DALLAS-At the end of 2011, local experts discussing the industrial commercial real estatesector liked the growth, but were wary when it came totalking about the "s" word: Speculative development. Though Houstonsaw demand for industrial space heat up faster than a hot Texassummer, caution seemed the byword when it came to the DFW area andits industrial sector.

But that caution is starting to erode. "At the end of last year,everyone was cautiously optimistic," Cannon Green, StreamRealty Partners LP's managing director-industrial in thecompany's Dallas office tells GlobeSt.com. "That's moved to optimistic."

Green points to solid activity in all submarkets and across allindustrial sectors, though larger bulk distribution product seemsto be attracting the most demand. Green says that, year-to-date,4.5 million square feet of class A industrial space has been leasedto tenants in increments of 250,000 square feet and larger. Withclose to 10 million more square feet of pending commercialreal estate leases in the pipeline, the optimism towardthe industrial sector seems justified. "Summer is typically a slowtime in commercial real estate," Green observes. "This has been oneof the busiest summers I can remember."