The Dallas-Fort Worth industrial market continues to perform well, thanks to the metro’s robust job and population growth and the continued strength of the regional and U.S. economy. The market continues to deliver an incredible amount of industrial supply.
The metroplex has averaged more than 20 million SF of net new supply annually over the past few years. Over the past 12 months, the market has added 28.1 million SF of new product. However, vacancies have remained stable at 6.5% 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 24.1 million SF over the past 12 months. The market leads the nation in construction, with 30.8 million SF underway. For a sense of scale, that’s more than Atlanta and Phoenix combined. At 5.4%, rent growth has remained positive and is still outpacing the metro’s average. This is especially impressive, considering how late it is in the current economic cycle. 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.