Q1-Q2 Bi-Annual
July 1, 2021
Q1-Q2 Bi-Annual
The industrial sector continues to be a hot spot for the Dallas-Fort Worth market at the midpoint of 2021 and there is no sign of anything slowing down. Developers are delivering an average of 20 MSF of net new space annually since 2015. The market has reached a major milestone: A total of 1 billion square feet of industrial product (if we include proposed buildings)! Vacancies remain stable at 6.3% due to a combination of the impressive demand for speculative projects and several significant build-to-suits being delivered. The metroplex leads the nation in construction with over 35.6 MSF underway.
Additionally, rent growth has remained positive which is especially impressive considering the metroplex has added over 171 MSF of new space over the last decade. To put it in perspective, the Inland Empire in California added 175 MSF of new space.