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New York, Dallas Lead Expanding Office Market
"Dallas-Fort Worth was one of the top markets in the country for office leasing in the second quarter," reports Steve Brown. "Only New York City saw more office demand in the just completed quarter…"
That information comes from a new report released by Cushman & Wakefield Inc. "Expanding and relocating business tenants leased 2,934,487 square feet of D-FW office space in the second quarter," explains Brown, and "New York City's Midtown market had 3,317,039 square feet of leasing."
In aggregate across the country, companies leased 14.7 million square feet of office space in the second quarter of 2016, compared to 11.8 million square feet in the first quarter. The report explains the increasing office leases as a sign of "healthy growth in office-using employment."