The Dallas-Fort Worth industrial market was performing well to start 2020, thanks to the metro’s robust job and population growth. The market continues to deliver an incredible amount of industrial supply, averaging more than 20 million SF of net new supply annually over the past few years.
Over the past 12 months, the market has added 32.2 million SF of new product. However, vacancies have remained stable at 6.7% due to a combination of impressive demand for speculative projects and a few significant build-to-suits that delivered. The market has been keeping up, absorbing 26.5 million SF over the past 12 months. The market leads the nation in construction, with 29.7 million SF underway. For a sense of scale, that’s more than Chicago and Phoenix combined.
At 4.2%, rent growth has remained positive and remains one of the leading large metros. This is especially impressive considering the metroplex added 171 million SF of new space this decade. A close second to the 175 million SF added to the Inland Empire in California. Transaction activity is driven by institutional capital, with national portfolio sales accounting for a significant portion of sales volume.
The information contained herein was obtained from CoStar; however, Bradford Companies makes no guarantees, warranties, or representation as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.