Broadstone Net Lease bought At Home's 528,000-square-foot warehouse in Plano, TX.

DALLAS—Pricing for industrial distribution and warehouse space climbed in many US markets during the past 12 months, as investors continued to focus on markets tied to large population centers, logistics and e-commerce space. According to an Avison Young industrial investment review, prices in Dallas increased the most out of the major industrial markets reviewed, up 20% to $85 per square foot, with New York/Northern New Jersey, Los Angeles, Miami and the Inland Empire also recording increases.

"The industrial market has seen significant investment activity over the past five to seven years and continues to attract a steady flow of capital, particularly in large urban markets tied to e-commerce growth," says Erik Foster, Avison Young principal and leader of the firm's national industrial capital markets group. "From institutional investors to REITS and private investors, we're seeing a continued focus on acquiring well-located distribution and warehouse assets with strong tenancy."

Strong population growth in North Texas has generated demand for a wide range of industrial space and has propelled Dallas into the investor spotlight. That market has added millions of square feet of industrial space in recent years, a draw to tenants as well as investors.