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

Industrial Insider Mid-Year Report

MARKET SUMMARY - Garland

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

41.7

41.7

41.8 41.8

41.8

42.4

42.4

43.9 43.9

Inventory (MSF)

Overall Net Absorption (MSF)

(248,295) 368,021 164,421 (382,809) 767,445 847,506 778,076

1.2 354,236

11.5% 10.6% 10.3% 11.3% 9.5% 8.8% 7.0% 7.2% 6.2%

Overall Vacancy

20,125

0

33,620

23,474 22,000 639,684

0

1,455,366

0

Completions (MSF)

0

0

23,474

0

167,440

0

1.4 764,400

1.0

Under Construction (MSF)

MARKET SUMMARY - Mesquite

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

17.2

17.2 17.2

17.6

17.6

17.6

17.6

18.0

18.0

Inventory (MSF)

Overall Net Absorption (MSF)

329,743 700,928 612,735 542,836 401,271 (53,877) (177,433) 657,499 (440,860)

19.7% 15.6% 12.0% 10.9% 8.7% 9.0% 10.1% 8.2% 10.9%

Overall Vacancy

0

0

0

398,162

0

0

25,755 351,874

0

Completions (MSF)

0

0

398,162

0

0

25,755 351,874 877,230

2.3

Under Construction (MSF)

COMPLETIONS / NET ABSORPTI NS

VACANCY

NET ABSORPTION / COMPLETIONS GARLAND/MESQUITE COMBINED

Historical Combined Average =9.4% HISTORICAL AVER GE = 9.4%

2.5

14.0%

2.0

12.0%

10.0%

1.5

8.0%

1.0

6.0%

Millions

4.0%

0.5

2.0%

0.0

0.0%

Q2 2012

Q2 2013

Q2 2014

Q2 2015

Q2 2016

Q2 2017

Q2 2018

(0.5)

OVERALL VACANCY RATE

HISTORICAL AVERAGE

2012 2013 2014 2015 2016 2017 2018 YTD

OVERALL NET ABSORPTION COMPLETIONS

Q2 2018

49