C&W Industrial Insider Year-End Report_Q4-2018

Industrial Insider Year-End Report

MARKET SUMMARY - Alliance

2010 2011

2012 2013 2014 2015 2016 2017 2018

27.6

27.6

27.6

28.8 31.5 34.5

36.4 38.1

42.6

Inventory (MSF)

Overall Net Absorption (MSF)

169,458 746,052

1.4

1.4

1.4

1.3

2.5

4.0

1.6

16.4% 13.8% 8.9% 7.5% 11.2% 15.1% 12.4% 6.0% 11.6%

Overall Vacancy

243,496 25,000

0

1.1

2.7

3.0

1.8

1.7

4.0

Completions (MSF)

73,726

48,726

48,726

3.8

2.8

1.2

1.7

2.7

2.5

Under Construction (MSF)

MARKET SUMMARY - North Fort Worth

2010 2011

2012 2013 2014 2015 2016 2017 2018

35.8

35.9

36.0

36.0

36.6

37.1

40.6

42.6 44.3

Inventory (MSF)

Overall Net Absorption (MSF)

367,833 541,333 328,639 373,041 309,287 (837,861) 4.5

2.3

725,536

6.6% 5.3% 4.9% 3.8% 4.4% 8.1% 4.7% 4.0% 5.1%

Overall Vacancy

0

58,603 188,000

0

541,216 559,367

3.4

2.1

1.7

Completions (MSF)

0

188,000

0

0

0

3.3

1.4

1.1

1.1

Under Construction (MSF)

NET ABSORPTIONS/ COMPLETIONS

VACANCY

Historical Average = 6.9% HISTORICAL AVERAGE = 6.9%

NET ABSORPTION / COMPLETIONS

14.0%

8.0

7.0

12.0%

6.0

10.0%

5.0

8.0%

4.0

6.0%

Millions

3.0

4.0%

2.0

2.0%

1.0

0.0

0.0%

2012

2013

2014

2015

2016

2017

2018

Q4 2012

Q4 2013

Q4 2014

Q4 2015

Q4 2016

Q4 2017

Q4 2018

OVERALL NET ABSORPTION COMPLETIONS

OVERALL VACANCY RATE

HISTORICAL AVERAGE

Q4 2018

25