Industrial Mid-Year Report_Q2 2019_FINAL
FRISCO
Cushman &Wakefield Dallas/Fort Worth
ALLEN
D
75
E
PLANO
Pinnacle/Turnpike MURPHY 121
35E
ADDISON
OBSERVATIONS & TRENDS
RICHARDSON
CARROLLTON
35E
1
75
• Attractive because of its access to dense blue-collar labor populations and location between Downtown Dallas and DFW International Airport • While Turnpike is comprised of mostly older product with lower clear heights, narrow/shared truck courts and limited loading and trailer parking capabilities, Pinnacle’s building stock is newer and offers more modern amenities • Recent increase of construction activity and quick lease up of new supply 30 30
635
FARMERS BRANCH
114
635
635
114
12
12
HIGHLAND PARK
35E
183
IRVING
75
DALLAS
80
PINNACLE/ TURNPIKE
SELECT NEW DEVELOPMENTS & MARKET ACTIVITY –– Inmar leased 355K SF at Grand Lakes Distribution Center, a FORNEY
30
GRAND PRAIRIE
–– Ironwood Realty Partners and USAA’s Grand Lakes Commerce Center, a speculative 193K SF rear-load building is expected to deliver before year-end –– Hillwood’s 855K SF BTS for Amazon at Commerce 30, located at I-30 and Chalk Hill Rd in Dallas is expected to deliver by the end of 2019 –– Heitman purchased 4025 I-30 in a forward, a speculative 296K SF front load building in Grand Lakes expected to deliver by the end of 2019
12
35E
45
636K SF second gen cross-dock building at 3845 Gifford Street in Grand Prairie –– Thrift Books leased 178K SF at Nuveen’s Pinnacle Industrial Center, a 356K SF second-gen rear load building at 4445 Rock Quarry Road –– Hillwood’s two speculative cross dock buildings (672K SF and 609K SF) at Commerce 30 are expected to deliver year end 2019/early 2020 WILMER BALCH SPRINGS 20 175
12
175
12
20
20
HUTCHINS
67
35E
DUNCANVILLE
45
DESOTO
LANCASTER
67
35E
MARKET SUMMARY
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
25.5
25.7
25.7
25.7
26.3
26.8
27.6
27.8
27.8
Inventory (MSF)
Overall Net Absorption (MSF)
1.0
(226,121)
1.1
118,462
2.1
198,619 272,017
-1.1
701,032
10.4% 12.0% 7.7% 7.2% 1.6% 2.9% 4.5% 9.0% 6.7%
Overall Vacancy
0
204,762
0
0
620,445 556,613 733,241 189,200 12,000
Completions (MSF)
Under Construction (MSF)
204,762
0
0
620,445 264,413 733,241 189,200
2.2
2.6
78 Q2 2019
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