Construction Boom Continues as Rates, Demand Continue to Grow
Author: Mike Otillio & Kari Beets
Date Published: 05/02/2016
The construction boom continued in Dallas-Fort Worth’s industrial market in Q1 2016. Over 4 million square feet was delivered to the market and 20 million is still under construction. This level of construction surpassed even Inland Empire (California), which had 15 million square feet under construction at the end of Q1. Buildings under construction in DFW were 34% pre-leased at the end of the quarter, which is up from 20% at the end of Q4 2015.