[[{“value”:”
**Austin Leads the Nation in Office Vacancy Rates**
Recent data from Commercial Cafe reveals that Austin, Texas, had the highest office vacancy rate in the region last month, reaching nearly 28%. Dallas-Fort Worth followed closely with a vacancy rate of 23.2%. Both cities are notable for having some of the largest office construction pipelines in the country.
In terms of office sales, Houston recorded a total of $1.2 billion in transactions through June, ranking second among top Southern U.S. markets and fifth nationwide. Houston also emerged as one of the most affordable office investment markets in the region, with properties trading at an average of $109 per square foot — making it the third-lowest in the South and the eighth-most affordable market nationally.
Texas markets continued to dominate office development across the Southern U.S., with about 61% of the region’s under-construction office space located in Dallas-Fort Worth, Austin, and Houston. Specifically, Dallas-Fort Worth leads with 3.25 million square feet under construction, followed by Austin with 2.71 million square feet, and Houston with nearly 1.8 million square feet. Notably, Dallas-Fort Worth’s development pipeline is currently the largest in the South and second only to Boston nationwide.
“}]]
