DALLAS—Xceligent recently released its Q1 industrial report which showed a great looking first quarter. The industrial market was more active in the first three months of 2014 that it has been in awhile. The market saw almost four million square feet of absorption in the first quarter and nearly 18 million square feet during 2013.
In an interview with Chris Summers, Xceligent’s market director for the Dallas/Ft. Worth area, he highlighted several takeaways from the report that explained why he is optimistic for industrial in 2014: “There are many indicators that would lead me to similar thinking. One if these is new construction. There is currently over 17 million sf underway and multiple projects gearing up like Southport Logistics Park (close to 9 million square feet proposed) in south Dallas. Last year DFW had multiple larger deals commence like Procter & Gamble and Williams Sonoma. The feedback that we receive from our broker advisory boards is that we will continue to see this same trend moving forward thru this year.”
To read the full report:
Click the button below for the complete first quarter 2014 Industrial Market Trends report for Dallas/Ft. Worth.