C&W Industrial Insider Year-End Report_Q4-2018

Cushman &Wakefield Dallas/Fort Worth

Far North/I-35

OBSERVATIONS & TRENDS 75

DENTON

380

35

• Submarket surrounded by heavy residential population

35E

LITTLE ELM

380

CORINTH

35W

• Proximity to DFW Airport, rooftops and Interstate 35 drives demand

FRISCO

ALLEN

FAR NORTH I-35

HIGHLAND VILLAGE

75

• Limited available land for new development

PLANO

SELECT MARKET ACTIVITY & NEW DEVELOPMENT

35E

121

FLOWER MOUND

MURPHY

–– TIGI USA/Unilever renewed in 305,344 SF with Clarion Partners at Waters Ridge Distribution Center in Lewisville –– Toyota Motor Sales USA moved in to 121 Riverview Crossing, a 121,188 SF speculative rear-load building developed by ML Realty at 1825 Midway Road in Lewisville –– First Industrial is under construction on Phase I of First Park 121 with two speculative front-park, rear-load buildings of 220K SF and 125K SF located at Midway Rd and FM 544 in Lewisville 30 30 635 80

ROANOKE

114

ADDISON

SOUTHLAKE

RICHARDSON

CARROLLTON

35W

35E

121

75

GRAPEVINE

635

FARMERS BRANCH

114

KELLER

635

NORTH RICHLAND HILLS

360

COLLEYVILLE

114

121

12

12

BEDFORD

HIGHLAND PARK

EULESS

35E

183

183

HALTOM CITY

IRVING

75

820

W

DALLAS

121

360

30

30

GRAND PRAIRIE

ARLINGTON

12

RTH

35E

FORNEY

45

12

175

287

20

BALCH SPRINGS

12

20

820

20

20

HUTCHINS

67

35E

175

DUNCANVILLE

REST HILL

MARKET SUMMARY 287

45

360

W

DESOTO

LANCASTER

WILMER

MANSFIELD

67

35E

2010 2011

2012 2013 2014 2015 2016 2017 2018

15.4

15.4 15.6 15.7

16.0 16.1

16.8

18.1

18.7

Inventory (MSF)

Overall Net Absorption (MSF)

746,641 277,233 457,710 122,750 532,043 146,188 490,918

1.8

314,006

10.7% 9.0% 7.2% 7.0% 5.0% 4.7% 5.9% 2.8% 4.5%

Overall Vacancy

0

23,750 182,125 102,719 231,615 105,004 724,868

1.3

587,198

Completions (MSF)

Under Construction (MSF)

23,750 139,375 74,219 133,787 105,004 377,670

1.3

565,775 564,756

44 Q4 2018