Industrial Mid-Year Report_Q2 2019_FINAL
Cushman &Wakefield Dallas/Fort Worth
Allen/McKinney
OBSERVATIONS & TRENDS
• Located on the northeastern most edge of the DFW market surrounded by heavy residential population • Most new supply to this submarket comes from built-to- suit, shallow bay, and high-finish deals (flex space) • Proximity to residential rooftops has motivated planning and ground breaking of several new speculative developments –– Hunt Southwest’s speculative 202K SF front-park, rear- load at I-75 and Wilmeth Road sold to MDC Investments, Inc. with no pre-leasing –– Dalfen’s McKinney Fulfillment Center, a speculative 115K SF front-park, rear-load at the SEC of Redbud Blvd and Corporate Drive in McKinney is 25% leased –– Sentinel Capital’s Phase I of McKinney National Business Park with two 75K SF rear-load speculative buildings just west of McKinney National Airport on FM 546 is expected to deliver by year-end SELECT NEW DEVELOPMENTS:
75
380
ALLEN/MCKINNEY
ALLEN
75
MURPHY
RICHARDSON
75
30
635
MARKET SUMMARY
ND
30
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
LAS
80
9.3
9.3
9.3
9.4
9.4
9.9
10.0
10.5
10.6
Inventory (MSF)
Overall Net Absorption (MSF)
98,155
32,900 194,810 499,072 338,526 470,371 106,799 147,478 (126,325)
FORNEY
45
12
175
16.3% 15.8% 13.8% 8.0% 3.1% 2.3% 3.4% 6.5% 7.7% 20
Overall Vacancy
BALCH SPRINGS
20
305,000
0
66,000 117,261
0
423,927 198,000 455,722 102,954
Completions (MSF) HUTCHINS
175
Under Construction (MSF) 45
66,000 66,000 117,261
0
291,620 108,000 140,000 30,954 147,500
ANCASTER
WILMER
30 Q2 2019
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