C&W Industrial Insider Mid-Year Report -Q2 2018

Cushman &Wakefield Dallas

Far North/I-35

OBSERVATIONS & TRENDS 75

DENTON

380

35

• Submarket surrounded by heavy residential population

35E

LITTLE ELM

380

CORINTH

35W

• Proximity to DFW Airport, rooftops and I-35 drives demand

FRISCO

ALLEN

FAR NORTH I-35

HIGHLAND VILLAGE

75

• Limited available land for development

PLANO

SELECT MARKET ACTIVITY

35E

121

FLOWER MOUND

MURPHY

–– Toyota Motor Sales leased the full 121,188 SF of ML Realty’s 121 Riverview Crossing, a speculative front-park, rear-load building at SH 121 and Midway Rd in Lewisville –– KMM leased 48,111 SF of Lincoln Property Company’s 130,400 SF speculative front-park, rear load building at I-35E and Lakeway Drive in Lewisville 30 635

ROANOKE

114

ADDISON

SOUTHLAKE

RICHARDSON

CARROLLTON

35W

35E

121

75

GRAPEVINE

635

FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

12

BEDFORD

HIGHLAND PARK

EULESS

35E

30

183

SELECT NEW DEVELOPMENT

183

HALTOM CITY

IRVING

75

820

–– First Industrial is kicking off Phase I of First Park 121, which includes two speculative front-park, rear-load buildings (Building A – 220,480 SF and Building B – 124,800 SF), located at Midway Rd and FM 544 in Lewisville FORNEY 20 12 80 175

W

DALLAS

121

360

30

30

GRAND PRAIRIE

ARLINGTON

12

RTH

35E

45

287

BALCH SPRINGS

12

20

820

20

20

HUTCHINS

67

35E

175

DUNCANVILLE

REST HILL

MARKET SUMMARY 287

45

360

W

DESOTO

LANCASTER

WILMER

MANSFIELD

67

35E

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

15.4

15.4 15.6 15.7

16.0 16.1

16.8

18.1

18.4

Inventory (MSF)

Overall Net Absorption (MSF)

746,641 277,233 457,710 122,750 532,043 146,188 490,918

1.8

84,530

10.7% 9.0% 7.2% 7.0% 5.0% 4.7% 5.9% 2.8% 4.5%

Overall Vacancy

0

23,750 182,125 102,719 231,615 105,004 724,868

1.3

336,494

Completions (MSF)

Under Construction (MSF)

23,750 139,375 74,219 133,787 105,004 377,670

1.3

565,775 335,094

44 Q2 2018