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

Cushman &Wakefield Dallas

75

380

North Dallas/Metropolitan LITTLE ELM 380

H

FRISCO

OBSERVATIONS & TRENDS ALLEN

LAND

75

LAGE

• Inventory consists mostly of pre-2000 construction stock and typically appeals to tenants seeking office/showroom or shallow bay distribution • Infill submarket that was largely built out prior to the current cycle and is transitioning to higher finish product although most projects are land constrained • Tenant base is predominately local and regional credit tenants who desire access to the heavily populated North Dallas suburbs MURPHY 30

PLANO

35E

121

ADDISON

RICHARDSON

CARROLLTON

NORTH DALLAS/ METROPOLITAN

35E

121

75

E

635

FARMERS BRANCH

114

635

635

114

• Last-mile delivery location drives demand

12

12

HIGHLAND PARK

35E

• Mid-year vacancy increase is a direct result of Tuesday Morning’s move-out of 14325-14327 Gillis Road, a building owned and currently under renovation by Exeter Property Group 30 80

183

IRVING

75

DALLAS

0

30

MARKET SUMMARY

GRAND PRAIRIE

12

35E

FORNEY

45

12

175

20

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD BALCH SPRINGS

12

20

20

HUTCHINS

19.4 19.4 19.4 19.4 19.4 19.4 19.4 19.4 19.4 175

67

35E

Inventory (MSF) DUNCANVILLE

Overall Net Absorption (MSF)

(328,849) 121,947 377,001 300,709 440,554 204,740 75,510 123,247 (272,846) 45

DESOTO

LANCASTER

13.3% 12.7% 10.8% 9.2% 6.9% 5.9% 5.5% 4.9% 6.0% WILMER

Overall Vacancy

67

35E

103,250

0

0

0

0

0

0

0

0

Completions (MSF)

Under Construction (MSF)

0

0

0

0

0

0

0

0

0

60 Q2 2018