Industrial Mid-Year Report_Q2 2019_FINAL
Cushman &Wakefield Dallas/Fort Worth
Valwood/North Stemmons
75
ENTON
380
OBSERVATIONS & TRENDS 380
5E
LITTLE ELM
CORINTH
FRISCO
• “Workhorse Market” with proximity to highly populated areas, high quantities of labor and major highways as the driving factor for high demand • Low vacancy rates and increasing rental rates resulting from “building out” of park • Expect future redevelopment in the submarket, because rates are justifying some teardowns and reinvestment of capital 30 –– U.S. Auto Force leased 151,176 SF at Panattoni’s Valwood Logistics Center, a speculative rear-load development delivered during the first quarter –– Steelcase purchased Core5’s Valwood Crossroads, a two- building speculative development (337K SF and 280K SF) expected to deliver by year-end FORNEY 80 SELECT NEW DEVELOPMENTS
ALLEN
HIGHLAND VILLAGE
75
PLANO
35E
121
FLOWER MOUND
VALWOOD/ STEMMONS
MURPHY
ADDISON
E
RICHARDSON
CARROLLTON
35E
121
75
GRAPEVINE
635
FARMERS BRANCH
114
635
360
YVILLE
635
114
121
12
12
ORD
HIGHLAND PARK
EULESS
35E
30
183
IRVING
75
DALLAS
360
30
30
GRAND PRAIRIE
ARLINGTON
12
35E
45
12
175
20
BALCH SPRINGS
12
20
20
20
HUTCHINS
67
35E
175
DUNCANVILLE
MARKET SUMMARY
45
360
DESOTO
LANCASTER
WILMER
FIELD
67
35E
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
46.4
46.4
46.7
47.1
48.5
49.0
50.2
50.4
50.5
Inventory
Overall Net Absorption (MSF)
660,374
1.2
2.0
241,723
1.8
843,752
1.5
591,408 246,740
12.7% 10.2% 6.5% 6.8% 5.8% 5.2% 4.3% 4.6% 5.5%
Overall Vacancy
343,394 28,380 299,550 398,249
1.4
542,355
1.1
235,900 151,176
Completions (MSF)
Under Construction (MSF)
28,380 299,550 28,532 985,192 860,043
1.0
235,900 803,445 674,491
100 Q2 2019
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