Posted 4/13/2024, 11:03:19 AM
Dallas Struggles with High Downtown Office Vacancies as Companies Exit for Uptown
- Downtown Dallas has a 26.5% office vacancy rate, high but not the highest in the U.S.
- A 44-story tower in St. Louis recently sold for just $3.5 million, indicating issues in that city's downtown.
- Fort Worth has a healthier 11.5% office vacancy rate compared to Dallas.
- Companies adopting hybrid work make it hard to reduce office footprints.
- Several major companies leaving 1 million sq ft of space in downtown Dallas for Uptown in coming years.
