June 29, 2018
Cushman & Wakefield’s preliminary Q2 2018 and midyear industrial numbers for the Dallas-Fort Worth metro confirm what is suspected. Namely, the demand for industrial space continues outpacing the supply delivered to market.
Cushman & Wakefield’s Kurt Griffin indicated that absorption will continue exceeding new deliveries, thereby putting upward pressure on rental rates. “Even with an elevated amount of construction,” he added, “we’re still seeing leasing absorption and velocity outpace deliveries, as evidenced by the still historically low overall vacancy rate of 6.4%.”
What about the forecast? Griffin’s colleague Nathan Orbin doesn’t anticipate any slowdown. “DFW is well-positioned to continue to see elevated demand and activity through the rest of the year,” he remarked.
Pictured: I-20 Commerce Center, Lancaster, TX
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