Big-Box Seeking Large Tenants Propels DFW Industrial Market
Author: Mike Otillio & Kari Beets
Date Published: 11/02/2017
A strong economy continues to propel Dallas-Fort Worth’s industrial market, and consumers’ demand for faster delivery has caused businesses to seek efficiencies throughout their supply chain. Amazon signed the two largest deals this quarter at 920,000 and 604,000 square feet. Net absorption was a healthy 4.4 million square feet, slightly slower than Q2, but stronger than Q1 2017. Diverse companies led to the absorption total; for example, Campbell Soup Co. had the largest move-in to 577,000 square feet in Fort Worth, and S&S Activewear took 500,000 square feet at 35/820 @ Mercantile Center.