• Lingering COVID-19, political uncertainty and severe weather converged in the fourth quarter and the impact was deterioration in economic performance.
  • The Dallas job market slowed in November after charting strong growth in October, marking its seventh consecutive month of job gains since the onset of its recovery, according to the Dallas Fed.
  • The DFW office market logged negative absorption for the fourth straight quarter, yet to a lesser degree than in Q3 2020.
  • Sublease space has been rising steadily over the last several months but new additions to the sublease market slowed in Q4 2020.
  • The construction pipeline is up to 4.2 million sq. ft. and was 45% preleased at the close of the year.