Search
 

North Texas' Industrial Sector Absorbs 14M SF

DALLAS-Construction is at a seven-year high and vacancy at a seven-year low. The year starts out as promising, but it's not too likely to match '07's 14.2 million sf of absorption.

By Connie Gore | Updated on January 28, 2008

[IMGCAP(1)]DALLAS-North Texas has surged out of the 2008 gate with a strong showing in its industrial sector–development at a seven-year high and vacancy at a seven-year low. Although early signs call for a promising year, it’s not too likely the region will match 2007′s 14.2 million sf of absorption or be able to hold onto its 8.3% vacancy.

On the dark side, Dallas/Fort Worth’s 642-million-sf industrial marketplace is predicted to slow down, primarily due to its development pipeline and the US economy. But the good news is the region’s not going to stagnate as the year progresses.

“I’ve tried to talk myself into being skeptical, but there’s a bunch of leasing happening,” says Gary Lindsey, senior vice president in Dallas for the Santa Ana, CA-based Grubb & Ellis. “These first three weeks are really encouraging.” The firm yesterday released its yearend industrial analysis for Dallas/Fort Worth, showing absorption at its best level in years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.