Industrial Mid-Year Report_Q2 2019_FINAL
ALLEN
HIGHLAND VILLAGE
Cushman &Wakefield Dallas/Fort Worth
75
PLANO
35E
121
FLOWER MOUND
4
East Fort Worth ROANOKE SOUTHLAKE 114
MURPHY
ADDISON
RICHARDSON
CARROLLTON
35W
35E
121
75
GRAPEVINE
287
635
OBSERVATIONS & TRENDS FARMERS BRANCH
114
KELLER
635
NORTH RICHLAND HILLS
360
COLLEYVILLE
635
• Comprised primarily of smaller, multi-tenant product developed in previous cycles • Since 2010, East Fort Worth has delivered less than 600,000 SF of new industrial product • Limited new development opportunities due to lack of available land and shallow demand • PAK Quality Foods’ 63,375 SF cold storage facility located at 12360 S Pipeline Rd is expected to deliver during the third quarter of this year • STAG Industrial’s 101,896 SF warehouse at 1801 Riverbend West Drive was purchased by Harris Packaging. The space was previously occupied by Ecolab HUTCHINS BALCH SPRINGS DUNCANVILLE HIGHLAND PARK DALLAS 20 20 45 45 30 35E 35E 35E 30 12 12 12 12 114 183 12 75 67 80 175 175
121
BEDFORD
GINAW
EULESS
183
HALTOM CITY
IRVING
820
820
EAST FORT WORTH
35W
121
360
30
GRAND PRAIRIE
ARLINGTON
FORT WORTH
287
20
820
20
20
FOREST HILL
287
360
35W
DESOTO
LANCASTER
WILMER
MANSFIELD
67
35E
MARKET SUMMARY
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
22.9
22.9
22.9
23.0
23.1
23.4
23.5
23.5
23.5
Inventory (MSF)
Overall Net Absorption (MSF)
(54,492) 35,902
97,359 121,025 (127,368) 216,947 23,604
67,826
10,060
5.7% 5.7% 5.3% 4.9% 5.8% 6.1% 6.4% 6.0% 6.1%
Overall Vacancy
21,208 25,000
0
50,000 79,800 301,500 100,000
0
22,050
Completions (MSF)
Under Construction (MSF)
0
0
50,000
0
0
0
0
64,800 100,167
52 Q2 2019
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