The following reflects Dallas/Fort Worth office market conditions as of Q3 2026.
The Dallas/Fort Worth office market in Q3 2026 experienced lower vacancy, lower net absorption, higher rental rates, and fewer construction deliveries compared with a year earlier. Explore our full Dallas/Fort Worth office market report for deeper insights into leasing trends, sale activity, and submarket performance.
Frequently Asked Questions
What is the office vacancy rate in Dallas/Fort Worth in Q3 2026?
According to Kidder Mathews research, the direct office vacancy rate in Dallas/Fort Worth was 23.6% in Q3 2026, down from 23.7% in Q2 2026 and 24.0% in Q3 2025, a year-over-year decrease of 40 basis points. The total vacancy rate was 24.8%, compared with 25.4% in Q2 2026 and 25.7% in Q3 2025, a 90 basis point year-over-year decline. Total office inventory in the market was 222,482,506 SF (Data source: CoStar).
Which Dallas/Fort Worth office submarkets have the highest and lowest vacancy in Q3 2026?
Northeast Fort Worth had the highest direct vacancy rate at 43.0% in Q3 2026, followed by Dallas CBD at 32.9% and Mid-Cities at 27.2%. Preston Center had the lowest at 5.8%, followed by South Fort Worth at 11.4% and Fort Worth CBD at 12.0%. These compare with a market-wide direct vacancy rate of 23.6%, according to Kidder Mathews research (Data source: CoStar).
What is the office availability rate in Dallas/Fort Worth in Q3 2026?
The office availability rate in Dallas/Fort Worth was 27.6% in Q3 2026, down from 28.0% in Q2 2026 and 28.2% in Q3 2025, a 60 basis point year-over-year decrease. By building class, Class A availability was 29.2% and Class B was 24.9%. Northeast Fort Worth had the highest submarket availability rate at 40.8% and Fort Worth CBD the lowest at 8.4%, according to Kidder Mathews research (Data source: CoStar).
What are average office asking rents in Dallas/Fort Worth in Q3 2026?
The average direct asking rent for Dallas/Fort Worth office space was $34.70 per SF per year in Q3 2026, up from $34.33 in Q2 2026 and $32.70 in Q3 2025, a 6.1% year-over-year increase. Class A space averaged $39.27 per SF per year and Class B averaged $25.37. Submarket asking rents ranged from $21.63 in Southwest Dallas to $66.84 in Preston Center, according to Kidder Mathews research (Data source: CoStar).
How much office space was leased in Dallas/Fort Worth in Q3 2026?
Tenants leased 4,482,048 SF of office space in Dallas/Fort Worth in Q3 2026, according to Kidder Mathews research. Year-to-date 2026 leasing totaled 11,664,585 SF, down 7.0% from 12,540,275 SF in the same period of 2025. Uptown/Turtle Creek led submarket leasing activity in Q3 2026 with 1,252,003 SF, followed by Far North Dallas with 828,543 SF and Las Colinas with 626,420 SF (Data source: CoStar).
What was office net absorption in Dallas/Fort Worth in Q3 2026?
Dallas/Fort Worth recorded positive net absorption of 125,387 SF in Q3 2026, according to Kidder Mathews research. Net absorption measures the change in occupied space, so a positive number means more space was taken than vacated. Year-to-date 2026 net absorption was 829,923 SF, down 59.8% from 2,063,647 SF in the same period of 2025. Las Colinas led the submarkets at 335,839 SF in Q3 2026, while Richardson/Plano posted the largest decline at -328,715 SF (Data source: CoStar).
How much office space is under construction in Dallas/Fort Worth in Q3 2026?
Dallas/Fort Worth had 2,850,069 SF of office space under construction in Q3 2026, up 21.6% from 2,344,769 SF in Q3 2025 and up from 2,699,227 SF in Q2 2026, according to Kidder Mathews research. Uptown/Turtle Creek accounted for 1,480,968 SF of the pipeline, led by the 800,000 SF Goldman Sachs project scheduled for delivery in 1Q 2028. Construction deliveries totaled 30,000 SF in Q3 2026 and 71,188 SF year-to-date, a 90.5% decline from 752,547 SF in the same period of 2025 (Data source: CoStar).
What were the largest office lease transactions in Dallas/Fort Worth in Q3 2026?
The largest office lease in Dallas/Fort Worth in Q3 2026 was Morgan Stanley’s 708,000 SF new lease at 2401 McKinney Ave in Uptown/Turtle Creek, according to Kidder Mathews research. Other significant leases included AT&T at 2201 Lakeside Blvd in Richardson/Plano (183,242 SF), Depository Trust & Clearing Corp. at 9001 Cypress Waters Blvd in Las Colinas (133,786 SF), Morgan Stanley at 1445 Ross Ave in Dallas CBD (123,913 SF), and an 88,291 SF renewal by Frost Bank at 2950 N Harwood St in Uptown/Turtle Creek (Data source: CoStar).
How much office space sold in Dallas/Fort Worth in Q3 2026?
A total of 4,021,766 SF of office space sold in Dallas/Fort Worth in Q3 2026, according to Kidder Mathews research. Year-to-date 2026 sales reached 14,070,290 SF, up 30.7% from 10,768,209 SF in the same period of 2025 (Data source: CoStar).
How do Class A and Class B office compare in Dallas/Fort Worth in Q3 2026?
Class A office had a 24.2% direct vacancy rate and a $39.27 per SF per year asking rent in Q3 2026, versus 22.4% and $25.37 for Class B, according to Kidder Mathews research. Class A recorded 525,756 SF of net absorption in the quarter, while Class B recorded -400,369 SF. Class A accounts for 138,144,104 SF of inventory and 2,771,650 SF of the 2,850,069 SF under construction (Data source: CoStar).
How are Dallas/Fort Worth office market indicators trending in Q3 2026?
According to Kidder Mathews research, Dallas/Fort Worth office indicators moved in different directions year over year in Q3 2026. Direct vacancy declined 40 basis points to 23.6%, and direct asking rents rose 6.1% to $34.70 per SF per year. Year-to-date net absorption was 59.8% lower than in the same period of 2025, construction deliveries fell 90.5%, and space under construction rose 21.6% (Data source: CoStar).
Last updated: Q3 2026. Data source: CoStar. Compiled by the Kidder Mathews Research Group.
Q3 2026 Dallas/Fort Worth Office Market: Key Data Points
Explore our full Dallas/Fort Worth office market review for deeper insights into leasing trends, sale activity, and submarket performance.
- Direct vacancy: The direct vacancy rate was 23.6% in 3Q26, down from 23.7% in 2Q26 and 24.0% in 3Q25 (-40 bps year over year). The total vacancy rate was 24.8%.
- Availability: The availability rate was 27.6%, down 60 bps from 28.2% in 3Q25.
- Asking rents: The direct asking rent averaged $34.70 per SF per year, up 6.1% from $32.70 in 3Q25.
- Net absorption: Total net absorption was 125,387 SF in 3Q26 and 829,923 SF year-to-date, down 59.8% from 2,063,647 SF in 2025 YTD.
- Leasing activity: Leased space totaled 4,482,048 SF in 3Q26 and 11,664,585 SF year-to-date, down 7.0% from 2025 YTD. The largest lease was Morgan Stanley’s 708,000 SF new lease at 2401 McKinney Ave.
- Construction: Space under construction reached 2,850,069 SF, up 21.6% year over year, with 1,480,968 SF in Uptown/Turtle Creek. Deliveries totaled 71,188 SF year-to-date, down 90.5%.
- Sales volume: Sold space totaled 4,021,766 SF in 3Q26 and 14,070,290 SF year-to-date, up 30.7% from 10,768,209 SF in 2025 YTD.
Submarket Statistics
| Submarket | Total Inventory (SF) |
SF Under Construction |
Direct Vacancy Rate |
Total Vacancy Rate |
3Q26 Total Net Absorption (SF) |
YTD Total Net Absorption (SF) |
3Q26 Leasing Activity (SF) |
Direct Asking Rents |
|---|---|---|---|---|---|---|---|---|
| Central Expressway | 9,174,101 | 30,000 | 26.7% | 27.2% | 45,702 | -82,062 | 162,824 | $39.96 |
| Dallas CBD | 22,973,438 | 0 | 32.9% | 33.8% | -107,503 | -163,463 | 246,097 | $30.93 |
| East Dallas | 3,262,981 | 0 | 19.3% | 30.0% | -11,693 | 28,556 | 23,621 | $49.45 |
| Far North Dallas | 48,160,818 | 602,050 | 22.7% | 23.6% | 251,942 | 517,990 | 828,543 | $37.98 |
| Fort Worth CBD | 7,499,793 | 0 | 12.0% | 12.4% | -10,356 | 138,159 | 68,064 | $35.97 |
| Las Colinas | 33,391,431 | 0 | 27.0% | 28.4% | 335,839 | 389,696 | 626,420 | $33.38 |
| LBJ Freeway | 17,196,103 | 0 | 23.4% | 24.7% | 47,085 | 25,028 | 166,690 | $27.16 |
| Lewisville/Denton | 3,499,053 | 66,720 | 17.4% | 22.9% | -594 | 97,307 | 11,005 | $31.55 |
| Mid-Cities | 14,064,724 | 21,419 | 27.2% | 28.3% | 25,587 | 51,094 | 162,869 | $28.40 |
| North Fort Worth | 2,226,336 | 97,912 | 15.6% | 26.3% | 12,637 | -175,975 | 73,836 | $26.20 |
| Northeast Fort Worth | 2,735,169 | 0 | 43.0% | 43.0% | -224,621 | -265,621 | 73,470 | $24.83 |
| Preston Center | 4,846,486 | 206,000 | 5.8% | 5.8% | -6,537 | 35,884 | 38,795 | $66.84 |
| Richardson/Plano | 22,743,122 | 57,000 | 21.3% | 22.4% | -328,715 | -383,230 | 470,698 | $26.31 |
| South Fort Worth | 6,570,708 | 288,000 | 11.4% | 12.1% | -9,256 | 19,311 | 61,837 | $26.92 |
| Southwest Dallas | 1,284,587 | 0 | 13.1% | 13.4% | 540 | -22,980 | 3,264 | $21.63 |
| Stemmons Freeway | 7,646,187 | 0 | 24.9% | 25.4% | -26,966 | 76,418 | 212,012 | $21.91 |
| Uptown/Turtle Creek | 15,207,469 | 1,480,968 | 19.6% | 20.8% | 132,296 | 543,811 | 1,252,003 | $63.02 |
| Submarket | Total Inventory (SF) | SF Under Construction | Direct Vacancy Rate | Total Vacancy Rate | 3Q26 Total Net Absorption (SF) | YTD Total Net Absorption (SF) | 3Q26 Leasing Activity (SF) | Direct Asking Rents |
|---|---|---|---|---|---|---|---|---|
| Total | 222,482,506 | 2,850,069 | 23.6% | 24.8% | 125,387 | 829,923 | 4,482,048 | $34.70 |
| Submarket | Total Inventory (SF) | SF Under Construction | Direct Vacancy Rate | Total Vacancy Rate | 3Q26 Total Net Absorption (SF) | YTD Total Net Absorption (SF) | 3Q26 Leasing Activity (SF) | Direct Asking Rents |
|---|---|---|---|---|---|---|---|---|
| Class A | 138,144,104 | 2,771,650 | 24.2% | 25.6% | 525,756 | 1,132,224 | 3,677,454 | $39.27 |
| Class B | 84,338,402 | 78,419 | 22.4% | 23.6% | -400,369 | -302,301 | 804,594 | $25.37 |
Significant Lease Transactions 3Q26
| Property | Submarket | SF | Transaction Type | Tenant |
|---|---|---|---|---|
| 2401 McKinney Ave | Uptown/Turtle Creek | 708,000 | New Lease | Morgan Stanley |
| 2201 Lakeside Blvd | Richardson/Plano | 183,242 | New Lease | AT&T |
| 9001 Cypress Waters Blvd | Las Colinas | 133,786 | New Lease | Depository Trust & Clearing Corp. |
| 1445 Ross Ave | Dallas CBD | 123,913 | New Lease | Morgan Stanley |
| 2950 N Harwood St | Uptown/Turtle Creek | 88,291 | Renewal | Frost Bank |
Significant Under Construction
| Property | Submarket | SF | Status | Delivery Date |
|---|---|---|---|---|
| Goldman Sachs | Uptown/Turtle Creek | 800,000 | Under Construction | 1Q 2028 |
| Bank of America Tower at Parkside | Uptown/Turtle Creek | 500,126 | Under Construction | 1Q 2027 |
| Fields West | Frisco/The Colony | 451,036 | Under Construction | 2Q 2027 |
| The Knox | Preston Center | 206,000 | Under Construction | 4Q 2026 |
| 2626 McKinney | Uptown/Turtle Creek | 180,842 | Under Construction | 1Q 2028 |
Data as of Q3 2026. Source: CoStar. Prepared by the Kidder Mathews Research Group.
ContactGARY BARAGONA |
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