Dallas, TX Office Overview
With a metropolitan population of nearly 5 million residents, Dallas ranks among the 10 largest cities in the country. Boasting a highly diverse economy, the North Texas real estate market is continually expanding. Strong demand for office space is driven mainly by the defense, financial, and both traditional and non-traditional high technology industries.
The densest urban office submarkets are located in Central Dallas and Northwest Dallas. Downtown Dallas office space, along with office properties in Deep Ellum, and the flexible office space in the Design District’s upscale live-work-play community are among the most sough-after Dallas locations.
Dallas, TX Office Inventory Description
Dallas is the largest economic center in the 12-county Dallas–Fort Worth metropolitan area, and generates more than $500 billion in gross metropolitan product each year, much of it through white-collar and head office employment. More than 51% of the office space in Dallas is Class A, while Class B properties account for nearly 48% of inventory.
The City Center–Arts District in Dallas is one of the densest areas for Class A office space. Bordered by State Route 366, Interstate 345 and Commerce Street, the area is home to prestigious office buildings such as 2100 Ross, Republic Center, and Pacific Place. Businesses such as AT&T, Comerica, and Tenet Healthcare are all headquartered in the Dallas City Center Business District.
Dallas, TX Commercial Inventory Breakdown
Office Spaces
Total: 158,853,704 SF
By square footage range:
- 50k to 100k SF: 12,608,047 SF / 7.94% of total office
- 100k to 500k SF: 85,901,050 SF / 54.08% of total office
- 500k to 1M SF: 24,904,216 SF / 15.68% of total office
- > 1M SF: 35,440,391 SF / 22.31% of total office
By class:
- Class A+: 13,833,881 SF / 8.71% of total office
- Class A: 63,494,594 SF / 39.97% of total office
- Class B: 58,536,479 SF / 36.85% of total office
- Class C: 1,908,820 SF / 1.2% of total office
Top 10 Largest Office Buildings
in Dallas
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Texas Instruments North Campus | 13592 North Central Expwy, 75243 | 6,966,710 | 1958 |
| Bank of America Plaza | 901 Main Street, 75202 | 1,849,729 | 1983 |
| Renaissance Tower | 1201 Elm Street, 75270 | 1,738,979 | 1974 |
| Comerica Bank Tower | 1717 Main St, 75201 | 1,600,000 | 1987 |
| Infomart | 1950 North Stemmons Fwy, 75207 | 1,570,969 | 1985 |
| Comerica Bank Tower | 1717 Main Street, 75201 | 1,530,957 | 1985 |
| The Tower at Cityplace | 2711 North Haskell Avenue, 75204 | 1,350,267 | 1985 |
| 1700 Pacific Avenue | 1700 Pacific Avenue, 75201 | 1,344,810 | 1983 |
| The Crescent | 100 Crescent Court, 75201 | 1,299,522 | 1983 |
| Fountain Place | 1445 Ross Avenue, 75202 | 1,262,217 | 1986 |
Largest Office Properties Recently Completed
in Dallas
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 300 Pearl | 2110 Jackson Street, 75201 | 558,214 | 2021 |
| Parkland Hospital - New Medical Office | 5101 Maple Avenue, 75235 | 525,000 | 2021 |
| Victory Commons One | 2601 Victory Avenue, 75219 | 364,530 | 2021 |
| The Link at Uptown | 2601 Olive Street, 75201 | 301,376 | 2021 |
| Weir’s Plaza | 3219 Knox Street, 75205 | 297,742 | 2021 |
| The Stack at Deep Ellum | 2700 Commerce Street, 75226 | 207,299 | 2021 |
| Freeman Headquarters | 2122 West Mockingbird Lane, 75235 | 158,000 | 2021 |
| The Brewery Building | 703 McKinney Avenue, 75219 | 143,285 | 2021 |
| Pavilion III MOB | 12228 North Central Expwy, 75243 | 107,188 | 2021 |
| Three Hickory Centre | 1801 Wittington Place, 75234 | 103,000 | 2021 |
Dallas, TX Green Office Space
Of the Top 30 Green Office Markets in the U.S., Dallas ranked 17th for energy efficient office buildings in 2017. While just over 3% of the office buildings larger than 50,000 square feet were LEED-certified, another 10% were Energy Star-rated by the EPA, and more than 12% were otherwise rated as green buildings.
A new recent study by the North Texas U.S. Green Building Council Chapter found that green construction is a major economic driver in the state of Texas. As both tenants and investors seek out green certified assets for their portfolios, adoption of green building practices continues to accelerate.
The 2017 National Green Building Adoption Index looked at office properties in 30 major U.S. markets and found that, including EPA Energy Star-rated properties, the percentage of green certification has increased from under 5% in 2005 to 38% as of mid-2017. Dallas ranked 17th according to this survey.
Dallas, TX's Top Office-Using Sectors
Major demand for Class A office space in Dallas comes is driven by the energy, technology, financial services, and the aerospace and defense industries. Some of the largest publicly traded companies in Dallas include Dean Foods, Southwest Airlines, Affiliated Computer Services, and Energy Transfer Equity.
- Energy – Due to the city's location in the oil-rich Permian Basin, the energy industry is a major contributor to the economy in the metro area, and also generates significant demand for Class A office space in Dallas. Energy, manufacturing and distribution companies such as ExxonMobil, Jacobs Engineering, and Pioneer Natural Resources are all located here.
- Technology – the Dallas metroplex is home to both traditional and non-traditional high-tech companies, including AT&T, Texas Instruments, and Fluor Engineering.
- Financial Services – financial services enterprises make up a key component of the demand for office space in Dallas, with companies such as Energy Future Holdings and GE Capital located here.
- Aerospace and Defense – American Airlines, Southwest Airlines, and the Celanese Corporation are all located in Dallas and are major local occupiers of office space.
Frequently Asked Questions
How much does office space cost in Dallas, TX?
The average office rental rate in Dallas, TX is $22.27 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Dallas Office Market Trends for more stats.
What is the size of available office spaces in Dallas, TX?
The Dallas, TX office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 297,051 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Dallas, TX is 101 square feet, while the maximum rentable space on the market now is 594,000 square feet.
How do I get office space in Dallas, TX?
Start your search for office space in Dallas, TX by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Dallas, TX?
There are 976 office listings on the Dallas, TX market. See all available office spaces for rent.
Where to rent an office space in Dallas, TX?
Popular Dallas neighbourhoods with available office spaces include Northwest Dallas, Central Dallas and North Central Dallas.
What other property types are available for lease in Dallas, TX?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Dallas Demographics
Population
- Total Population1,330,612
- Male Population(49.4 %) 657,714
- Female Population(50.6 %) 672,898
- Median Age32.70
Income/Financial
- Average Household Income$86,388
- Median Household Income$52,580
- Median Income Under 25$37,641
- Median Income 25-44$55,146
- Median Income 45-64$57,192
- Median Income Over 65$41,540
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