ALLEN, TX—The Dallas-Fort Worth industrial market continues its run of record-setting growth in this cycle. The first quarter of 2019 picked up where 2018 left off, with significant positive absorption, asking rents staying in line with expectations, and construction and deliveries continuing at a record pace, according to a first quarter report by JLL.
Indeed, demand for space remains competitive, with net absorption in the range of quarters from the past couple of years. Although net absorption was outpaced by deliveries, 40% of new construction was preleased.
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