Page 119 - CityofSouthlakeFY27Budget
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TABLE OF CONTENTS
OFFICE OCCUPANCY RATE
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
City Profile
warning of potential economic or demographic problems.
K&&/ K hW E z Z d Ͳ ^Khd,> < K&&/ K hW E z Z d Ͳ &t D Z< d
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Warning Trend: Decreasing occupancy rates
Calendar Year Office Occupancy Rate - Southlake Office Occupancy Rate - DFW Market
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 84.8% 82.3%
2026 (Through Q2) 87.6% 82.9%
FY 2027 City of Southlake | Budget Book 119
