Q3-Q4 Bi-Annual
December 31, 2019
Q3-Q4 Bi-Annual
The Dallas/Fort Worth industrial market continues to perform well, thanks to the metro’s robust job and population growth and the continued strength of the regional and U.S. economy. The market continues to deliver an incredible amount of industrial supply. The metroplex has averaged more than 20 million SF of net new supply annually over the past few years. Over the past 12 months, the market has added 30 million SF of new products.
Vacancies have remained stable at 6.7% due to a combination of impressive demand for speculative projects and a few significant build-to-suits that delivered. The market has been keeping up, absorbing 22.2 million SF over the past 12 months. The market leads the nation in construction, with 30.5 million SF underway. For a sense of scale, that’s more than Atlanta and Phoenix combined.