Page 103 - CityofSouthlakeFY25AdoptedBudget

Office Occupancy Rate

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Warning Trend: Decreasing occupancy rates
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.

Calendar Year Office Occupancy Rate - Southlake Office Occupancy Rate - DFW Market

2012 79.8% 84.0%
2013 81.9% 84.6%
2014 82.1% 85.3%
2015 80.5% 85.8%
2016 82.3% 86.0%
2017 77.7% 85.6%
2018 80.3% 85.4%
2019 82.0% 85.2%
2020 79.7% 83.8%
2021 82.2% 82.4%
2022 82.2% 82.7%
2023 79.8% 82.4%
2024 (Through Q2) 83.1% 81.8%

FY 2025 City of Southlake | Budget Book 103