark |
| Q4 2024 Newmark | $30.87/SF/yr | 24.6% | — | — | Newmark |
| Q3 2024 Cushman & Wakefield | $32.44/SF/yr | 24.7% | -1.2M SF | — | Cushman & Wakefield |
| Q2 2024 Newmark | $29.95/SF/yr | 24.8% | — | — | Newmark |
| Q1 2024 Newmark | $29.77/SF/yr | 24.7% | — | — | Newmark |
| Q4 2023 Newmark | $29.66/SF/yr | 24.5% | — | — | Newmark |
| Q3 2023 Newmark | $29.49/SF/yr | 24.3% | — | — | Newmark |
| Q2 2023 Newmark | $29.45/SF/yr | 24.5% | — | — | Newmark |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each dallas 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 |
Frequently asked questions
- What is the average asking rent for office space in dallas?
- As of Q1 2026, the average asking rent for office space in dallas was $36.52/SF/yr, per JLL.
- What is the office vacancy rate in dallas?
- The office vacancy rate in dallas was 26.8% as of Q1 2026 (JLL).
- Where does CREhunt's dallas market data come from?
- This report aggregates quarterly office market data for dallas from JLL, Avison Young, Cushman & Wakefield, Partners Real Estate, Savills, Newmark.
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