| Real
Estate: Office
| |
| DFW
Office Market Statistics
1st Quarter 2007 |
| |
Average
Asking Lease |
Market |
Net
Rentable Area |
Direct
Vacant SF (All Bldgs) |
Direct
Vacancy Rate(%) |
Total
Vacancy Rate |
Industrial |
Net
Absorption |
| Central
Expressway |
11,454,951 |
1,924,532 |
16.80% |
18.17% |
$18.64 |
155,428 |
Dallas
CBD |
26,119,409 |
6,347,022 |
24.30% |
26.07% |
$18.13 |
(225,880) |
East
Dallas |
4,310,349 |
530,014 |
12.30% |
12.52% |
$13.47 |
18,379 |
Far
North Dallas |
29,251,358 |
5,411,540 |
18.50% |
20.56% |
$19.60 |
202,545 |
Fort
Worth CBD |
7,632,857 |
333,422 |
4.37% |
4.83% |
$17.00 |
7,995 |
Las
Colinas |
20,200,659 |
4,610,529 |
22.82% |
24.63% |
$20.25 |
72,902 |
LBJ
Freeway |
20,207,093 |
5,000,315 |
24.75% |
26.11% |
$16.26 |
207,388 |
Lewisville/Denton |
4,239,262 |
1,165,541 |
27.49% |
28.36% |
$16.10 |
6,758 |
Mid
Cities |
13,145,159 |
2,238,029 |
17.03% |
17.92% |
$17.80 |
10,391 |
North
Fort Worth |
2,296,663 |
263,996 |
11.49% |
11.71% |
$17.25 |
(22,111) |
NE
Fort Worth |
1,550,980 |
233,412 |
15.05% |
15.05% |
$15.75 |
3,010 |
Preston
Center |
3,714,446 |
342,951 |
9.23% |
10.99% |
$26.05 |
20,378 |
Richardson/Plano |
12,392,466 |
3,227,811 |
26.05% |
27.22% |
$18.32 |
(17,472) |
South
Fort Worth |
3,946,625 |
351,184 |
8.90% |
10.19% |
$16.65 |
10,011 |
SW
Dallas |
1,328,831 |
212,153 |
15.97% |
15.97% |
$15.28 |
4,032 |
Stemmoms
Freeway |
9,267,805 |
3,349,032 |
36.14% |
36.80% |
$14.72 |
(34,386) |
Uptown/TurtleCreek |
8,411,707 |
788,614 |
9.38% |
9.96% |
$24.87 |
(28,109) |
Total |
179,470,620 |
36,330,097 |
20.24% |
21.60% |
$18.43 |
391,259 |
Source: CB Richard
Ellis - Market View Dallas Office 1stQ 2007 |
|
