Fort Worth Commercial Office Space for Rent

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Q3 2026

Q3 2026

Q3 2026 Fort Worth Commercial Real Estate Market Report

Focus: Q3 2026 Market Trends

Executive Summary

Fort Worth office posted its fifth straight quarter of positive absorption in Q3 2026, led by Westlake/Southlake, where Goosehead Insurance renewed and expanded about 250,000 SF. Fort Worth industrial absorbed 6.23 million SF, with Alliance alone adding 3.63 million SF. On TenantBase, office demand more than tripled to 45.9% of Fort Worth tenant searches, up from 13.4% in Q2.

Sector Snapshot

Office: Recovering. Vacancy fell to 18.0%, with 78,113 SF of positive absorption in Q3.
Industrial: Strong absorption. Vacancy was 6.6%, with 13.83 million SF under construction.
Retail: Record occupancy. DFW retail occupancy held at 95.3% at midyear.
Multifamily: Supply heavy. DFW average asking rent was $1,524, down 1.6% year over year.

Fort Worth Tenant Demand Index

The TenantBase Tenant Demand Index tracks what businesses across the Fort Worth region are actively searching for on the TenantBase platform each quarter. Because it measures tenant intent before leases are signed, it shows where demand is heading ahead of traditional vacancy and absorption data.

Q3 2026 Search Share by Space Type (July 1 to September 30, 2026)

Office: 45.9%
Retail/Storefront: 44.3%
Warehouse/Industrial: 9.8%

Three-Quarter Trend

Office: 18.5% in Q1, 13.4% in Q2, 45.9% in Q3
Retail/Storefront: 53.7% in Q1, 62.2% in Q2, 44.3% in Q3
Warehouse/Industrial: 27.8% in Q1, 24.4% in Q2, 9.8% in Q3

Key Takeaways

Office became the top category, rising from 13.4% of searches in Q2 to 45.9% in Q3.
Office tenants are committing longer. 64.3% of office searches sought terms of 2 years or longer, up from 46.4% in Q2.
Retail tenants favor multi-year terms. 3 to 5 year terms led retail searches at 30.8%.
Arlington and West Fort Worth were the most searched single locations, followed by South Fort Worth and Alliance.

Office Market

Key Metrics (Q3 2026, JLL)

Vacancy: 18.0%, down 30 basis points from Q2, with Class A at 12.5% and Class B at 22.5%
Net absorption: 78,113 SF, the fifth straight quarter of occupancy gains
Direct asking rent: $30.14/SF, with Class A at $38.55/SF
Construction: 377,041 SF underway, 29.9% preleased, with deliveries starting in the second half of 2027
Submarkets: Downtown at 12.3%, Westlake/Southlake at 14.9% with 52,527 SF of Q3 absorption, and North Fort Worth at 20.8%

TenantBase Office Activity

Demand share: 45.9% of Fort Worth tenant searches, up from 13.4% in Q2 and 18.5% in Q1.

Lease terms:

Less than 1 year: 35.7%
2 to 3 years: 28.6%
3 to 5 years: 28.6%
5+ years: 7.1%

Space requirements by term:

Less than 1 year: 1,250 to 2,583 SF
2 to 3 years: 2,167 to 4,417 SF
3 to 5 years: 1,500 to 3,333 SF

TenantBase data vs. the market: Fort Worth office tenants on TenantBase are seeking small to mid-size space and shifting toward multi-year terms. With Class A vacancy at 12.5% and new supply not arriving until late 2027, tenants seeking quality space should plan early, especially Downtown and in Westlake/Southlake.

Industrial & Warehouse Market

Key Metrics (Q3 2026, Cushman & Wakefield, Fort Worth)

Vacancy: 6.6%
Net absorption: 6.23 million SF in Q3 and 12.85 million SF year to date
Asking rent: $9.19/SF NNN
Construction: 13.83 million SF underway, with 10.81 million SF delivered year to date
Submarkets: Alliance absorbed 3.63 million SF at 5.3% vacancy, Central Fort Worth was at 2.5%, and South Fort Worth at 9.1%
Major lease: Red Bull, 619,363 SF at Tarrant Trade Center in Alliance

TenantBase Warehouse Activity

Demand share: 9.8% of Fort Worth tenant searches, down from 24.4% in Q2 and 27.8% in Q1.

TenantBase data vs. the market: Warehouse searches on TenantBase were limited in Q3 and leaned toward multi-year terms. Small-bay tenants face tight conditions in Central Fort Worth at 2.5% vacancy, while South Fort Worth offers more availability.

Retail Market

Market Conditions (Weitzman, Midyear 2026, Dallas-Fort Worth)

Occupancy: 95.3%, matching the year-end 2025 level
New space: about 4.2 million SF expected in 2026, up from 2.4 million SF in 2025

TenantBase Retail Activity

Demand share: 44.3% of Fort Worth tenant searches, down from 62.2% in Q2 and 53.7% in Q1.

Lease terms:

3 to 5 years: 30.8%
Less than 1 year: 26.9%
2 to 3 years: 26.9%
5+ years: 15.4%

Space requirements by term:

2 to 3 years: 833 to 2,000 SF
3 to 5 years: 2,625 to 5,250 SF

TenantBase data vs. the market: Fort Worth retail tenants on TenantBase are seeking small and mid-size storefronts, with longer terms tied to larger spaces. High regional occupancy means well-located space leases quickly.

Development & Economic Drivers

Harting Connectivity: a proposed $192.7 million plant with 700 jobs, supported by a 10-year tax abatement approved by City Council (Bisnow, October 2026)
Panther Island: a planned $100 million-plus, 290-unit tower with about 9,000 SF of retail at North Main and NE 4th (Connect CRE, June 2026)
Jobs: Fort Worth unemployment was 4.3%, with average hourly earnings up 3.6% year over year (Dallas Fed)

Multifamily Market

Dallas-Fort Worth average asking rent was $1,524 in Yardi Matrix's July 2026 report, down 1.6% year over year, with occupancy at 92.3%. About 45,498 units were under construction across the metro.

Q4 2026 Outlook

Office: Expect continued occupancy gains, led by Westlake/Southlake and Downtown.
Industrial: Expect Alliance and North Fort Worth to lead absorption.
Retail: Expect occupancy to stay high as new space opens in growth corridors.
Multifamily: Expect concessions to persist as new supply leases up.

Frequently Asked Questions

What type of commercial space are Fort Worth tenants searching for in 2026?

In Q3 2026, 45.9% of Fort Worth tenant searches on TenantBase were for office space, 44.3% for retail space, and 9.8% for warehouse space.

What is the office vacancy rate in Fort Worth?

Fort Worth office vacancy was 18.0% in Q3 2026, with Downtown at 12.3%, according to JLL.

What is the industrial vacancy rate in Fort Worth?

Fort Worth industrial vacancy was 6.6% in Q3 2026, with 6.23 million SF of net absorption, according to Cushman & Wakefield.

How can I find commercial space in Fort Worth at no cost?

TenantBase matches business tenants with vetted independent tenant rep brokers across the Fort Worth region at no cost to the tenant. Brokers are compensated by the landlord. Get started with TenantBase.

Sources

Disclaimer

Information in this report is aggregated from third-party sources and TenantBase proprietary platform data, and was synthesized with the assistance of AI. Market metrics reflect the most recent published data available at the time of writing. TenantBase search data reflects tenant activity on the TenantBase platform and is not a measure of total market leasing. All figures should be independently verified before making real estate decisions.

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