A drop in net leasing hit the North Texas office market in final months of 2022.
As interest rates have soared and fears of a recession have risen, many companies are hitting the pause button on office leasing. Other large office space users are dumping sublease space on the Dallas-Fort Worth market.
Net office leasing was down 1.1 million square feet last year — the third year in a row of declining Dallas-Fort Worth office space demand, according to a just-released estimate by commercial property firm Avison Young.
