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Fidelis In The News

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Dallas-Fort Worth Market Update: Construction Activity On the Up

February 7, 2022

The metro’s new office developments amounted to 4.6 million square feet, according to CommercialEdge.

The Dallas-Fort Worth office market finished 2021 strong in terms of construction activity. According to CommercialEdge, more than 5.1 million square feet of office space were under construction across the metro in December, representing 1.9 percent of stock.

At the start of the month, Granite Properties started construction on Granite Park Six, a 420,000-square-foot office building in Plano. Rising within the 90-acre Granite Park mixed-use development, the 19-story tower was designed by BOKA Powell to achieve both LEED and Fitwel certifications. Delivery is slated for June 2023.

A good year

2021 was a very good year for office development, as more than 4.6 million square feet of space broke ground in The Metroplex. The Platinum Corridor North submarket saw most of the office construction, with more than 1 million square feet underway as of December, followed by Las Colinas, with some 880,000 square feet.

One of the largest office developments of 2021 broke ground in June. Fidelis Healthcare started construction on CHRISTUS Health System’s new 456,000-square-foot headquarters in Irving, with completion slated in 2023. The 15-story building takes shape at 5101 N. O’Connor Blvd., near the Toyota Music Factory.

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