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Rents hold fairly flat over the year, ranges vary greatly by submarket
In the second quarter of 2019, the overall average asking rent stood at $24.41 per square foot (psf) in the Dallas/ Fort Worth market, reflecting annual and quarterly increases of 1.2% and 1.5%, respectively. Rents ranged from a low of $14.28 psf in the East Dallas submarket, to $34.69 psf in Uptown. Market-wide Class A rents followed a similar trend, increasing 1.4% both year over year and quarter over quarter, to $26.76 psf. Over the trailing four quarters, Class A rent spikes were seen in West LBJ, Stemmons, and LBJ submarkets. Southwest Dallas and North Fort Worth had the greatest year-over-year Class A rent declines of 14.8% and 8.0% respectively.