Texas’ reputation for scale is exemplified in the Metroplex’s office market. Dallas/Fort Worth added the most jobs in the country last year, a performance anticipated to be duplicated again in 2020. Office-using payroll growth has been particularly impressive, expanding by more than 4 percent. Unemployment, meanwhile, begins the year in the mid-3 percent range, representing the lowest level in nearly 20 years. Despite favorable demand-side momentum, vacancy remains stubbornly in the high teens as builders move in lockstep with expanding employers. That trend should begin to fade this year as supply additions fall to the lowest level in five years. Nonetheless, several quarters of strong demand and weakening construction will be necessary before rent gains eclipse 3 percent. As expected, much of the space under construction is speculative and pre-leasing is hovering near 40 percent for office properties scheduled for delivery in 2020. Following this year, however, greater relief from supply-side pressure should emerge as space commitments increase and the construction pipeline abates.