January 31, 2017
Nationwide demand for industrial space is at an all-time high, and Dallas-Fort Worth is leading the way, according to a new research report released by Cushman & Wakefield. The North Texas market recorded 5.3 million square feet of net absorption in Q4 2016, topping Chicago (4.1 million square feet), Houston (4.1 million square feet), the Inland Empire (3.6 million square feet), Atlanta (3.5 million square feet) and Memphis (3 million square feet).
Last year, developers delivered approximately 22.4 million square feet of industrial space to the North Texas market, 86.8% of which was spec. “Even though we’re setting records in terms of new construction, the user market is absorbing everything that’s being built,” said Cushman & Wakefield’s Randy Baird. “The DFW industrial market is extremely healthy.”
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