By Steve Brown, Dallas Morning News
You don’t have to tell North Texas businesses that office rents are on the move.
Huge employment gains in the area and corporate moves are fueling the strongest demand for office space in decades. So it’s no wonder that tenants have to pay a lot more for their business space.
Average quoted rents in the Dallas area were up 8 percent at midyear from the first quarter.
Office rents in North Texas now top $25 per square foot on average — a record high, according to JLL.
The only other North American markets with big rent gains on the list were Montreal (6.3 percent) and San Francisco (5.8 percent).