Industrial: Smaller Users, More BTS

DALLAS-It isn’t exactly news that industrial leasing and construction activity increased in the Dallas-Fort area during the past year. What is interesting, however, is that the bulk of that leasing and construction activity took place among smaller users.

“What you saw happen this past year was that leasing activity started jumping out in spaces under 100,000 square feet,” comments Josh McArtor, senior vice president with CBRE. Colliers International vice president Ward Richmond agrees, pointing out that the smaller users have been prevalent because of stronger comfort levels with the economy. Furthermore, adds Blake Kendrick, managing director-industrial with Stream Realty: “Regional and local guys started making more decisions and were comfortable enough to go out and acquire more space.”