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Dallas-Fort Worth office market brings healthy leasing momentum into 2025
The Dallas-Fort Worth office market has started the year out strong, with leasing activity up over 1.1 million square feet (msf) year over year to 3.5 msf in Q1 2025. The North Dallas Corridor saw significant activity, with five of the largest 10 deals occurring within this submarket. Overall demand for office space within the Dallas-Fort Worth market appears healthy, with the market observing multiple deals greater than 100,000 square feet (sf). Among these deals were Toyota Financial Services who leased over 241,000 sf in Frisco, Geico who leased over 165,000 sf in Richardson, and WeWork who leased approximately 154,000 sf on behalf of Amazon in Irving. Looking forward, the outlook of the Dallas-Fort Worth office market remains optimistic as companies continue to see the Dallas-Fort Worth metroplex as an attractive option as they expand. For example, KFC announced this quarter that they are planning to move its headquarters from Louisville, Kentucky to Plano with the expectation to bring more than 100 workers.