April 30, 2019
Supply and demand remained balanced throughout the Dallas-Fort Worth industrial market during Q1 2019, with continued low market-wide vacancy. The major occupiers for the quarter included consumer goods companies, as well as third-party logistics and e-commerce firms.
According to CBRE’s researchers, first-quarter numbers represented the 34th consecutive quarter of positive net absorption for DFW. Meanwhile, JLL analysts pointed out that the period is the 23rd consecutive quarter of at least one million square feet of space delivered, a trend that will continue well past 2019.
Meanwhile, Cushman & Wakefield anticipates that market fundamentals will mean equilibrium in this property sector through the remainder of the year. Noted Cushman & Wakefield’s Kurt Griffin: “Although there is in excess of 30 million square feet currently under construction, over half (15 million square feet) of the total is preleased, leaving 15 million square feet of available speculative product.”
Pictured: Railhead Industrial Park, Fort Worth
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