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The Dallas-Fort Worth metropolitan area, a title designated by the U.S. Census as of 2003, encompasses 12 counties within the U.S. state of Texas. Residents of this region informally refer to it as the Dallas-Fort Worth Metroplex, or simply The Metroplex (the term was originally invented to refer to Dallas-Fort Worth). North Texas is also a commonly-used term.

The cities of Dallas and Fort Worth are the anchor cities of the Metroplex. Dallas and its suburbs have one of the highest concentrations of corporate headquarters in the United States, making Fort Worth office space an excellent choice. office space in Fort Worth is necessary because one of the largest industries in the Metroplex is conducting business. The Metroplex also contains the largest Information Technology industry base in the state (often referred to as Silicon Prairie), owing to the large number of corporate IT projects and the presence of numerous electronics, computing and telecom firms such as Texas Instruments, Electronic Data Systems, Perot Systems, i2, AT&T, and Verizon in and around Dallas. American Airlines is the largest employer in the Metroplex. Several major defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex. ExxonMobil, the #2 corporation on the Fortune 500 listings, is headquartered in Irving, Texas. Choosing Fort Worth office space to expand your operations is the perfect choice.

The Fort Worth office space for lease market maintained a steady pace throughout fourth quarter 2007 and registered roughly 420,000 square feet of black ink, primarily driven by the Fort Worth office space Class A market. Not surprisingly, the suburbs fueled the absorption growth with West Plano/Frisco and LBJ Freeway at the top. Conversely, the Dallas Central Business District (CBD) experienced a challenging final quarter of the year. As Hunt Oil Company filled its new global headquarters facility, a 325,000 square foot block of space in the nearby Fountain Place went dark. Fort Worth office space for sale however was a little less active than the Fort Worth office space for lease market.

Robust employment growth in the financial and business services sectors, which offset losses in the technology and housing-related fields, fueled the need for Dallas-Fort Worth office space in 2007. Local office absorption mounted to a little more than 2.3 million square feet for the year. Although the Metroplex certainly did not witness the robust pace of 2006 (where absorption was 3.8 million square feet greater) Dallas-Fort Worth office space market fared well in recent months considering the effects of turbulence in the credit markets as well as housing troubles and a looming national economic slowdown. Dallas-Fort Worth’s business and developer friendly mentality coupled with its wide array of housing options, strong transportation networks and central location across the United States all helped to boost the Fort Worth office space leasing market. Accounting for approximately 88 percent of the annual absorption growth, the suburban markets once again dominated the Fort Worth office space leasing market. In addition, the area’s increasing retail, restaurant and entertainment space is a draw for large office space users in Dallas-Fort Worth.