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Q3 2022 | Dallas-Fort Worth Office Market Report

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DFW Office Market is Showing Mixed Signals

Key Takeaways


  • Absorption was strong in the 3rd quarter with over 1.3 million square feet of recorded move ins.
  • Overall vacancy rate dropped 50 basis points to 19.5%.
  • The average asking rental rate for buildings of all classes surpassed $30.00 for the first time in the history of the market.

 

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Q3 2022 | Dallas-Fort Worth Office Market Report

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Mike Otillio

Research Director

Dallas

Mike Otillio is the Research Director  for Colliers International in Dallas, Texas. In this role Mike supports all of the brokers in the Dallas Office in all property types. His expertise is in gathering hard to get commercial real estate information and helping turn that information into commercial real estate knowledge for the brokers.

Mike has extensive experience in Commercial Mortgage Backed Securities and a Bloomberg terminal. Whether the project is related to building ownership information, company research, or Microsoft Excel and everything in between, Mike can help find the answers.

Mike’s knowledge of online commercial real estate tools and his natural tendency to always be on the lookout for better, improved tools make him great resource when it comes to searching for commercial real estate information.

Before working in commercial real estate, Mike worked for the Lafayette Economic Development Authority in Lafayette, Louisiana, starting first in the Research Department, and eventually becoming the Business Recruiter for Lafayette Parish (County). During his time in Economic Development, Mike worked towards receiving his certification in Economic Development through the University of Oklahoma’s Economic Development Institute. This education makes Mike a knowledgeable asset to the team when it comes to working with Economic Development agencies throughout the area. Mike also spent 4 years working in the research department at Mohr Partners.

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