Industrial Mid-Year Report_Q2 2019_FINAL
121
FLOWER MOUND
MURPHY
Cushman &Wakefield Dallas/Fort Worth
ADDISON
E
RICHARDSON
CARROLLTON
35E
121
75
GRAPEVINE
635
30
Redbird FARMERS BRANCH 635 114 360
YVILLE
635
114
121
12
12
FORD
HIGHLAND PARK
EULESS
35E
OBSERVATIONS & TRENDS 30
183
IRVING
75
DALLAS
• Submarket characterized by mature product and competitive rates • New supply during this cycle has occurred in the Mountain Creek area, along I-20 at Spur 408, and has experienced impressive leasing velocity • Submarket is located with proximity to large blue-collar labor pool HUTCHINS BALCH SPRINGS FORNEY 20 20 80 175 175 –– Brookfield leased the remaining 151K SF of Executive Distribution Center at 5220 S Westmoreland Rd in Dallas to J.P. Fulfillment –– Liberty Property Trust prepared two pad-ready sites for a 484K SF and 800K SF building on 88 acres off Mountain Creek Parkway –– First Industrial’s 863K SF build-to-suit for HD Supply is expected to deliver by the end of the year in Mountain Creek WILMER SELECT NEW DEVELOPMENTS 45
360
30
30
GRAND PRAIRIE
ARLINGTON
12
35E
45
12
12
REDBIRD
20
20
67
35E
DUNCANVILLE
360
DESOTO
LANCASTER
SFIELD
67
35E
MARKET SUMMARY
2011
2012 2013 2014 2015 2016 2017 2018 YTD 2019
18.4
18.5
18.5
18.8
20.1
22.1
22.1
22.3
22.3
Inventory (MSF)
Overall Net Absorption (MSF)
477,972 618,297 504,087 402,613 957,497
1.6
919,300 152,953 (16,591)
10.3% 7.1% 4.4% 4.0% 5.5% 7.0% 2.8% 2.6% 3.6%
Overall Vacancy
0
44,200
0
352,572
1.3
2.0
0
154,960
0
Completions (MSF)
Under Construction (MSF)
44,200
0
352,572 630,000
2.0
0
0
0
863,328
82 Q2 2019
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