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North Texas’ expanding tenant base and strong economy led to strong demand for office space throughout the year. The Texas Workforce Commission reported in December that the Dallas-Fort Worth (DFW) labor market grew 4.4% by adding 136,900 nonagricultural jobs over the last 12 months (375 jobs per day).
The two sectors leading the growth were the professional & business services and the trade, transportation & utilities sectors adding 48,800 and 28,800 jobs, respectively. The unemployment rate in the DFW market fell to 4.0%, the lowest level since April 2008 and well below the U.S. (5.4%).
Source : Cushman & Wakefield
