Search
 

Dallas Industrial is Hot, Hot, Hot

With nearly 20 million square feet delivered this year, this won't be an over-supply if 2015 is any indication; nearly 20 million square feet of new space arrived that year and almost all has been absorbed.

By Lisa Brown | Updated on December 28, 2017

Illes Foods Illes Foods renewed its 73,584-square-foot lease and expanded into 81,912 square feet.

CARROLLTON, TX—A healthy amount of industrial absorption continues throughout the metro, thanks to steady supply meeting growing demand, keeping the total vacancy around the 7.4% mark through third quarter 2017, according to JLL research. With nearly 20 million square feet delivered this year—if the recent past holds true—this flurry of development activity won’t be an over-supply. For example, 2015 delivered nearly 20 million square feet, and since then, more than 18 million square feet of that has been absorbed.

Historically, there has been a lag in the lease-up of new Dallas industrial space. However, Dallas continues to see healthy absorption among warehouse and distribution properties—having already re-leased some of the larger move-outs from the GSW/Arlington submarket, GlobeSt.com learns.

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.