Dallas-Fort Worth Office, Industrial Toughing It Out

DALLAS-Cushman & Wakefield of Texas Inc., rolling out its third quarter numbers, sees promise in an industrial sector that’s made a positive quarterly showing for the first time in a year while acknowledging there are still months of gloom overshadowing the office market in Dallas/Fort Worth.

“Historically, industrial has always been our leader out,” Rick Hughes, C&W’s senior director in Dallas, tells GlobeSt.com. What’s happened in the past, though, might not happen this time around. He says the office market gains that historically follow an industrial uptick by four to six months might not play out this time due to the “jobless recovery” that has a grip on Texas and many other US metros.