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

121

FLOWER MOUND

MURPHY

Cushman &Wakefield Dallas

ADDISON

E

RICHARDSON

CARROLLTON

35E

121

75

GRAPEVINE

635

30

Redbird FARMERS BRANCH 635 114 360

YVILLE

635

114

121

12

12

FORD

HIGHLAND PARK

EULESS

35E

OBSERVATIONS & TRENDS 30

183

IRVING

75

DALLAS

• Submarket characterized by mature product and competitive rates • New supply during this cycle has occurred in the Mountain Creek area, along I-20 at Spur 408, and has experienced impressive leasing velocity • Submarket is located with proximity to large blue-collar labor pool HUTCHINS BALCH SPRINGS FORNEY 20 20 80 175 175 –– Courtland delivered two buildings at the end of Q2 off of I-20 on Merrifield Road in Mountain Creek totaling 155K SF –– Liberty Property Trust prepared two pad-ready sites for a 484K SF and 800K SF building on 88 acres off Mountain Creek Parkway WILMER SELECT NEW DEVELOPMENTS 45

360

30

30

GRAND PRAIRIE

ARLINGTON

12

35E

45

12

12

REDBIRD

20

20

67

35E

DUNCANVILLE

360

DESOTO

LANCASTER

SFIELD

67

35E

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

18.4

18.4

18.5 18.5

18.8

20.1

22.1

22.1

22.3

Inventory (MSF)

Overall Net Absorption (MSF)

184,997 477,972 618,297 504,087 402,613 957,497

1.6

919,300 (171,300)

12.9% 10.3% 7.1% 4.4% 4.0% 5.5% 7.0% 2.8% 4.1%

Overall Vacancy

0

0

44,200

0

352,572

1.3

2.0

0

154,960

Completions (MSF)

Under Construction (MSF)

0

44,200

0

352,572 630,000

2.0

0

0

0

68 Q2 2018