Page 114 - CityofSouthlakeFY26AdoptedBudget

Office Occupancy Rate

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City Profile
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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

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 82.5% 82.0%
2025 (Through Q2) 84.9% 82.2%

114 FY 2026 City of Southlake | Budget Book FY 2026 City of Southlake | Budget Book 115