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Dallas Industrial is Hot, Hot, Hot

With nearly 20 million square feet delivered this year, this won’t be an over-supply if 2015 is any indication; nearly 20 million square feet of new space arrived that year and almost all has been absorbed.

Illes Foods Illes Foods renewed its 73,584-square-foot lease and expanded into 81,912 square feet.

CARROLLTON, TX—A healthy amount of industrial absorption continues throughout the metro, thanks to steady supply meeting growing demand, keeping the total vacancy around the 7.4% mark through third quarter 2017, according to JLL research. With nearly 20 million square feet delivered this year—if the recent past holds true—this flurry of development activity won’t be an over-supply. For example, 2015 delivered nearly 20 million square feet, and since then, more than 18 million square feet of that has been absorbed.

Historically, there has been a lag in the lease-up of new Dallas industrial space. However, Dallas continues to see healthy absorption among warehouse and distribution properties—having already re-leased some of the larger move-outs from the GSW/Arlington submarket, GlobeSt.com learns.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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