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is available in Dallas-Fort Worth. Counting sublease space and what’s being built in new buildings, more than 76 million square feet of office space is available.That’s more than twice the offices in all of downtown Dallas’ towers, according to estimates from commercial property firm Transwestern.The supply of vacant office space up for grabs in the area is up almost 25% since before the pandemic.— where companies still are paying rent but are hoping to rent out to other companies.
Robbie Baty, vice chairman in Cushman & Wakefield’s Dallas office, said businesses looking for D-FW offices have a lot of factors to evaluate — including whether to rent some of the millions of square feet of sublease space. “The result is well-appointed office space that is sitting vacant ready to be backfilled by someone else,” he said. “Decision makers are taking longer because they are trying to ascertain how much office space their companies will require for the short term and long term future with the new hybrid work model. All industries are affected by the way employees are now working and this has been hard for executives to determine how that will impact their office space needs.
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