Commercial real estate fundamentals across Dallas-Fort Worth are improving. Cushman & Wakefield
has released its preliminary third quarter office market report. With ongoing job growth, the firm expects current trends to continue or improve through the remainder of 2012. C&W reports that direct and overall absorption, which includes sublease space, totaled 1.8 million square feet and 2 million square feet for the quarter—an improvement of 150.4 percent and 87.4 percent when compared to 2011 figures for the same period. Office leasing activity, new leases signed, also improved, hitting 10.1 million square feet year to date, up from 9.6 million for the same nine months last year. More than 4 million square feet of that activity came in the second quarter, with significant leases from State Farm
, United HealthCare Group
, and Wingspan
. Las Colinas (2.3 million square feet) was one of the three submarkets that saw more than 1 million square feet in deals during the third quarter.