(Read more on the industrial market.)
DALLAS-Of the Top 5 industrial markets in the US, Dallas/Fort Worth is far ahead of the pack for spec construction. The 17.8 million sf of under-construction space is raising concerns about overbuilding, particularly if the US economy tilts some more.
According to Grubb & Ellis Co.'s third-quarter stats, Dallas/Fort Worth's developers are building 5.4 million sf more than its closest Top 5 competitor, Chicago. The largest market, Greater Los Angeles, has just three million sf under way while East Coast competitors New Jersey and Philadelphia have 6.2 million sf and five million sf coming out of the ground, respectively.
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