2025 DFW Market Update & 2024 Year In Review

2025 TEAM PREDICTIONS

ROBBIE BATY

Office rental rates in Uptown will continue to surge to record heights with new buildings eclipsing $100/SF in overall asking rent. Speculative construction in Dallas will decline, with fewer than three new office developments breaking ground this year. The Rangers will win the AL West.

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TRAVIS BOOTHE

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As tenants continue to relocate to nicer assets, Class B building vacancy will increase from 22.5% to 25%. Absorption in the DFW office market will remain negative at 4 million SF as companies continue to consolidate their footprints. Texas Tech football will go 9-3 next season.

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HANNA HENLEY

Plug and Play options will continue to dominate tenant interest as tenants avoid excessive out-of-pocket capital expenditures The Uptown, Las Colinas and Far North Dallas submarkets will experience the most leasing activity in 2025 SMU will host ESPN’s College GameDay on the Boulevard for the first time ever this fall. Sublease inventory will decrease from 8.5 million sf to 7 million SF due to improved market stability and the natural expiration of subleases that remain unoccupied. Office tenants will demonstrate a greater willingness to commit to longer-term leases as hybrid work strategies become more defined and business confidence continues to grow. Bitcoin will increase from the current price of $103,000 to $185,000.

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ALEXANDRA BOURY

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