Tenant demand in North Texas drives leasing volume up 13% year-over-year, reducing availability and sublease inventory.
The Dallas-Fort Worth office market recorded 7.6 million square feet of leasing activity in the first half of 2026, a 13% increase from the same period last year. The rise reflects stronger tenant demand as companies solidify long-term workplace strategies amid improving market conditions.
Overall availability fell to 26% from 28.1%, while sublease inventory dropped by 2.5 million square feet over the past year. Trophy buildings led the recovery, though older corridors like downtown Dallas still face higher vacancy rates despite broader market gains.
Landlords continued raising asking rents, signaling confidence in sustained demand. The shift away from post-pandemic downsizing suggests a stabilizing office sector, though recovery remains uneven across asset classes.