Page 88 - Southlake FY20 Budget

City Profile

Office Occupancy Rate

OFFICE OCCUPANCY RATE - SOUTHLAKE OFFICE OCCUPANCY RATE - DFW MARKET
88.0%
85.8% 86.0% 85.6%
86.0% 85.3% 85.4% 85.3%
84.6%
84.0%
84.0% 83.5% 83.3%
82.5% 82.3% 82.5%
81.9% 82.1%
82.0%
80.5% 80.3%
80.0% 79.8%

78.0%
77.7%
75.6% 75.7%
76.0%
74.7%
74.0%

72.0%

70.0%

68.0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
(THROUGH
Q2)
Warning Trend:
Decreasing occupancy rates Calendar Year

If the economy is sluggish or declining, demand for residential, commercial, and industrial property may drop and
occupancy rates may decline. Tracking changes in occupancy rates can provide an early warning of potential economic
or demographic problems. This chart shows that Southlake’s office occupancy rate is slightly below that of the DFW
market and has recently tracked downward. This can be attributed to additional vacancy on the market from recently
completed developments that are currently pursuing tenants.

Office Occupancy Rate - Office Occupancy Rate - DFW
Calendar Year
Southlake Market
2009 75.2% 82.9%
2010 75.1% 82.9%
2011 77.9% 83.7%
2012 81.4% 84.2%
2013 82.0% 85.0%
2014 82.0% 85.3%
2015 80.8% 81.3%
2016 81.3% 85.8%
2017 85.8% 78.8%
2018 80.3% 85.4%
2019 (Through Q2) 82.5% 85.3%

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