C&W Industrial Insider Year-End Report_Q4-2018

ALLEN

HIGHLAND VILLAGE

Cushman &Wakefield Dallas/Fort Worth

75

PLANO

35E

121

FLOWER MOUND

4

East Fort Worth ROANOKE SOUTHLAKE 114

MURPHY

ADDISON

RICHARDSON

CARROLLTON

35W

35E

121

75

GRAPEVINE

287

635

OBSERVATIONS & TRENDS FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

635

• Comprised primarily of smaller, multi-tenant product developed in previous cycles • Since 2010, East Fort Worth has delivered less than 600,000 SF of new industrial product • Limited new development opportunities due to lack of available land and shallow demand • The submarket’s largest availability is the 101,896 SF building owned by STAG Industrial and previously occupied by Ecolab at 1801 Riverbend West Drive in Fort Worth • PODS occupied the remaining 67,826 SF vacancy in Riverbend West Distribution Center, a 300K SF speculative building developed by Hunt Southwest that recently traded to Pure Industrial • First Industrial sold Midway Business Park, a 93% leased 470K SF shallow bay industrial portfolio located at SH 121 and I-820, to Cohen Asset Management LANCASTER HUTCHINS WILMER BALCH SPRINGS DESOTO DUNCANVILLE HIGHLAND PARK DALLAS 20 20 45 45 30 35E 35E 35E 35E 30 12 12 12 12 114 183 12 75 67 67 80 175 175

121

BEDFORD

GINAW

EULESS

183

HALTOM CITY

IRVING

820

820

EAST FORT WORTH

35W

121

360

30

GRAND PRAIRIE

ARLINGTON

FORT WORTH

287

20

820

20

20

FOREST HILL

287

360

35W

MANSFIELD

MARKET SUMMARY

2010 2011

2012 2013 2014 2015 2016 2017 2018

22.9

22.9

22.9

22.9

23.0

23.0

23.4 23.5

23.5

Inventory (MSF)

Overall Net Absorption (MSF)

16,690 (54,492) 35,902

97,359 121,025 (127,368) 216,947 23,604

67,826

5.4% 5.7% 5.7% 5.3% 4.9% 5.8% 6.1% 6.4% 6.0%

Overall Vacancy

0

21,208 25,000

0

50,000 79,800 301,500 100,000

0

Completions (MSF)

Under Construction (MSF)

0

0

0

50,000

0

0

0

0

64,800

40 Q4 2018