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The three buildings of Bridge Point Powerline Road development should be delivered in the third quarter of 2019, according to Bridge Development. The project will total 467,832 square feet.
New construction for industrial properties has moderated somewhat, but the need for last-mile distribution facilities is still fueling infill building.
Peloton evaluated four different US markets and found that the Dallas area offered the most attractive options and a CBRE survey revealed that Dallas was in the number two spot as favored by investors.
Some of the trends include a dip in the NAI Partners sublease index, an industrial market with a 5.5% or lower vacancy rate for more than six years, and average retail asking rents at an all-time high and sub-6% vacancy.