New development has been the driving force behind the Dallas-Fort Worth industrial market the past few years and Q1 2018 is no exception. However, it is the lack of deliveries that affected the market this quarter -- only 3 million properties were delivered compared to eight in Q4 2017. Deliveries of large build-to-suits and spec properties that are quickly occupied have driven absorption the last few quarters, and the lack of deliveries contributed to lackluster absorption of 2.3 million square feet. Despite fewer deliveries, developers are still optimistic about the market as evidenced by the 24 million square feet under construction of which 60% is spec.
Industrial Catches its Breath After Active 2017
Author: Mike Otillio & Kari Beets
Date Published: 05/08/2018