The Dallas-Fort Worth office pipeline is at its highest level in years, according to new data from commercial real estate firm JLL.
Not since the COVID-19 pandemic fallout has Metroplex seen such an active pipeline of potential office leases. Thanks to large occupiers returning to the market, Dallas-Fort Worth experienced a post-pandemic high of 7.6 million square feet of active space requirements, more than double the amount recorded during the same period last year.
Notably, in the second quarter of 2025, leasing activity decreased to 2.4 million square feet, down from 3.1 million square feet in Q1.
Still, the healthy pipeline suggests North Texas’ office activity could be recovering.
During the second quarter, the DFW office market registered 154,481 square feet of positive net absorption; the amount of space leased compared to the amount of space vacated. According to JLL, Los Colina and North US 75 Corridor submarkets led in this metric.
With the delivery of 23Springs earlier this year, JLL says roughly 60% of the current office pipeline is now comprised of build-to-suit projects from financial giants Goldman Sachs and Wells Fargo.
The remaining 40% are also mostly build-to-suit projects, leaving few options for people seeking new buildings, says Cribb Altman, managing director at JLL.
“Hopefully that helps elevate the rental rate for some of these existing products because our supply certainly has dwindled for newer construction options,” Altman said, per the Dallas Business Journal.
Micah Rabalais, research manager at JLL, notes that the market is experiencing a resurgence of large occupiers, a trend that is helping to buoy the numbers.
“What’s going to help even more is that we’re seeing all those large occupiers get back, and so now we’ve kind of got the full breadth of leasing activity really being covered again,” Rabalais said.