The landscape of Fort worth‘s office market is undergoing a notable transformation, with a distinct shift toward the western part of the city. This evolution is marked by the development of several Class A and trophy office properties, which are not only enhancing the city’s skyline but also driving up rental rates and reducing vacancy rates.
According to recent data, the average asking rent in the second quarter of 2026 reached $29.92 per square foot a notable increase from $29.51 in the first quarter and $28.79 a year earlier. This upward trend is a clear indicator of the robust demand for premium office spaces in Fort Worth.
The Rise of Trophy Properties
The development of trophy properties has been a significant factor in the city’s office market growth. These high-end projects are not only attracting major tenants but also setting new standards for office spaces in Fort Worth. Among the notable developments are:
Crescent Offices West
Developed by Crescent Real Estate this project features JPMorganChase as an anchor tenant. The development is part of a broader trend of high-profile companies relocating their operations to the western part of the city.
The Jewel Box
Located at Westside Village The Jewel Box is Fort Worth’s first mass timber office building. This innovative project is part of a $1.7 billion mixed-use development by Larkspur Capital and Robert Bass’s Keystone Group. The development also includes residential and retail components, making it a comprehensive addition to the city’s landscape.
The Van Zandt
Developed by Goldenrod Companies The Van Zandt is a mixed-use development on West 7th Street that includes 100,000 square feet of new high-end office space. This project is another example of the city’s focus on creating premium office environments.
The Offices at Clearfork
Already open and operational, The Offices at Clearfork has added 75,800 square feet of trophy space, with Wells Fargo anchoring the building. This development marks a significant shift in operations from downtown to the western part of the city.
Market Strength and Future Prospects
The Fort Worth office market is showing remarkable strength, with four consecutive quarters of positive net absorption. This means that the amount of newly leased square footage has consistently exceeded the space vacated, indicating a healthy demand for office spaces. The vacancy rates across both Class A and Class B properties are steadily declining, further reinforcing the market’s robustness.
According to Carl Anderson president of Larkspur Capital the Class A office market in Fort Worth is virtually full, with high demand for available spaces. ‘We’re already trading term sheets on a lot of office space,’ Anderson noted on March 5 at the groundbreaking of The Jewel Box project. This sentiment underscores the optimistic outlook for the city’s office market.
The local office market is not only outpacing the national average for rental rates but also attracting significant investment. The ongoing developments and the strong demand for premium office spaces suggest that Fort Worth’s office market is poised for continued growth and success.