Industrial Mid-Year Report_Q2 2019_FINAL
Industrial Insider Mid-Year Report
Under Construction - Availabilities (100K SF+)
Building
Developer/Owner
RBA
SF Available
Interstate Crossing
Hunt Southwest
1,023,488
1,023,488
Alliance Westport 11
Hillwood
1,002,536
1,002,536
Speedway Logistics Crossing - Building 2
Scannell
795,780
795,780
Alliance Center North 3
Hillwood
783,465
783,465
Westport Logistics - Building 2
PLR
677,429
677,429
Mark IV Commerce Park - Building 1
Crow Holdings Industrial
581,000
581,000
Alliance Northport 1
Hillwood
500,555
500,555
Northwest Commerce Park - Building 1
Stream / Morgan Stanley
473,894
473,894
Speedway Logistics Crossing - Building 3
Scannell
408,240
408,240
Speedway Logistics Crossing - Building 1
Scannell
390,000
390,000
Northwest Commerce Park - Building 3
Stream / Morgan Stanley
351,194
351,194
Northwest Commerce Park - Building 2
Stream / Morgan Stanley
266,152
266,152
Mark IV Commerce Park - Building 3
Crow Holdings Industrial
239,500
239,500
Alliance Northport 5
Hillwood
225,930
225,930
Alliance Northport 4
Hillwood
225,472
225,472
Westport Logistics - Building 1
PLR
205,136
205,136
Mark IV Commerce Park - Building 2
Crow Holdings Industrial
205,000
205,000
Fossil Creek Commerce Center
First Industrial
198,589
198,589
Planned Speculative (100K SF+)
Building
Developer/Owner
RBA
SF Available
Intermodal Logistics Center - Building 2
Northpoint Development
1,007,000
1,007,000
NorthLink A
Hines
754,313
754,313
NorthLink B
Hines
263,200
263,200
FORECAST The construction pipeline for both Alliance and North Fort Worth will remain active throughout the rest of the year with 8.6 MSF of speculative product under construction in the submarkets combined. However, with continued elevated tenant demand, it is anticipated the area’s leasing fundamentals will remain strong. We forecast that an increase in vacancy for Alliance is likely in the short term - a result of the current construction pipeline. Longer term, the area should return to equilibrium as the majority of good developable sites are now under developer control, and a disciplined approach to future development is expected.
TA B L E O F CON T E N T S
Q2 2019
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