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Total DFW Market
• Overall vacancy stood at 21.6%, up 1.3% from the same quarter in the prior year.
• Class A vacancy stood at 23.7%, an increase of 1.4% from four quarters prior, and Class B product had a vacancy rate of 18.6%, up 1.0% from this time last year.
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• Quoted rental rates for Class A averaged $34.71 gross PSF, which is up 2.7% compared to the rate in the same quarter last year. Class B quoted rental rates averaged $23.61 gross PSF, up 2.5% from prior year.
New Supply -Net Absorption -Vacancy Trends
• Year-to-date net absorption totaled -1,006,863 SF, which is down from year-to-date last year.
• Class A net absorption totaled -763,756 SF, a decrease of 962,969 SF from this time last year.
• Class B net absorption stood at -243,107 SF, a decrease of 338,195 SF from this time last year.
• Deliveries year-to-date totaled 2,475,076 SF in 23 properties. Class A space comprises 2,094,842 SF in 10 properties, and Class B space accounts for 380,234 SF in 13 properties.
• At the end of the quarter, there were 42 properties under construction totaling 6,851,912 SF. This is less than the 6,905,695 SF under
