The Dallas Fed’s September 2, 2026 Beige Book described recovering office markets with positive absorption and flat-to-declining vacancy, while noting difficulty for older buildings. The report covers the Eleventh District and does not establish conditions for every North Texas submarket.
Compare the right alternatives
Review buildings competing for the same tenant, not simply offices within a broad radius. Location, condition, parking, suite sizes and building services influence what a tenant will compare. Distinguish asking rents from signed lease economics.
Include the leasing bill
A vacant suite may need improvements, leasing commissions and a period of free rent before it produces dependable cash flow. Review remaining lease terms, renewal options and tenant obligations. Budget for building systems and common areas as well as suite interiors.
Our view
For an older office property, a lower price can be offset by the cost of repositioning it. We would test the business plan with realistic downtime and leasing costs before relying on a market recovery. An owner-user should also compare the long-term cost and flexibility of leasing.
Source: Dallas Fed Beige Book · September 2, 2026 ↗
Investa’s interpretation and review questions are educational commentary. Property conclusions require current, property-specific evidence. Published October 15, 2026.