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

75

380

35 Cushman &Wakefield Dallas

DENTON

380

35E

LITTLE ELM

380

CORINTH

35W

FRISCO

287

South Fort Worth PLANO HIGHLAND VILLAGE 35E

ALLEN

75

121

FLOWER MOUND

114

MURPHY

ROANOKE

114

ADDISON

OBSERVATIONS & TRENDS RICHARDSON CARROLLTON

SOUTHLAKE

35W

35E

121

75

GRAPEVINE

287

635

30

FARMERS BRANCH

114

KELLER

• Area is characterized by mature product and manufacturing uses • Several new warehouse/distribution projects are in the pipeline • Available land and location at the intersection of I-20 and I-35 W are driving development, as well as access to blue- collar labor FORNEY HIGHLAND PARK DALLAS 45 30 635 635 35E 35E 30 12 12 75 80 175 –– Crow Holdings Capital has leased 86% of their speculative two-building project, Carter Distribution Center –– Majestic delivered the first speculative building, a 287K SF front-park, rear-load, at the developer’s 1.8 MSF master-planned Fort Worth South Business Park LANCASTER WILMER 45 35E BALCH SPRINGS DESOTO 20 20 12 175 SELECT NEW DEVELOPMENTS HUTCHINS 35E 67

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

BEDFORD

SAGINAW

EULESS

199

183

183

HALTOM CITY

IRVING

820

820

35W

121

360

30

WHITE SETTLEMENT

GRAND PRAIRIE

ARLINGTON

12

FORT WORTH

30

820

287

820

20

20

20

DUNCANVILLE

BROOK

FOREST HILL

287

7

360

35W

SOUTH FORT WORTH

MANSFIELD

67

–– TCRG purchased +/- 125 acre tract for future development

–– TA Associates and Frontier Equity recently broke ground on a 4 building development of nearly 500K SF at the NWC of I-35W and Everman Pky

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

26.1

26.2

26.2

26.2

26.2

26.3

26.4

26.9

27.2

Inventory

Overall Net Absorption (MSF)

60,187 (166,093) (31,163)

1.1

(784,487) 14,182 959,828

(1.2) 240,000

5.1% 5.8% 5.9% 2.0% 5.0% 5.3% 1.9% 8.1% 7.9%

Overall Vacancy

20,000

33,610

0

56,097

0

95,550

78,419 488,564 308,061

Completions (MSF)

Under Construction (MSF)

33,610

0

56,097

0

58,450

58,419

0

308,061 478,939

82 Q2 2018