Newmark：2025年第四季度达拉斯办公楼市场报告（英文版）

Annual full-service asking rental rates increased by 0.3% quarter over quarter and 4.4% year over year to a new high of $32.01/SF. Vacancy improved year over year by 20 basis points in the fourth quarter of 2025 to 24.6%, reflecting the second consecutive quarter without an increase. The under-construction pipeline rose to 2.4 MSF, increasing by 23.2% quarter over quarter, as two new projects entered the pipeline, including the largest 325,000-SF Fields West. While average lease sizes moderat