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

Cushman &Wakefield Dallas

Valwood/North Stemmons

75

ENTON

380

OBSERVATIONS & TRENDS 380

5E

LITTLE ELM

CORINTH

FRISCO

• “Workhorse Market” with proximity to highly populated areas, high quantities of labor and major highways as the driving factor for high demand • Low vacancy rates and increasing rental rates resulting from “building out” of park • Prologis’ redevelopment of the former ST Micro site is the first true redevelopment in the submarket, because rates are justifying the teardown and reinvestment of capital. Building 3 (285K SF) delivered at the end of 2017 and is 82% leased 30 –– Prologis will finishing up final phase of Valwood Corporate Center redevelopment project with Building 4 (235K SF) delivering next month –– Core5 Industrial Partners will break ground on a two-building speculative development, Valwood Crossroads(337K SF and 280K SF), at the end of this year –– Panattoni’s Valwood Logistics Center, a 151K SF speculative front-park, rear-load building on Senlac Drive will deliver in 3Q 2018 FORNEY 20 80 175 BALCH SPRINGS SELECT NEW DEVELOPMENTS

ALLEN

HIGHLAND VILLAGE

75

PLANO

35E

121

FLOWER MOUND

VALWOOD/ STEMMONS

MURPHY

ADDISON

E

RICHARDSON

CARROLLTON

35E

121

75

GRAPEVINE

635

FARMERS BRANCH

114

635

360

YVILLE

635

114

121

12

12

ORD

HIGHLAND PARK

EULESS

35E

30

183

IRVING

75

DALLAS

360

30

30

GRAND PRAIRIE

ARLINGTON

12

35E

45

12

175

12

20

20

20

HUTCHINS

67

35E

DUNCANVILLE

45

360

DESOTO

LANCASTER

WILMER

FIELD

67

35E

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018 YTD

46.2

46.6

46.6

46.9

47.3

48.7

49.2

50.4

50.4

Inventory

Overall Net Absorption (MSF)

97,997 660,374

1.2

2.0

241,723

1.8

843,752

1.5 200,995

13.5% 12.7% 10.2% 6.5% 6.8% 5.8% 5.2% 4.3% 4.1%

Overall Vacancy

111,938 343,394 28,380 299,550 398,249

1.4

542,355

1.1

0

Completions (MSF)

Under Construction (MSF)

140,000 28,380 299,550 28,532 985,192 860,043

1.0

235,900 235,900

86 Q2 2018