Dallas-Fort Worth Office Market Report

Strong metrics present in certain areas. Some prominent firms upsizing their space this year will partially offset an overall demand level that is slightly waning. Wells Fargo will be moving into their new campus expansion in Irving by December. Ryan LLC is also upsizing to a 205,000-square-foot space in Plano. Certain parts of the Metroplex have faired better in recent years, as many professionals flocked to the suburbs. Downtown Fort Worth, Lewisville-Denton and Richardson-Plano all held 200-basis-points under the metro mean last year. These areas benefit greatly from their ease of access for workers in nearby suburbs. Additionally, the Fort Worth side of the market entered 2025 with a vacancy rate nearly 1,000 basis points below the Dallas side. While Fort Worth may have only one-fourth of the inventory, the western half of the Metroplex has held a sub-14 percent vacancy rate since 2021. Moving forward, the area’s slightly lower operating costs and traffic congestion in relation to Dallas should continue to attract employers.