DFW Market Insights – Industrial – 3Q 2019

In DFW Market Reportsby Bradford

The DFW 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.

D-FW 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, and as of 19Q3, that level was approaching 25 million SF. However, vacancies have remained flat 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 23.5 million SF of the 25.2 million SF of new space over the past 12 months. The market leads the nation in construction, with 37.6 million SF underway as of 19Q3. For a sense of scale, that is more than Atlanta and Houston combined.

Continued economic expansion nationally and strong regional demographics are driving demand for industrial space in this super-regional distribution market. As U.S. consumption and production expands, third-party logistics providers, national retailers, and consumer packaged goods firms continue to look to Dallas-Fort Worth as a critical hub for their distribution networks.

Read more in our DFW Industrial Market Report:
DFW Industrial Market Insights - 3rd Quarter 2019
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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.