Industrial Hits 31st Quarter of Positive Absorption

The park encompasses 213,481 square feet, includes 11 tenants and is 100% occupied.

GARLAND, TX—The second quarter ending June 30, 2018 marks the 31st consecutive quarter of positive absorption for the Dallas/Fort Worth industrial market. Industrial occupiers took down just under 6 million square feet in the second quarter, bringing the year-to-date absorption total to nearly 10 million square feet, in line with mid-year absorption levels tracked during the past three years, according to the CBRE second quarter 2018 industrial MarketViews report for the Dallas/Fort Worth market.

The construction pipeline grew by 7.9 million square feet in new starts during the quarter to reach a new record–22.3 million square feet of new industrial and flex product is underway in DFW. New product totaled 6.4 million square feet and was 54.8% pre-committed, largely due to several build-to-suit properties delivering in the past 90 days. The market-wide vacancy rate was essentially unchanged, at 5.8% at the end of the quarter, GlobeSt.com learns.