Industrial Mid-Year Report_Q2 2019_FINAL
Cushman &Wakefield Dallas/Fort Worth
Far North/I-35
OBSERVATIONS & TRENDS 75
DENTON
380
35
• Submarket surrounded by heavy residential population
35E
LITTLE ELM
380
CORINTH
35W
• Proximity to the expansion of Northern DFW, rooftops and Interstate 35 drives demand
FRISCO
ALLEN
FAR NORTH I-35
HIGHLAND VILLAGE
75
• Limited available land for new industrial development
PLANO
SELECT MARKET ACTIVITY & NEW DEVELOPMENT
35E
121
FLOWER MOUND
MURPHY
–– RR Donnelley renewed in 200,515 SF with Duke at Waters 1550 in Lewisville at the end of 2018 –– First Industrial’s Phase I of First Park 121 with two speculative front-park, rear-load buildings of 220K SF and 125K SF located at Midway Rd and FM 544 in Lewisville is expected to deliver this year –– EastGroup’s two rear-load buildings under construction at Creekview 121 (73K SF and 66K SF) are expected to deliver this year –– A JV between Ironwood & Scannell is kicking off two speculative buildings (393K SF cross dock & 111K SF rear load) on their recently acquired 81 acre site off Western Blvd in Denton – the JV has a 4 building park totaling 1.4 MSF planned on the site HUTCHINS BALCH SPRINGS FORNEY 20 20 30 30 635 12 80 175 175
ROANOKE
114
ADDISON
SOUTHLAKE
RICHARDSON
CARROLLTON
35W
35E
121
75
GRAPEVINE
635
FARMERS BRANCH
114
KELLER
635
NORTH RICHLAND HILLS
360
COLLEYVILLE
114
121
12
12
BEDFORD
HIGHLAND PARK
EULESS
35E
183
183
HALTOM CITY
IRVING
75
820
W
DALLAS
121
360
30
30
GRAND PRAIRIE
ARLINGTON
12
RTH
35E
45
287
12
820
20
20
67
35E
DUNCANVILLE
REST HILL
287
45
360
MARKET SUMMARY
W
DESOTO
LANCASTER
WILMER
MANSFIELD
67
35E
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
17.5
17.7
17.8
18.1
18.2
18.9
20.2
20.8
21.0
Inventory (MSF)
Overall Net Absorption (MSF)
277,233 457,710 122,750 532,043 146,188 490,918
1.8
314,006 132,175
9.0% 7.2% 7.0% 5.0% 4.7% 5.9% 2.8% 4.5% 4.0%
Overall Vacancy
23,750 182,125 102,719 231,615 105,004 724,868
1.3
587,198 80,000
Completions (MSF)
Under Construction (MSF)
139,375 74,219 133,787 105,004 377,670
1.3
565,775 564,756 484,756
56 Q2 2019
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