Intelligent Investment

Dallas 2025 U.S. Real Estate Market Outlook Midyear Review

August 6, 2025 10 Minute Read

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Executive Summary

Office

  • Demand levels should continue to increase through 2025, with urban assets seeing more interest.
  • Supply will continue to diminish as new construction deliveries slow, but more Class B and less capitalized assets will continue to feel tenant flight to quality.
  • Continued rent growth expected for the market, with top-quality assets in prime locations leading the trend.

Industrial

  • Dallas/Fort Worth’s longstanding status as prime inland industrial hub generates high investor preference.
  • The market’s strong underlying fundamentals will continue to sustain a strong leasing environment.
  • Construction pipeline increases at a steady pace while vacancy continues to decrease.

Retail

  • Master-planned and mixed-use developments chart path for retail growth.
  • Grocery stores will continue to be active retail center anchors.
  • Recent parking reform in Dallas will bode favorable for retail development, particularly food and beverage, as parking minimums are reduced or eliminated.

Multifamily

  • Economic and demographic trends should persist for the foreseeable future, fueling investment and growth in the multifamily sector.
  • The rent vs. buy equation favors multifamily assets, but gap could narrow with expected interest rate cuts.
  • Market performance attracts new investors eying strengthening fundamentals.
Businesspeople climbing stairs toward modern office buildings, symbolizing career advancement in commercial real estate.
Report

2025 U.S. Real Estate Market Outlook Midyear Review

July 30, 2025
While economic uncertainty tempers growth, fundamentals remain healthy with pockets of outperformance across the industry.
Read the Report

Local Market Outlooks