CoStar Insight

Bill Kitchens

Itziar Aguirre

<div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>Dallas-Fort Worth and Houston are reporting some of the highest office vacancies in the country, at <span class="Enhancement"><span class="Enhancement-item"><a class="Link
" href="https://product.costar.com/Market/#/search/detail/market/USA/type/2/property/5/geography/19100/slice/all" target="_blank">18%</a></span></span> and <span class="Enhancement"><span class="Enhancement-item"><a class="Link
" href="https://product.costar.com/Market/#/search/detail/market/USA/type/2/property/5/geography/26420/slice/all" target="_blank">18.7%,</a></span></span> respectively, caused in part by empty spaces in older buildings. </p></div></div>

United States

Analytics

Lease Sizes Have Decreased in More Recent Years As Firms Reevaluate Space Needs

Aging Buildings Contribute to Structurally Higher Vacancies in Dallas-Fort Worth and Houston

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

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CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

CoStar has introduced a new market-based program recognizing the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction will be singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Aging Buildings Contribute to Structurally Higher Vacancies in Dallas-Fort Worth and Houston

Lease Sizes Have Decreased in More Recent Years As Firms Reevaluate Space Needs

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