Showing a strong demand for new office product coming to market, there are 22 projects remaining in the construction pipeline with pre-lease rate of 49.6%. The DFW office market had its 31st consecutive quarter of positive absorption and the fourth quarter had the highest absorption of 2017 with 1.1 million square feet, bringing the year-to-date total to nearly 2.7 million square feet. Asking rates rose once again for a DFW-wide average of $24.48, up 96 basis points from third quarter 2017. Vacancy rates began to compress slightly by 10 basis points from third quarter 2017, but are still up a full percentage year-over-year. DFW’s unemployment rate of 3% continues to outperform the US average of 4.7%, according to a report by CBRE Research.—Lisa Brown