DALLAS—The state of the industrial market in Dallas-Fort Worth is good, according to new research from JLL.
According to the firm, however, industrial vacancy has gone up marginally in the first quarter due to a “record level of deliveries;” currently, it stands at 6.9 percent.
“One of the most dynamic industrial submarkets in DFW is South Dallas,” JLL research manager Steve Triolet, told GlobeSt.com. “It has a significant amount of construction under way (over 5 million square feet) but there are also several large leases pending, which should help tighten the vacancy rate over the few quarters. Overall, the submarket is one to watch from a big-deal perspective.”
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